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06/09/11
15:13
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NCM is still trading below $40.00, a price a hedged NCM first reached as gold went over US$1000 early in 2008.
Gold is currently around US$1912.00 and A$1820.00.
In the June quarter NCM produced 700,124 ounces of gold and received an average price of A$1409.
Similar quarterly gold production receiving A$1820.00 increases cash flow in just one quarter by $288 million.
Watching the NCM share price being consistently hammered down is like watching "The Theatre of the Absurd ..."
It's only a matter of time before NCM shorters are going to get burned - very badly burned to ashes imo.
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