haven't had a chance to do much analysis on the report, but the technical continue to look strong with that bounce off the bottom of the moving average,,first time in a while, would be even more positive for the technical imo if it had a weekly close above that...but as you say that will depend on the flow of the markets and sentiment..
Gold broke below the 1330 for a huge test of 1317.5,,,and it broke bown and back on good volume so,,always a so it needs to keep going to 1330 and if that is broken another short at 1350..
Burnett you were right,,,despite the report,,(always a s trong last qtr for ncm) cash position has increased significantly since the write downs,,previously 7/6/2013 approx. 750, now 950M cash and overdraft,,and that shows that the CFO ( I Assume) got the cash under control when they needed to........
Lets see some expansion of POG AUD to continue to bring support up......
they are a price taker,,,,,but if the price does expand , suddenly being a price taker isn't all that bad...
Not in love with them,,but they have potential...lets see
NCM Price at posting:
$12.53 Sentiment: ST Buy Disclosure: Held