Ann: June Quarterly Report, page-4

Sydneyguy

I normally do not check NCM's reports, but did glance over them today. How come they do not mention their debt level and cash balance like other companies in the quarterly- or will they do that later on? I suppose they will have to when doing the half yearly and year end reports.

I was interested in seeing if they had reduced their debt this quarter and what their interest payments were.

If their debts are in USDs, I hope they have hedged the loans because the AUD can fall a lot lower against the USD, and should do so IMO.

I read somewhere that they have a big Oz mine up for sale because they do not want to spend $200m for a major cutback.

It is going to be interesting to see what happens to the goldies if the USD POG keeps falling but the AUD does not fall or not enough to offset the decline in the AUD POG. A perfect storm for NCM and other companies with high USD loans.

loki