NCM 0.00% $23.35 newcrest mining limited

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  1. 13,169 Posts.
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    First month of the new qtr and the price of NCM's goods have risen strongly in value

    Deal done/ confirmed today with LGL so the hot levered money is coming out along with forced selling

    Shorts having an excuse with the Commumist TAx hype which in reality wont become law if at all for a year or more.

    Bidding war seems unlikely and deal was lifted only modestly to get the hands on the resources which diversifies NCM operation away from the Commo Tax

    Gold rallies and approaching $1300 aud as the Euro Crisis contunally gets pumped causing ppl to reallocate out of the Euro..

    Looking for a bounce as alittle more rationality comes back after the shocks.....

    NB This theory may expire in 10 seconds :)

 
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