Fair enough TT ... If new guidance reduces (but still somewhat...

Fair enough TT ... If new guidance reduces (but still somewhat improves) earnings, then that might reasonably have an impact. But the current share price looks like they are dropping earnings lower than the current year's! ... Furthermore, a group leader like NCM will likely trade on a higher PE than its industry peers, so still may have a good run ahead of it.

In reality, I'm not expecting it to get right back to "parity", but I am anticipating it will do a fair catch up of sorts and look (relative to its own recent history) pretty good. It wasn't many months ago it was over $24. Gold is now higher or as high and the exchange rate is also favourable, compared to then. It has dropped 20% since, during which time its peers have risen 10 plus % ... Doesn't make sense to me. Looks like a temporary aberration gone to far.
We'll see

Kip