Maybe NST was in a bubble before at $15 or maybe not but either way they are significantly cheaper and with their margins and earnings increasing they now represent good value at a PE of 21.
If you consider their increased resources and believe negative real interest rates and money printing will be a massive tailwind to the gold price like every other time in history then one could argue they are oversold.
The discontent between AUD gold and NST will not last much longer imo
Once investors realise they were distracted by the virus and missed the debt blowup they will flock back to gold imo
Maybe NST was in a bubble before at $15 or maybe not but either...
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Last
$13.84 |
Change
-0.450(3.15%) |
Mkt cap ! $15.90B | |||
| Open | High | Low | Value | Volume |
| $13.81 | $14.08 | $13.70 | $94.67M | 6.832M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 27402 | $13.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.85 | 1067 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |