Esh, where do you think gold will trade in 2020?
I think NST has taken prudent steps to try protect the hedges (not sure that is done deal) as if the mines shut down they would be stuck buying gold on the market which would further push the gold prices up if more gold miners were forced to buy on the market and sell into the hedge. This is one reason I like RRL as they have no debt, cash on hand and flexible hedge as far as I understand.
Also astonishing that other stocks (not gold related) are rebounding so strongly. I mean some of these businesses are almost totally shut down.
This is only in my opinion, not offered or to be taken as financial advice. Not recommendation. Do your own research.
Can't see NST holding its share price, page-310
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Last
$16.90 |
Change
0.650(4.00%) |
Mkt cap ! $19.42B | |||
| Open | High | Low | Value | Volume |
| $16.61 | $17.10 | $16.41 | $71.23M | 4.222M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11438 | $16.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.90 | 22879 | 3 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| NST (ASX) Chart |