net debt load 4 142 000 000 = huge risk, page-33

Hey Sydneyguy, congratulations on another excellent, well researched quality post... Keep em coming fella...!

I for one, look forward to your musings and ideas..!
I used to be a gold bull, but turned bear when the support at 1,550 was taken out...!

As always with markets, there is a time and season for everything..
The gold market was an easy buy through 2003 - 2009..

Now it requires some sharp technical analysis to capture a trade..!
The gold and silver charts still do not show a reversal of the recent down trend.. Therefore why go against it..?

As Sydney has pointed out many times before, NCM is a price taker, has high cost mines, has an extremely poor record at keeping costs under control and an even worse record at maintaining production guidance..

Is it worth paying a P/E of 19 - 20..? You've got to be friggin kidding me..
Any month now we are going to see another statement from management on another dilution to raise funding for debt..

To all those bulls who mock Sydney, do you really think he gives a toss.., Grow up.. It's his opinion.. It's great to have a counter opinion, but don't insult him because he has a different idea.. How about coming up with something clever to counter Sydney's claims..

Cheers Lute..