RE:RE:great update, div coming in Sep US.20; production guided upyes fingers crossed, hopefully we get some news this year, NCM agreeing to go to the next level on drilling funding is a positive. Nice pop today. Had a huge slug at US$6.08 today's pop brought my LUG position to 2nd biggest overall, had to trim a little but only because I am retired to mitigate risk. Still have a substantial overall position.
I don't know why NCM doesnt just buy them instead of dealing with Papua New Guinea on the potential Wafi Golpu Au/Cu mine there, although it is substantial. After PNG screwed Zijin and Barrick on getting Pogera up and running again on the lease renewal demanding 50%, and given NCM's partner is weak in Harmony Gold, would rather see that on the back burner. NCM does have its hands full w Red Chris at III and Cadia expansion though.
NCM's buy and positioning here was very smart. Best of luck! Bea