NCM 0.11% $28.31 newcrest mining limited

T/O target now that AOR unlikely ??

  1. 15,959 Posts.
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    NCM - several big cross trades this morning (2 X 250k). With AOR take over now unlikely, the focus and speculation may fall on NCM which is the next most obvious target.

    When the take over premium and gold price were higher a few months back, NCM was touted to be "worth" $7.50 - $10.00 or more (after the Telfer upgrade). If the US markets and USD continue to slide (I believe they have further to fall) then gold may well come roaring back. In this type of environment NCM and CRS are the most likely targets IMHO. Any comments on a move on NCM or other gold stocks??

    Regards

    H (Despite the gif I do follow and invest in stocks other than HDR - but its the only one I have fallen in love with - which is dangerous I know)

 
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