net debt load 4 142 000 000 = huge risk, page-75

FT,

Good post mate......agreed with you.....good trade.

I dont trust this move up myself.....time and again NCM more than not will come down after a big move up.
But it will move up slowly after 20% drop.

You and SG are concerned re an increase in debt......I think any company which are forced to increase their debt by almost half a billion dollars indicates a weakness in their balance book.....it is certainly a risk I would never ignore.

As POG move ......i was certainlly wrong thinking it is going down more, but we will nevr know if this move up will continue or some short covering or manipulation is going on.....if there is any tapering talk again due to say strong numbers in US gold will certainly goes down again.

Cheers,