Well, it seems A BARRAGE OF BEARS have shown up in the NST forum. Very interesting how this coincides with the timing of NST short volume increasing by 10% in one month. Almost like sophs and funds are trying to steal our shares cheaply, with one last poster suggesting the SP will reach $6 (LOL)
So I don't see NST holding its share price unfortunately - I see it as probably hitting $20+ by the end of 2021 with continued bullishness from there, and here's why:
- Gold price showing stability above $1800 US (license to print money for NST)
- High chance of hyper inflation coming once productivity returns to normal (what happens to gold during inflation and recession?)
- Merger synergy unlocks value of in $bn and puts NST into ASX top 20 (think the funds sees this and are using this as one last shake to load up)
- Company is set to continue to ramp up production, and with gold price trending continually upward (decades) this is SAFER than houses - the implication of this? Well, why would anyone sell?
- HY reports and significant profit increases for both NST and SAR saw huge increase in buying in NST. The two mornings following the latest HY report, NST opened up +4-5% each day, but is purposefully being sold down by big players by closing in order to suffocate the SP
This is all IMO. You should DYOR. I'm just a muppet on the Internet.
Would love to see a WSB short squeeze here - I despise the concept of shorting.
GLTAH.
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Can't see NST holding its share price
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Last
$14.33 |
Change
-0.240(1.65%) |
Mkt cap ! $16.47B |
Open | High | Low | Value | Volume |
$14.58 | $14.69 | $14.32 | $54.59M | 3.795M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 667 | $14.33 |
Sellers (Offers)
Price($) | Vol. | No. |
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$14.35 | 10216 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 2009 | 14.310 |
4 | 11274 | 14.300 |
1 | 160 | 14.280 |
1 | 210 | 14.270 |
2 | 2170 | 14.260 |
Price($) | Vol. | No. |
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14.480 | 4200 | 1 |
14.490 | 1391 | 1 |
14.500 | 6000 | 1 |
14.550 | 610 | 1 |
14.580 | 1000 | 1 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$14.33 |
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Change
-0.240 ( 2.12 %) |
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Open | High | Low | Volume | ||
$14.62 | $14.62 | $14.33 | 564535 | ||
Last updated 15.59pm 03/05/2024 ? |
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