NST 2.54% $13.80 northern star resources ltd

how fortunes are made ..., page-20

  1. 453 Posts.
    lightbulb Created with Sketch. 1
    well the situation has changed hasn't it.

    i was betting on a company mining 100k ounces per year, increasing its reserves from exploration, and paying a div.

    now i'm betting on a different type of company looking to mine 350k ounces and paying no div.

    if there was no capital raising, i would think we'd be at 1.05, not 0.89

    the big question is "what are they going to try and buy next?"

    it reminds me of oxiana.

    so i've cut my bet by two thirds.

 
watchlist Created with Sketch. Add NST (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.