However good BB is I wouldn't gear to purchase NST until it had two operating mines... and even then I would only gear to a level where earnings could support paying a dividend with one mine being offline for up to 3 months.
Over the past two years there have been water shortages and fire at the mine.
At the time people didn't think BB would achieve much so the effect on the share price was somewhat muted even though cash generation and production levels were not too far off. At these levels if that same fire happenned today the share price could easily drop by 50%.
nst - a positively geared investment, page-9
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Last
$15.89 |
Change
-0.080(0.50%) |
Mkt cap ! $18.26B | |||
| Open | High | Low | Value | Volume |
| $15.80 | $15.91 | $15.71 | $48.82M | 3.083M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 269 | $15.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.89 | 15920 | 3 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| NST (ASX) Chart |