Just perusing October announcements/reports for Northern Star v...

Just perusing October announcements/reports for Northern Star v Tribune

Some key side-by-side observations are

NORTHERN STAR

1. Increasing Costs
2. Diminishing Reserves
3. Overseas Operations - POGO is a disaster with with failure to reach forecasts and more bad news to follow
4. Executive Chairman - $2.23M + $2.9M in performance rights = $5.5M (this is astonishing but in 2008 it was $7.4M!!!)
5. Insider Trading - Executive Chairman stockholding has reduced 70% in the last 3 years
6. Revenue Growth - 2018 Y-O-Y 11% (I forecast this to be negative in 2019 with POGO downside)
7. Market Performance - 1 Year 17.5%
8. Share Price - increasing volatility (IMHO overvalued)

TRIBUNE

1. Diminishing Costs (- except at the EKJV where their partner NST have inserted themselves as the Mining Contractor)
2. Increasing Reserves
3. Overseas Operations - Africa and the Philippines are very underrated deposits. TBR just need to navigate the political landscape to make massive shareholder returns (IMHO)
4. Executive Director - $383K (must be a record low for a performing stock on the ASX)
5. Insider Trading - Executive Director stockholding remains steady
6. Revenue Growth - 2018 Y-O-Y 32%
7. Market Performance - 1 Year 52.4%
8. Share Price - low volatility (IMHO undervalued)

Why does the market treat NST as a darling and TBR gets very little attention. Is this the result of simple PR and marketing? From where I sit I see TBR as an organisation that adheres to fundamentals of business - simply reduce costs, and maximise profits.

With the US-China divide, for me, Gold is the historical safe haven to retreat to. I am considering taking a holding in TBR as I feel confident they have a low downside due to such cost controls. Am I missing something?