NST

0.06%

$16.23 northern star resources ltd

Thanks for sharing your views. I always enjoy reading your...

First 762 Last

Share
Profile

Follow
swannmex

103 Posts.

45

25/06/19

00:15

Post #: 39216085
Share

Originally posted by eshmun: ↑

"Agnico Eagle is selling at 91 X forward earnings.... insanity"

The whole market is insane. You say it's all about making money. For me its partly about making money but also about self preservation, ie retaining wealth.

If you don't analyse you are simply riding momentum/trends and end up owning the bubble, even if it that bubble has spilled up and over into the gold sector. It's worse for the people buying the bubble, not so bad for the people who have ridden it up because when it bursts it's paper profits they will lose. I'd say if you were clever enough to ride NST up for a +Disallowed you will also be clever enough to say when enough is enough. Happy days for the few who can truely say they have done this with real money on the line. In my opinion NST is well past being sensibly valued. In any case you never win arguing with the bulls who are happy and don't care if things just don't make sense anymore, pretty much the whole yank market for the last 11 years IMO. Print, print, print. That's how it has worked and that's why we are here today with companies trading on 91x earning or even much much worse than that. Very few seem to worry anymore.

Forward earnings of 91x or much worse just don't make any sense. What is happening with that is like what is happening with the majority of the equity markets now, "other people's money" is being sent over the top to run forward on the command of the generals who are sitting back safely away from the sound of the machine gun fire which will eventually start ripping through the flesh and bones of the powerless. When the dawn breaks over the carnage the man on the street will be wondering what happened to their savings invested with the "professionals". The answer will be short and sweet. Sorry it is all gone and there is nothing we can do about it because markets need to make sense, all business need to make sense. All businesses need to be commercial. You can't manufacture returns to shareholders via overvaluations of share prices forever.Esh

Expand

Thanks for sharing your views. I always enjoy reading your posts.

Good luck to all of us.

NST Price at posting: $11.63 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

The winners & losers on market if negative gearing were gone

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

The market's shrugged at China's stimulus measures all year. Why is this one different?

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

There are more pages in this discussion • 124 more messages in this thread...

First 762 Last

Add NST (ASX) to my watchlist

(20min delay)
Last $16.23		Change -0.010(0.06%)		Mkt cap ! $18.65B

Open	High	Low	Value	Volume
$16.21	$16.29	$16.10	$72.51M	4.479M

Buyers (Bids)

No.	Vol.	Price($)
1	684	$16.22

Sellers (Offers)

Price($)	Vol.	No.
$16.24	100528	3

View Market Depth

No.	Vol.	Price($)
1	800	16.160
1	1000	16.150
3	15000	16.100
1	155	16.060
2	2300	16.050

Price($)	Vol.	No.
16.250	20615	4
16.260	30	1
16.270	924	1
16.300	1734	4
16.340	1000	1

Last trade - 16.10pm 27/09/2024 (20 minute delay)

NST (ASX) Chart

Thanks for sharing your views. I always enjoy reading your...

The winners & losers on market if negative gearing were gone

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

The market's shrugged at China's stimulus measures all year. Why is this one different?

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACCC seeks Olam divestments before it can buy Namoi Cotton

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Thanks for sharing your views. I always enjoy reading your...

Top Stories

The winners & losers on market if negative gearing were gone

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

The market's shrugged at China's stimulus measures all year. Why is this one different?

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACCC seeks Olam divestments before it can buy Namoi Cotton

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News