Investors have missed the point, they should of been focusing on the agm ann and the emphasis of NST's increase of production.
When the facts are simple, the directors sold a stake of shares and made lots of ($$$). These were acquired from a foreign investment firm and Australia is an attractive place to invest with its (AAA) credit rating and with the gold prices at a high. Morgan Stanley’s part owner is Mitsubishi Finance http://www.morganstanley.com/about/press/articles/7025.htmlhow you read this is up to you.
With the US and Europe in massive deficits, gold prices long term will be on an upward as its the safest option. The trend for the US/Europe rebounding doesn’t look likely in the short or medium term due to the continual unemployment figures rising. Whenever the Europe and US say recovery things get worst, it’s like person in denial with cancer, they can look and say that they are fine for quite a while but disintegrate very quickly.
Will wait and see what the fiscal cliff does and when Greek defaults than investors flood back to gold more than ever before and the gold prices surges as anticipated.
NST Price at posting:
$1.21 Sentiment: Buy Disclosure: Held
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