After NST merged with SAR, and Ralph took the money and ran, NST SP peaked at over A$16, then fell to below A$7.50 before rising to above A$15, and then settling, now around A$13.60 ish ..... RED will bounce around until it hits a fresh sweet spot where KOTH production and a favourable gold price align .... until the hedging is finished (June 2026) and KOTH production is optimised, (and assuming gold bulls are correct and the POG is at, or above current levels), the profit of big RED will be constrained and hence the current valuation is as good as it gets .... don't adopt a conspiratorial mindset.
So, if you're a gold bull, and your faith in RED upside remains ..... HOLD and stop worrying about fluctuations
After NST merged with SAR, and Ralph took the money and ran, NST...
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Last
40.3¢ |
Change
0.008(1.90%) |
Mkt cap ! $2.737B | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.5¢ | 39.5¢ | $3.032M | 7.573M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 989897 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 1352990 | 54 |
View Market Depth
| Last trade - 11.37am 09/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |