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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Well, it seems A BARRAGE OF BEARS have shown up in the NST...
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