Recent Gold M&A in Australia - Big Premiums on Acquisitions, page-49

Not lately I did have a bit of a look NCM owns 9.9% I am assuming your question is genuine - maybe the more pertinent question is who was buying these lows... guess would have to trawl through some broker data to get an idea - my post was swiftly taken down -
My post was in response to someone that is procrastinating when to buy back - my reply was how low can it go from here - given the amount of proven resource -

There seems to be a lot of speculation happening here as to some sort of takeover - whilst I enjoy the commentary - it is speculation - I tend to think that the management have held on through thick and thin to this point - so not sure if they will just give it up that easily when you sit back and think about all the maneuvering and planning they have done to date - through some very low points -
The other point is that the Gold price has also been dumped - which in my opinion enabled the selldown - any lingering supply would have been shaken out - thinking we have possibly found a bottom here however it needs to climb back up through a few levels to regain confidence currently -