Three theories:
1. LGL is smaller than NCM, and as a rule, the smaller the gold company, the bigger hit to SP recently.
2. LGL has more operations with exposure to the $US than NCM does and the $US gold price has tanked further in recent times than the $A gold price.
3. NCM has copper credits in their production and copper prices have actually performed pretty well, until the last couple of weeks.
As a result of these (and no doubt other) factors, NCM reported a larger profit increase than LGL. Will those factors continue? Or will LGL have a good year moving forward? Copper's copped a hiding the past couple of weeks, as well - will it keep declining? Will a "bigger is better" mentality continue in gold shares in the future?
Who knows? I continue to hold LGL, because they can double from here more readily (and justifiably) than I believe NCM can.
ship jump, page-16
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Last
$1.41 |
Change
0.010(0.71%) |
Mkt cap ! $172.1M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.41 | $1.39 | $9.782K | 6.992K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 923 | $1.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.46 | 14375 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LGL (ASX) Chart |