"Shorting of many stocks may get worse" ...
This may be the case(???), but premium gold stocks like NST have already halved in price and given their revenue source (gold) is only getting better, it is very contrary to expect this situation to continue. Surely the current misalignment can only be temporary...
This environment - inflation in particular - (I think Russia/Ukraine currently is more a distraction to the genuine long term gold price prospects) looks very good for gold and mineral assets. Gold, silver copper quality miners in general could benefit very nicely. If gold goes to A$3,000/3,500 imagine what NST's earnings would look like! They're bloody good already. And they have solid production growth to come as well. What is not to like!!???
Mis-priced Stock, page-460
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Last
$16.82 |
Change
0.005(0.03%) |
Mkt cap ! $19.34B | |||
| Open | High | Low | Value | Volume |
| $16.74 | $16.87 | $16.71 | $40.71M | 2.424M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 10122 | $16.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.82 | 3044 | 16 |
View Market Depth
| Last trade - 14.58pm 17/10/2024 (20 minute delay) ? |
| NST (ASX) Chart |