imo its got nothing to do with usd gold price - ncm is aud gold...

imo its got nothing to do with usd gold price - ncm is aud gold price - which has held steady

ncm is selling off because of the Barrick Gold merger offer for Newmont

Its been publicly stated that NCM would be the likely buyer of non-core oceania assets from such a merger - so everyone is getting out now after
a stellar run ahead of risk of big dilution. 

NCM is cheap and huge production but lacks production growth profile - they want to buy 1-2 assets that will change that

same reason GOLD (barrick's stock ticker) is plunging on nyse - the merger on current terms of offer would seem unlikely to get interest from newmont shareholders - but market isnt going to take the risk

i sold my NCM at 25.38 for this reason

stock fundamentals remain great.  but its clear a deal making frenzy is shaping among gold majors - so highly likely NCM will feel compelled to buy something - because corporate boards are stupid that way