the worst may be over, page-6

who wasit that posted credit swiss's report the other week about value of ncm being way lower if gold dropped,,,,when gold was 1300 and plus 1400aud?

I hear what your saying sck,,,,but what about the other side,,,lower by product credits in copper and silver,,,then there is the huge increase in the cost of energy because of price increases and then the double whammy of FX

Then there is the huge amount of debt,,,,,what does a huge drop in AUD do to the debt when it was placed at much higher levels,,,,another thing to erode the Net profit

Lower expenses,,,lower productivity, lower production,,,,less cash ..we should all agree that last QTR was probably terrible,,1550aud to 1300aud for the cost of its goods even with the aud fall,,,oil price higher,,,,,debt remains but FX lower,,,,,guidance lowered,,,div cancelled,,,reorganisation coming to get ride of high costs mines,,result,,ncm will be a shadow of its former self after spending billions on Capex...

These moves can go up for a while,,but she will reverse like she always does to catch the leveraged speculative hot money out - no yield and all the risk for 10.80 today,,,,not for me in a million years,,,,,,