This Gold Dinosaur actually Good Entry Prince is around now $23+ now it's like forever consolidating. At least they up their Dividend payout policy 2X and their assumption of POG is US$1500 for any projects they are doing...
same like fmg cost low.... like $12+ If i remember...
this GOld dinosaur is within US$900
They will make money it's just more or less. the CEO did say in an interview when asked about forecasting POG... he answered something like we don't do a forecast, we focus on reducing cost, and expand operations within our balance sheet capabilities, they deliberately made the balance sheet super strong like 0% net gearing to sort of weather any storm. and Fund existing expansion projects via cash flow. Not from Debt.
0% net gearing. a Company cannot go under.
Unlike that ever.. in *ahem*... $300b debt... Hopefully, crash AUD .. and XAUAUD will rocket everyone happy again.
NCM Price at posting:
$23.78 Sentiment: None Disclosure: Not Held
