Ann: FY2016 Full Year Results Presentation-NST.AX, page-24

Some very good results recently making me feel that it's business as usual for this company. To rationalise the recent price slide from around $5.88 to $4.36 (a healthy 25% pullback), I think there has been 3 factors triggering this
(1) Short term profit taking from the large bullish/momentum move from $3.00 to $5.88 earlier this calendar year which with hindsight could not be maintained without a correction.
(2) Some recovery in the major stocks such as BHP, NAB etc resulting in some funds moving from gold stock to these major stocks. I do however think the moves in BHP, NAB will be relatively short lived.
(3) Price of Gold losing it's momentum and trading now in a tight range, although still at a healthy AUD$1,750oz so in theory should not be a key factor to NST's correction.

The current price of $4.36 I feel is much more sustainable price level where the next leg up can be developed from this level.

My 2 cents for the day !!!