In the Buy Zone, page-64

First 64 Last

Share
Profile

Follow
volfenator

177 Posts.

14

27/07/22

18:02

Post #: 62761353
Share

Originally posted by Exised: ↑

I hold a small RRL free carry for a decade or so now. Post #:60843013. RRL is my oldest goldie. After the Normandy era then Lihir Gold acquisition by NCM there was no other worthwhile goldie than RRL. Such a different landscape these days, a gold miner investor is spoilt for choice really. I think the SP is doing well considering the McPhil approval issues. AF (of FMG) is not done with it yet I don't think.

I had a massive trade on NCM right after Covid March Madness of 2020. Which ended when NCM could not break above the 38.92 resistance. Post #:45029403. This time I'm going for the long haul if I get it for the right price. NCM ticks the 3 boxes below:

1. little to no debt
2. increase production at little capex (through acquisition of a struggling competitor mainly),
3. profitable operations that can pass on cost to customers (miners should be half way in achieving this as Commodities increase in line with inflation. The other half is if they can keep their cost down. In a high inflationary environment AIC/AISC is king, not production volume)

Until lose monetary policy and cheap money rains again then it is best for an investor to confine himself to the shares of companies with a long record of profitable operations and in strong financial condition.

Plus I already own to much NST and EVN

Expand

yep I picked up some RRL on the bottom recently

NCM Price at posting: $18.51 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Bitcoin investors need to know the risks

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

ASX hits all time high out the gate on Friday trades following bullish US inflation data

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

There are more pages in this discussion • 236 more messages in this thread...

First 64 Last

Add NCM (ASX) to my watchlist

In the Buy Zone, page-64

Top Stories

Bitcoin investors need to know the risks

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Nimy to raise $1.21M to explore 'newsy' WA targets

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Immutep reports strong response rate from immunotherapies treating carcinomas

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Featured News