Another dump of futures to crash the spot price now happening. They really want that POG lower. Many things at play here with one of them to drive distressed gold miners to hedge forward supply at low POG.
Anyway, NST is in a prime position to benefit from the dislocation of goldies to come. Just bide their time and then time their bid. I cannot dismiss that the forces at play might turn around the POG in the near future, but I doubt it.
Cheers
Ann: Quarterly Activities Report - June 2015, page-25
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Last
$16.54 |
Change
-0.010(0.06%) |
Mkt cap ! $19.01B | |||
| Open | High | Low | Value | Volume |
| $16.41 | $16.71 | $16.39 | $62.53M | 3.779M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1004 | $16.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.54 | 11772 | 1 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| NST (ASX) Chart |