Nice floor, page-32

UBS love to put things out on expiry day......lol,,,saw the article,,all gold stocks except ncm and one other,,,,,,,,,,,,notice their target of 7 has been slowly lifting to now 10.60.

ENd of the day,,POG aud up at last QTR average now 1446, month to go..production gold and copper lifted, margin expanding, cashflow expanding, AUD looking to fall even further, it has already seriously lagged other gold stocks, earnings up 400PC !!!! last half..........

UBS seem to forget for any non cash write down of Lihir, Cadia would have to be upgraded on accounting rules, it should also be noted long rtange done at 80 cents, and aud is lower, blah blah.....

And if UBS look at all the deals it mentions and the prices paid for actual production and margin,,ncm is producing way way more and if the blanket valuations of its peers is applied,,,well,,ncm is worth a lot more


anyhooooo my two cents..

As for debt, TETETE,,if you look at NCM its paying 50Pc less than FMG in interest costs and can easily pay off the small amount owed and has more than enough capacity to meet the big one further down with its lines of credit which are being paid down thanks to the big expansion of cashflow........

FMG,,look at what happened to the price of FMG when they refinanced at 10.75PC,,,,,1.87-2.68...

ANyhoo short me baby,,NCM hasn't looked this good in years