re: why - ncm down ? Thanks guys for the posts. Great stuff .
Very interesting stuff there stockanalyst1, I would take it you mean NCM ???? it would be a big pop ......lol
Furthur info gained it is their hedge book that is causing the weakness in NCM. My guess would be a few large insto (wish I knew who ) have been a large sellers this week after the results come out.
The $484/oz price for the Dec 02 qtr just shows what a crap hedge book they are sitting on. Still having brought nearly a year ago, I am still in black but no where near as much as I would have expected.....(read into that hope....)
This weakness may last another week or so until they have finished selling, than price may stop going down.
Cheers
Muzz
LHG
unknown
