Please don't shoot the messenger here - I'm long gold and
gold stocks up my Ying-Yang at the moment, but I was
pondering why NCM was copping such a bashing...
Could it be that punters consider that Lihir Island is too
close to the shaky ring of fire?
Whilst I was considering this, I went to www.ga.gov.au to
check on the latest earthquake action in Japan, and I
noticed that the most recent earthquake (at time of writing)
was a 6.5 magnitude shake near Vanuatu...
Check the attached map, and consider where the Pacific Plate
lies... perhaps Lihir is too close for comfort? Regardless,
perhaps it is a risk that should be mitigated whilst
Mother Earth is so blatantly angry...
Obviously I wish no harm to any PNG islanders, any NCM
staff, or anyone at all... but I worry about NCM investors
who are perhaps unaware of the possible Lihir risk...
Disclosure - Although I'm relatively happy to accept the
risk, I have moved to mitigate it via options.
Further Disclosure - I was never a fan of the purchase of
Lihir by NCM.
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