In a hypothetical world where NST would rise in a trend over a period of time from $1 to become a $9 gold mining juggernaut on the ASX, all things equal, the move from $3 to $9, a 300% move, will take around as long as the move from $1 to $3, also a 300% move.
Today NST went up by 13 cents, which is reasonable compared to its historical volatility and stock price of close to $3. I remember when I was holding NST when it was down to 90's in late 2014, it was much rarer to see a 13 cent move. The gains in a trend come faster and faster because stock prices move exponentially.
And that's why in a trend it's a good idea to hold.
I doubt NST will get to $9 unless POG goes to $2k, I used the number because it was more convenient to mirror the 300% move we already had. Let's see if NST can hold a $3 level first.
Held sentiment - it's hard for me to justify buying at triple the prices I did previously....................
NST Price at posting:
$2.99 Sentiment: Hold Disclosure: Held
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