Can't see NST holding its share price, page-416

I think you are right on the money unless there is a marked increase in the POG.
Come July when the beguiling Bill Beamont hangs up his boots or has them hung up for him, there will be a hole rivalling the size of the Superpit in the marketing of NST. If the NST board then reports on actuals rather than blue sky, there will have to be a substantial revision of the P/E.
While BBs technical skills and risk taking raise questions in my mind, his ability to promote NST has complemented by the North American pirates cannot be under-estimated. Lots of SHs have done well during this period. Newcomers will be fortunate to get through this year without major downward revisions. IMO short selling will be ongoing.