"Not so sure, there's 70% chance it will look like this....."
Skol thinks there is a 70% chance that NST will go down when it gets to the pointy end of the price triangle.
Not according to this chart.
Rather, there is a 70% chance that NST will go up in July.
The average rise through July in the last 10 years has been 9.0%.
In what month would you rather own NST?
The A$ GOLD etf only increases an average 1.5% in July, so NST's July seasonality occurs in spite of a fairly flat gold price in July.
( The big months for the GOLD etf are January (3.0%) and August (2.8%) )
I also note that, barring accidents today or tomorrow, NST have not announced any material events that would invalidate the FY21 guidance that NST have confirmed as late as 4 May.
"On track to achieve FY21 production guidance;
1.5-1.7Moz at AISC A$1,390-A$1,520/oz"
If they hit the middle of that guidance, that ought to be good for a 9% rise in the SP.
Cheers
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Last
$14.73 |
Change
0.210(1.45%) |
Mkt cap ! $16.92B |
Open | High | Low | Value | Volume |
$14.56 | $14.80 | $14.54 | $63.61M | 4.321M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 25972 | $14.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.79 | 3840 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 14.620 |
1 | 156 | 14.510 |
2 | 245 | 14.500 |
1 | 69 | 14.490 |
1 | 71 | 14.450 |
Price($) | Vol. | No. |
---|---|---|
14.810 | 660 | 1 |
14.830 | 5000 | 1 |
14.850 | 1200 | 2 |
14.870 | 1 | 1 |
14.890 | 223 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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