NST 0.69% $16.00 northern star resources ltd

Best looking weekly chart, page-2184

  1. 629 Posts.
    lightbulb Created with Sketch. 148
    Exactly this. For better or worse, investors (large) use other large bank forecasts for commodity prices, which are continuously a bit of a joke. If gold is going to be $1650/oz USD, then i would completely agree that the prices of the miners is probably fair or even expensive.

    The lithium miners went parabolic in recent past because of continual high forecasts from the same banks, which can justify high prices.

    Its compounded by then smaller investors (which i presume most of us are) who hold these stocks for a period then give up because its somewhat rigged and you are better off putting your money into nearly anything else (to speak nothing of nvidia or tech).

    Its not a fun game or sector to be in. I am a big fan of NST and their buy back and wish other miners did the same, demonstrate some confidence in your product/company and at these cheap levels, buy back some shares and keep a bit of a bid present.


 
watchlist Created with Sketch. Add NST (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.