I think we are getting pretty close to the low here. I predicted $7.50 as where it was heading & I don't think we will see it much lower than that unless the POG goes for another big plunge of course. It really now is getting in take over value zone. All those reserves, surely someone must be starting to lick their lips. I suppose the debt is an issue as basically doubles the cost of the company. Pay $5-6bln & inherit a slightly lesser amount in debt, you also inherit the future cashflow to of course & this is where POG comes into it.
NCM Price at posting:
$7.78 Sentiment: None Disclosure: Held
