...Further to the above post...NCM is a moderate buy for US analysts, It pays a 4.8%pa div (quarterly), It produced and sold more gold last year but ran into the worldwide problem of rising AISC. It has a top target valuation of $68USD, mid $44USD and low $38USD. So we are at the low point. My assessment is that with NCM assets on board, cherry-picked NCM management, sale of non-strategic NCM assets at full value and NEM's current wake-up call on costs (ie Mexican worker stand-off) that the future looks positive. There is potential for sudden upward movement in the NEM share price post acquisition, imo. The market liquidity will expand substantially, we old NCM shareholders will trade our new NEM shares on the ASX under an arranged entity for this sort of corporate action. So for me buying in now to NCM is OK .
