tuned the corner, page-31

thanks smart dude, i stand corrected, i did misread the slide and the company forecast with FY and H1 on the same slide........

please disregard my request for info, the company Has NOT forcast a drop in EPS at all....lucky im not short for that reason.............geez silly comment there on my part

Currently Short for the following reasons, may not work but time will tell..just thinking out loud

# concerns over the current gold price, central banks will need to sell gold to pay for their bailout commitments imo, obviously alot of expectation that USA would stimulate but bernake has buried that one for now
# largest correction in spot prices this week in three years on the back of other large one last year looks to me as if gold is topping out near term
#NCm production problems will continue for a few more quarters imo becasue of the size of the problem blamed on lihir managment, this will in turn affect EPS forecast
#POG AUD has been falling of late and oil a major cost has been stubborn, margin compression is occuring (by my forecast anyway) and production problems remain and reasonable expectation that they will confess again, they have a habit of it
#Div was very small, whilst increasing significantly in percentage terms, its still a long long way to compete from others investments with far less risk
#Production is years behind original forecasts, and with further investment required to bring Lihir up to speed, EPS growth is most likley slowing or negative after such a run up, synergies from Lihir deal probably all but wiped out after previous switch gear problems and now current issues at lihir
# USA markets seem to be in a frenzie on some big stocks which have pumped them up to new high upon high along with the market, I cant see the valuations and i cant see it lasting,,,some stocks have put on insane price gains in % terms this year, including the large mega caps, these gains seem totally unreasonable given earnings
# market seems to have boomed this year when there are so many problems remaining, and seems every government is trying to artifically manipulate markets
#India GDP well short of consensus forecasts
# Greece bailout saga continues and no sooner do they get the money than the ECB, Toka forecasts turen out to be wrong, suprise suprise Greek revenue way short , seems they are trying to stop a CDS market trigger,,either way one would think that these huge writedowns will need to be done by the banks
# Spain is the next problem, months to get all the members to agree on Defecit limits, and now Spain says, sorry cant cut any further, they will need a bailout and the question is why all the meeting when its obvious, cutting crimps growth and the expectation of growth is too high, spain is already breaking an agreement that got the market going after NOV 2011, the agreement was defecit spending limits
# Carbon tax also coming and with lack of total detail, one would assume it will cost more than the 3Pc estimated by the company and if you couple that with production problems experienced by a mumber of mines in suite, EPS could down
# there is alot of rain in New South Wales of late, and heavy rain is expected to continue for the month of march, that means there is problably going to be a problem for production in NSW like last year....
#appears to be huge leverage in the gold price with price drop, and I think there is still alot of leverage in the share price of NCM to come out