The reason?
An educated guess:
Eirher -
1) NCM's s/p is anticipating a fall in the gold price
OR,
2) There is something inherently wrong with NCM ... metallurgical problems or something similar with Telfer ... Hedging commitments ... or something else
When in doubt .... SELL.
At the moment, I am very much "in doubt" ... let the s/p do the talking and right now the s/p is saying "sell".
