NST 0.64% $14.06 northern star resources ltd

Can't see NST holding its share price, page-141

  1. 1,053 Posts.
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    @eshmun

    Appreciate your attention to the fact that I have a young family and that I should not be speculating. I can assure you that I have not dumped much into NST. I agree with you that there is still potentially quite a way away to the bottom should the contagion continue. That is why I am merely back but not with a vengeance at all. My reason for some optimism across the gold mining industry is the oil price having been obliterated in the past week and a half and this provides amazing tailwinds for operations of well-run mines going forward. I do understand the spectre looming over a lockdown that may cause mines to be put into suspension. That one is not insignificant a risk.

    Thus, I think those giving Eshmun a really hard time should not throw some of his calls out completely. Perhaps he says some things that may not be welcoming to hear. However, I think there is value in exercising some caution. Do not jump into this market head first and dream of a lightning fast recovery and a freeway to riches. I suspect it will grind a bit and some will be despondent before they will be jubilant.

    Meanwhile, I am merely quietly confident.
 
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