I was hoping for a special dividend for 30Sept. However the $155m stamp duty payment in Jul22 (for the Northern Star/Saracen merger) might cancel that. CapEx was high in Q4FY22. High again for FY23. Given stated parameters for a dividend, I'd expect 12c. Tonkin did sound upbeat at the last Conference Call when queried on it though.
Its not hard to see that
the share price of all Gold Equities are charting inverse to the DXY chart. Similarly, the US$PoG is inversely following the DXY.
While the US$PoG hasn't changed much from 12 months ago, the DXY has increased nearly 20%.
The DXY is back up above 108. It got to 109 the other day.
Many commentators were talking about the DXY hitting 120 a few months ago. It was heading in that direction before a G7 Finance Ministers meeting. The DXY retreated to under 105 after that.
A more accurate guide to the PoG, is to view it in a commodity currency like the A$ or Canadian Loony.
While the US Fed keeps raising the Federal Funds rate, the DXY will keep rising ...
until something breaks. The recession definition, inflation and unemployment rates are a sham of disinformation. The real estate market is crumbling. Its a Jenga stack and when it falls, the US Fed will have no other choice but to QE. The US$ will crumble, at which point the BRICS+ world reserve standard will issue.
NST's current P/E of 7.41 shows it to be conservatively priced. Average P/Es are down from 23 to 20.
There aren't just dark storms clouds on the horizon ... its a freakin hurricane.
What to do?
1. Keep 3 months worth of cash under your mattress;
2. Invest in precious metals equities;
3. Pray
Cash is trash, I reckon. The Banks will seize up, as Powell looks to a controlled demolition of the US/World economy. China aren't locking down due to COVID. Each country will introduce their own CBDC, China already has. International trade is the query.
We're seeing a Clash of the Titans with US Oligarchs pitted against WEF Oligarchs, up against BRICS+ Oligarchs.
All 3 groups have Gold. They could all agree to revise the value of Gold to US$100,000po and all debts would be effectively wiped out. Emerging economy debt could be forgiven and the whole world starts over.My money is on Europe being the first to go. The Italian elections in September could lead to an Itxit. The EU would fold. The energy crisis already weighs.
Hopefully the Oz Government will pay us somehow when they nationalise the Gold mining industry. I understand in Weimer's Berlin, 4 ozs of Gold could get you a swanky home there. How about a home in Sydney for every 1,000 NST shares? Homes will be as cheap as chips in a nightmare scenario. Unsellable.
AIMHO, of course
(20min delay)