time for some squeezing I feel, freeeee cashflow increasing without question, its underperformed despite delivering 400PC increase in earnings and cessation of assets writedowns. pog aud and copper AUD better again that last qtr which saw solid improvement in terms of pricing
1655 the old GFC low target remains. Like I said on the way down, if it break that it goes all da way, which it did, same applies imo on the way up, but we have to get there first.
Frist stop is to challenge the huge number of shorts that are being eroded at 15-16 that are spread across next QTR.
Time will tell, can easily hit 1655
NCM Price at posting:
$13.90 Sentiment: Buy Disclosure: Held