What's going on with NCM? Even a hedged gold producer shouldn't be going backwards with the soaring gold price.
Maybe some people are expecting a repeat of the bad news from the last report? Maybe everybody thinks that somebody must know something, and are creating a self-fulfilling trend.
The quarterly report is due out next Wednesday. It should be a volatile day for the share price regardless of the report contents.
If it contains good news, then NCM has a lot of catching up to do, and the price should soar. If not, then questions need to be asked about why some traders seemed to know this in advance of the announcement.
NCM Price at posting:
0.0¢ Sentiment: None Disclosure: Held
