"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
$13.43 |
Change
-0.280(2.04%) |
Mkt cap ! $15.43B |
Open | High | Low | Value | Volume |
$13.59 | $13.65 | $13.28 | $45.09M | 3.359M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 99022 | $13.42 |
Sellers (Offers)
Price($) | Vol. | No. |
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$13.43 | 3405 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 3305 | 13.360 |
1 | 1000 | 13.350 |
1 | 3006 | 13.300 |
1 | 1218 | 13.290 |
1 | 942 | 13.280 |
Price($) | Vol. | No. |
---|---|---|
13.440 | 1000 | 1 |
13.450 | 13350 | 3 |
13.490 | 200 | 1 |
13.520 | 2300 | 1 |
13.550 | 8250 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$13.39 |
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Change
-0.280 ( 1.81 %) |
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Open | High | Low | Volume | ||
$13.60 | $13.60 | $13.28 | 633377 | ||
Last updated 15.59pm 14/06/2024 ? |
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