just Futures expiry PB imo,
wont last, no reason for NCM to be trading here let alone up there, , mine production compression, copper price compression, GOLD AUD compression, resulting in less production credits and then margin compression
EPS will also be lower with major unplanned repairs at Cadia , a mine that was still in ramp up, maybe an attempt at 50dma by the technical guys but I don't think many people will follow them
Forward PE is actually tising as EPS are falling, no div, high risk at this price imo.
Good luck though
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just Futures expiry PB imo, wont last, no reason for NCM to be...
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