It is interested to read the early history of NST and the biggest backers of Raleigh Finlayson and his embryonic team (sub $1) were David Paradice funds and Van Eck gold Funds
they rode NST up from the early days to the dizzy levels leading into the big merger where things started changing
interesting to note that Paradice Funds is now also one of the largest shareholders of OBM these days … I assume because Luke Creagh help make him so much money on that earlier NST bet
small to mid sized fund managers are ‘stock pickers’ and take little notice of ‘index weightings’
so much of of NST register will be held by Index Funds these days
performance fund managers however take particular attention to the track record and quality of management, organic growth potential, and safety of financial outlook and balance sheet.
i suspect David Paradice sees OBM as having the potential, in fairness time, to grow to be the next significant ‘Star’ in the Aussie gold gold mining sector … let’s watch and see if he is going to be right (again!).
the re-set of the GDX indices this weekend may see numerous changes … including Van Eck able to start accumulating some OBM too
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)