IMO NCM is the target and should not be a buyer. Why buy high cost producers that are highly geared. NCM has it all in this market, strong balance sheet with very low gearing, unhedged product which is trending up and forecast to rocket, low cost production and solid reserves..
interesting times, one thing is for sure, Im glad Im not in the banks, retail, RIO or some of the oil players. I'm happy, NCM NICE CONsERVATIVE MANAGMENT...
PS anyone understand the gyrations of triple witching on Friday
NCM Price at posting:
$33.50 Sentiment: Hold Disclosure: Held
