NCM have always said that LGL acquisition will be funded from internal cash flows. Debt is low and there's no reason IMO to believe here's a capital raising on the way.
I also agree that 450,000oz times that extra A$100 or so this quarter will be a pleasant bonus.
On 4 May RBS forecast profit to increase from A$483m in 2008/09 to $601m this year. Since they cruched those numbers gold has climbed close to A$100. If May and June average say A$50 higher than RBS assumed then there could be another $15m (2/3 x 450,000 x $50) on top of the $601m.
NCM Price at posting:
$33.35 Sentiment: LT Buy Disclosure: Held