The sell off this arvo relates to disappointment from those short term focused players expected more from NCM - nothing more announced hence hit the sell key - an understandable reaction.
LGL will be back trading above $4 by the end of the week - again IMHO any short term weakness is an opportunity to accumulate.
Lets not forget initial deal was made with the gold price some $70 an ounce below these levels!!
newcrest sweetens takeover bid for lihir , page-16
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