IMO its all about the margin of the gold it has in the ground,wether its expanding or contracting, and weather they are getting more out of the gound than last qtr, ncm and gold miners being purchased by ppl on headline price of gold can see why it doesnt work,they have been smashed for years,,,ppl said the same at 43, 40, 39,28,etc
NCM is going down because the merger actually has ended up costing them more money, their margin is being eaten away at rising costs, gold price looks to be heading south, mining tax, failed to reach 5 year plan or production plan, register has doubled,,etc,,,etc, div yield is low ans there is lots of competition for funds from other investments now with higher yield and deemed less risk
NCM Price at posting:
$29.43 Sentiment: None Disclosure: Held
