Emklein, surely you didn't buy in to NCM for the dividend!!
The reason I'm in is because I like the picture on page 24 of yesterday's investor presentation. Planned production increase from 2.7Moz to 4Moz by 2016 funded largely from cash flow. I'm happy to see my "dividend" reinvested for me by the company to acheive that.
I guess the extra 1.3mMoz might be worth at least $500/oz on the bottom line = at least $650m increase in profit. Ok by me.
NCM Price at posting:
$40.40 Sentiment: LT Buy Disclosure: Held
