This t/o of NCM is so typical of Australian resource companies. The US hedge funds and large banks drive the price of the commodity and sp down, we take all the pain of the last few years and then those same entities come in, buy us out just in time for the bull run to continue, giving them all the upside.
How the board of NCM and Australian government allow this to happen is just beyond me. Gold is going to be critical going forward. This is highlighted by the majority of the world's central banks buying gold in recent times. And here we are, not only following the US down a beep dark hole but handing our most valuable assets to them for next to nothing.
WAKE UP AUSTRALIA!!!!!
NCM Price at posting:
$27.07 Sentiment: Buy Disclosure: Held
