Given that the sell bots have decimated the stock for the last several weeks including todays stripout what happens next? Looks like huge volume on the match up of 700k+ with the SP lifting from 37.97 to 38.11 Is that it? Have they finished accumulating?
Who knows - interesting that since our markets have closed spot gold is up $4......
Plenty of interesting articles re gold stocks about to launch - perhaps what we have seen in NCM is a large accumulation play in readiness....Senior management have been in North America since the beginning of the month presenting & they would be acutely aware of the underperformance of NCM v the gold price.
NCM Price at posting:
$38.11 Sentiment: LT Buy Disclosure: Held
