probably some short covering today, definitely seems overpriced, doesn't matter about AUD or USD price, NCM cant / hasnt translated anything into shareholder returns since suspending Div years ago. sort of popped up to the famous 1655 point, this was the number where it failed on the third attempt and we had the monster breakdown to its more resent low....
Im still trying to work out what PE or metrix the valuation currently is, seems insanely overpriced ATM even for the gold price.......still say it will not make guidance...
as for costs down 5PC, yeah, if you capitalise a lot of gold and copper it will look great...........
just got a monster pop with all the fear trade a few weeks ago as the world was imploding, glad I was not involved,,well done to the fast money traders though,,,,ill start here,,,,,shssh starting work,,,boooo
NCM Price at posting:
$15.69 Sentiment: Sell Disclosure: Held
