I think there are several reasons why NCM is trading under its converted value for Newmont besides the + 1.10usd dividend. Firstly there is no sign of a superior offer and the deal looks as good as done. Secondly, The upside is marginal for thr next few months so investors like me who entered at $17 were happy to get $30 and move on. Thirdly is the real probability that gold trades sideways but the Aussie$ gains against the USD. This will erode any value in the current offer due to currency risk. As I said in a previous post when NCM was around $29.60 I think shareholders should consider their position and consider moving onto stocks with a better upside. GLTAH and my apologies to LT holders who have indeed been short changed with this deal.
