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28/05/02
14:37
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re: NCM to rich for me (& CSR)
NCM has had two years of charting consolidation and should reach its target in excess of $8.50 in the near future.
Despite its constrictive hedging policy NCM has reserves ..ansd reserves ... and reserves.
And, over time, hedging policies change - nothing is immutable.
I like NCM ... I had NCM ... but I sold NCM to buy AOR.
When AOR "goes" NCM may still be well worth a look.
We just don't have that many gold majors left any more.
CRS is rapidly moving up the ranks and is still my pick in the long distance race.