Serious in my own mind to say sell it all the way from 42...

Serious in my own mind to say sell it all the way from 42 z

bonkers enough to suggest it would need capital when it was at mid twenties and it did, in the form of a bond issue which it said it would never need as it would pay from cashflow, a bond issue done at above paritywith usd.....

Bonkers enough to suggest that costs were out of control not just at lihir

Bonkers enough to remind you that many before you with the same idea said it was irrelivant about the div,,,,,doesnt matter about not being cashflow positive, doesnt matter about the gold price,,,doesnt matter than telfer which hasnt really fired is ignored,,,,,doesnt matter about debt,,,,,doesnt matter about missing forecasts,doesnt matter if its plans to return more funds to shareholders but then cancels the final div as it needs to service debt it never needed, doesnt matter that margins are being squeezed and that some operations are losing money or getting close......why do you think they are taking writedowns, reviewing operations, closing offices, sacking hard working employees and contractors,,,,,,cause its going well?

If the div is irrelivant,,,,,,,,,,,and the companies own resent forecasts are out the window as pogaud is lower,,,and copper and silver lower,,,and they are cutting to survive,,,,and the majors that were going to takeover ncm are also looking to get out of aussie gold. Mines,,,,,,,its nothing more than a trading stock,,,,,a game where someone thinks someone else will buy it off them

Gold headline great,,,but aud climbes and pog AUD falls away...

Tell that to the huge number of people holding on up high,,,way way way out of the money,,,,,,,,,,,,do they care that there is no DIV whilst they wait and hope,,,,,,,,,,,,,,we buy ncm now because one day it will go cashflow positive, we buy it whilst it pays down debt,,,we buy it because of what now?......we pay 20 or 30 PE for a stock which has cancelled its div ,,,we buy a mega cap ozzie stock that is not cashflow positive becasue its a ripper of an investment why?


You want to push the price for something with no proven results on paper, push it because ncm is now forecasting it will go cashflow positive in 2014.........

Good for a short term trade maybe,,,,,,lbut if you think thats an investment,,good luck,,,,,,relax