This company needs its debts paid off totally and management shown the door imo, and I cant see one without the other,,,,,,,,why would people give them billions to have another go when they have exponentially expanded the register size for no return for shreholders,,,,,,,,,,,Time has proved that NCM forecasts for Gold price expectations wrong, hedging wrong, cashflow forecasts wrong, production growth forecasts wrong, dividend forecasts wrong, cost forecasts wrong, debt requirements wrong.................
they have called the markets bluff using shareholders money,,,it looked good for about two weeks, but now, with more time,,POG AUD along with other metrics has weakened its cashflow even further,,,,,,,,,,,,,,,,,the only thing that is constant is the daily interest on 4.6BLN worth of debt (assuming fully drawn)...........
One bad announcement on production or costs being higher this QTR should be good for another leg down....
9.06...........for what
NCM Price at posting:
$9.06 Sentiment: Sell Disclosure: Held
