Yeah not a good thing for margin per ounce produced with those sort of headline price moves and with cadia havin production problems
Shessh they certainly have been unlucky again with their oil hedging with almost a 20 pc easing from beginning of financial year , hopefully management out in a stop of those own this year
Still think she goes back to 1063, no dividend in sight with cashflow like this IMO
Time will tell I suppose , lots of paper gains unravelling , hopefully many used stops
NCM Price at posting:
$11.60 Sentiment: Sell Disclosure: Not Held