Accumulated a nice position in LGL over a 12 month period , expecting LGL to be the next mid tier to be taken out. In hindsight quite a good decision. So a NCM shareholder by virtue of its LGL acquisition - guess I have become impatient with NCM this year given NCM's lack of leverage to a rising gold price. Get your point re options in NCM and its obviously working well for you.
I think staying patient in NCM and looking to add on the dips will be a highly profitable statergy over the next 6 months - I see 50%+ upside over this period.
Nice to see NCM trading strongly this AM - perhaps this is the week we start to see some robust short covering?
NCM Price at posting:
$40.01 Sentiment: Buy Disclosure: Held
