Bit of delay in coming back; had to actually do some work. Anyway, the team at NCM wouldn't be drawn on comments on individuals but they did find it amusing that the new MD was talking up his involvement in their Namosi (Fiji) project in his experience. They commented that the project had more than a few problems on various technical, logistical and regulatory levels that should have been foreseen and was not a shining example of the NCMs ability.
I'm seeing nothing in the Company announcements or SP performance that changes my increasingly pessimistic view of RNI. It seems to be an old boys club (although I do have a lot of time for AT) and a comment made by a colleague seems worth sharing:
"......a group of coat-tailers rapidly proving that's all they are'.
Ouch!! Harsh? I'll let time & you (the market) be the judge.
Hope I'm wrong.
AUR Price at posting:
8.0¢ Sentiment: Sell Disclosure: Held
