NST 4.29% $13.86 northern star resources ltd

Best looking weekly chart, page-1155

  1. 2,339 Posts.
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    i understand your concerns but if you are bailing at this point, you might not have invested with the right thesis or timeline to begin with. Or your risk profile is not suitable for mining stocks.

    To be in NST (and other Goldie’s and commodities), you need to first have a strong personal belief (not a tipsters newsletter), that this is the right sector to be over the next 3-5yrs. Then you need to have done the research to realize NST is a leader in the sector and set up extremely well (tier 1 jurisdication and deposit, minimal debt etc). Last you need to have a timeframe to accept volatility. If you have all this you have a great chance of seeing big out sized gains here over the next 3-5yrs. If you are lacking any one of these factors (which is totally fine everyone is different), then this is not for you and you would sleep far better selling out and moving to fixed interest.

    I personally believe any investor selling out now is crazy, unless they are just trying to trim their position on a small pullback and add back in the 9s. Which is a fair strategy but really chump change in the scheme of things.

    if you want leveraged exposure to an upward move in gold, in a safe cashflow positive major, this is a great place to be in the medium term.

    best to all



 
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