NST 0.06% $16.23 northern star resources ltd

Best looking weekly chart, page-619

  1. 414 Posts.
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    No, if I sold yesterday I would still be entitled to the dividend. Yesterday was the 'dip' as I mentioned previously. As we were up 2%, you could say we were roughly up 4% (minus the dividend). We were up yesterday off the back of the non farm pay roll numbers that disappointed in the US of Friday night our time, which rolled over to Monday. Expected 700 thousand odd new jobs, got in the 200 thousand somewhere. Growth has slowed. This is good for gold when you think of tapering which the fed will more than likely need to delay.

    NST is a growth company, not a dividend play. The dip you are referring to today was across the entire ASX gold sector. Look at NCM, EVN, RRL, WAF. SLR etc. 1% isn't really a dip anyway. Most people who have been involved in this stock long enough have seen this stock swing 8% down or up in days.

    If you follow the spot gold price, a 1% rise in spot gold price will often see a 3-4% rise in gold stocks - and a 1% drop will see a drop in gold stocks such as NST by 3-4%. Although lately NST has not really been running up off spot gold price but has been getting hammered on drops in spot gold.

    Remember NST only hedges 15% of Gold and is on track to producing 2 million ounces, so if you think gold will increase this is a pure gold play.

    Anyway, hold long, don't stress over day to day fluctuations. Probably the most undervalued ASX 50 stock.
 
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