Intitutional inverstors and fund managers - esp. super funds - seem to be be targeting NCM as a safe haven play in troubled times.
The Barclay Group has just lodged a substantial shareholder notice with some +22.6 million shares or over 5% of NCM's issued capital.
Expect more of the same in 2009 as the US$ weakens and gold tracks significantly higher.
On track to challenge the all time high ... imo.
Stay the course ... this is not going back to $28 any time soon.
Happy holding this one into 2009.
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