I think this correction is LONG overdue...
Gold has stayed stable within a tight range; so that's not the reason for the selldown.
A lot of small gold producers which previously had decent margins at 1600oz gold, suddenly find that fallng production figures lead to an increased cost... RMS being one... but many smaller one's face the same issue if the few 4C's I have glanced at are representative.
Personally I am glad... if NST drops to 60 cents without any fundamentals changing then I will probably get (even more) heavily into it... as it is its my largest holding.
In a year's time we may be back around 100 or maybe 120... or we may be around 70 to 80... it all depends on what this young management team achieve.
Hopefully they have built up enough of a reputation to have a say in any corporate action that takes place over the next 6 to 12 months.
I think this correction is LONG overdue...Gold has stayed stable...
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Last
$15.00 |
Change
-0.070(0.46%) |
Mkt cap ! $17.23B | |||
| Open | High | Low | Value | Volume |
| $14.95 | $15.16 | $14.94 | $52.88M | 3.522M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13788 | $14.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.01 | 9267 | 3 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| NST (ASX) Chart |