There is no reason NST should have been down yesterday and again down today if you follow POG and also NYSE listed goldies such as Newmont and Barrick
Respectfully, I think you're looking in the wrong place. This isn't POG driven. It's cost driven
Look at BDC's announcement from yesterday. Sure they're pre-production, but they're talking about costs in WA mining being up over 30% since March 2021 (half a year!!) & forecasting cost pressures to worsen over the next 12-18 months.
They mention a severe tightness in the market for skilled personnel, services and equipment. I could go on..
Yes, again, I know they're pre-production and in a different boat to NST & EVN, but I don't think this means these companies can escape the broader implications of what is happening here..
There is no reason NST should have been down yesterday and again...
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Last
$12.98 |
Change
0.170(1.33%) |
Mkt cap ! $14.91B | |||
| Open | High | Low | Value | Volume |
| $12.82 | $12.98 | $12.80 | $48.34M | 3.750M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11251 | $12.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.98 | 131984 | 3 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |