good time to buy, page-15

I would think the end game for the short sellers is to drive the price to sub 30 on ncm which is 10% below the fair price valuation of 32.80ish put out by some US analysts.

This would give them a comfortable plus 10% premium on upside and buffer Aud fluctuations and gold price downside risk.

I do think the failure to hold 200 period on weekly moving average is a tell.

I agree that the PE is high relative to other stable investment opportunities available.

Ncm will bounce around like a baby but my gut and chart weakness suggest further downside to make it more attractive in a risk off environment.