NCM are really on the treadmill at the moment. Certainly running fast but not getting very far.
Minimal impact on net debt and yet continual resource depletion. And this is after cutting cap ex to bone. Capex has to turn back.
They really need AUD gold to be a few hundred $$ more but without the currency fall which makes debt increase. Reporting in US is one way of making the debt look better - lipstick on a pig??
Nice one for the shorts!!
NCM Price at posting:
$11.03 Sentiment: Sell Disclosure: Not Held
