Saw a wall of rehashed text. The last line caught the eye though "those hoping for much lower prices are dreaming......" I remember hearing those same words at $11 and above, before you became a holder. Expect the unexpected, very glad I managed my margin loan levels on conservative basis on this one.
The company/mines will survive in one form or another, how much damage can your balance sheet take is another question altogether. Wouldn't have minded if the company did a cap raising earlier in the ear to repair/derisk balance sheet, now that prices at lower obviously the dilution factor increases.
Maybe worthwhile to save up a few pennies for a surprise cap raising in the coming year, just in case you know. If the trend improves/upwards you can always deploy the capital at less risk for good returns.
NCM Price at posting:
$7.42 Sentiment: LT Buy Disclosure: Held