Its called balance sheet optionality - NCM retains a 38% stake...

Its called balance sheet optionality - NCM retains a 38% stake in new entity.

In laymans terms I see it as offloading an asset which must be failing to meet NCM's profitability/size etc metrics. Going forward the focus will be on bringing to production prize assets such as Wafi Golpu - this is the sort of stuff that the majors such as ABX and NCM do all the time. Cracow only producing less than 100k ounces pa - imho don't believe the transaction is a major negative nor positive.

Near term NCM will be more influenced by asx200 movements -long term the gold bull market fundamentals will dicate that NCM will become significantly re rated.

Looks like another trading halt as I type.....