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
$16.96 |
Change
0.710(4.37%) |
Mkt cap ! $19.50B | |||
| Open | High | Low | Value | Volume |
| $16.61 | $17.10 | $16.41 | $35.00M | 2.082M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 215 | $16.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.97 | 4684 | 27 |
View Market Depth
| Last trade - 15.10pm 19/11/2024 (20 minute delay) ? |
| NST (ASX) Chart |