NST top tier are anything, but stupid, not saying they are immune to bad ideas or that we will ever see the full spread of implications.
I am saying that they know these new assets, they are greedy and that they had choice of alternate assets.
In the near term, I guess they will focus on the high grades,( which they already had) while the lower grade reserves look good on the balance sheet, they are no more than a bet on higher future Au prices.
Going to interesting to be watch how this plays out next to the DRM story, my only other holding at present.
Entering at 90c was no master stroke, but overall the story is compelling if you think the demand side for Au is at the very least, steady.
Walking past gold shops in shopping mall last night, I see people in Thailand do appear to pick up "Baht" of gold each time they get the cash together.
I should have another buy sitting in low 70's, but, alas "tung mot loa" - no money honey
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15 | 9469 | 13.740 |
12 | 26340 | 13.730 |
12 | 9291 | 13.720 |
10 | 17394 | 13.710 |
Price($) | Vol. | No. |
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13.760 | 5095 | 30 |
13.770 | 9885 | 19 |
13.780 | 13988 | 37 |
13.790 | 6288 | 12 |
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