The whole gold sector isnt doing well at the moment with softening prices and increased cost. Profits are down.
Also prehaps the fact they are taking over DCN which has arguabaly a very crap main asset doesnt bode well for the comapny.
people on hotcopper love ranting about how there are shorter targeting their stocks. When generally shorter are smart money from big instos betting against failing companies that are already sinking. So they are a clear target for shorts, because they are losing loads of money and have no way out.
I held NTM and watched their assets get wasted here by poor management on an already sinking ship.
any company taking on old dcn assets id be steeering well clear of.
DCN Price at posting:
8.7¢ Sentiment: Sell Disclosure: Not Held