Im a long time investor in NST. I used to be quite active on this forum. I went dark when it got silly.
Im puzzled at the very benign price movement in NST relative to the gold price. Gold is up A$500 per ounce since NST traded around $12.
rough maths.
lets say they are on track to their 2M oz per annum target.
2M * 500 = 1bil per annum.
lets say that this is worth a 10 multiple. That should add 10B to valuation. 1.1B shares on issue = $9 in added share price e.g. $21.
Similar math on EVN.
What is going on? What am I not seeing?
First post in a few years
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Last
$14.16 |
Change
-0.020(0.14%) |
Mkt cap ! $16.27B | |||
| Open | High | Low | Value | Volume |
| $14.15 | $14.31 | $13.97 | $60.31M | 4.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13905 | $14.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.20 | 17425 | 1 |
View Market Depth
| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| NST (ASX) Chart |