Best looking weekly chart, page-1271

Yes, it is a bit strange with timing, when the share price of NCM has appreciated so much the past 6months, but a lot of these large companies have experts in the finance and economic world on the payroll. Or at least outsource the financial due diligence to the specialist companies. No doubt months of risk assessments and research go into it all, with all economic and geopolitical aspects involved. Then the board get the report handed to them, make a decision on the risk and benefit to the company, then make a decision on behalf of the shareholders.
Buying out a company at the lows, often associated with lower than average gold prices and other negative factors is high risk. It could lead to overcapitalising and harming the companies bottom lines if the AISC is not at the right place.
Right now the experts may be thinking the current gold prices are low in regards to future expectations and it could be the prime time to acquire a company. Especially if gold prices advance and the companies share price may get further inflated.
Imo it seems to be a great time for companies to make some moves, the gold price has fallen back a little but is still in an overall uptrend. Plus there are countless geopolitical and economical issues ongoing, destined to be positive for gold prices.