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?
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Last
$14.57 |
Change
0.140(0.97%) |
Mkt cap ! $16.74B |
Open | High | Low | Value | Volume |
$14.61 | $14.88 | $14.50 | $43.31M | 2.955M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10559 | $14.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.69 | 18129 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10559 | 14.560 |
2 | 42235 | 14.540 |
1 | 6865 | 14.530 |
1 | 6188 | 14.520 |
1 | 2159 | 14.510 |
Price($) | Vol. | No. |
---|---|---|
14.690 | 18129 | 4 |
14.700 | 16565 | 2 |
14.720 | 10559 | 2 |
14.730 | 12362 | 2 |
14.800 | 100 | 1 |
Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$14.64 |
  |
Change
0.140 ( 1.90 %) |
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Open | High | Low | Volume | ||
$14.64 | $14.88 | $14.51 | 523628 | ||
Last updated 15.59pm 02/05/2024 ? |
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RDN
RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
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