Agree, directors of NST recently purchased a large amount of shares on market.$2.70 is never going to happen.
The company it not in distress, the share price is.
AUD Gold Price is still above $2400/oz
This decline in price is sentiment driven, not a result of operational or fundamental issues. If anything the fundamentals are stronger than ever with diversified income from 2 operations, so things like adverse weather, mechanical or lost time due to injury will have less of an impact.
The first set of results from Tropicana had a high $2200 AISC due to the costs associated with the cutback.
There is a planned shut down at Duketon, but this will be somewhat mitigated by a full quarter of production at Tropicana with a forecast AISC of around $1,200 per oz.
The December quarter, with a full 3 months of production across Duketon and Tropicana are when I believe the market will take notice.
$2.70 is never going to happen.The company it not in distress,...
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$1.76 |
Change
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Mkt cap ! $1.325B | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.79 | $1.75 | $4.830M | 2.742M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 71476 | $1.76 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.76 | 1005 | 2 |
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