I too am completely confused with what is happening at the moment and have a call in with NCM investor relations for a full and frank explanation.
Perhaps we have a lareg pair trade - ie long gold / short NCM that is taking place.
Certainly every NCM long has the right to ask questions in relation to the current trading pattern ( which has been in place for over a fortnight now )
In due course NCM will release stellar Q4 earnings and even better earnings Q1 next year - the falling AUD is good for NCM. So fundamentally the stock price at some stage will have to reflect the benefits of a surging gold price in both aud and usd - but when i guess is the big question???
- Forums
- ASX - By Stock
- NCM
- reversal
reversal, page-51
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NCM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online