NST 1.65% $14.33 northern star resources ltd

NST bought a lot in the $7s via the buy back... I did the same...

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    NST bought a lot in the $7s via the buy back... I did the same
    https://hotcopper.com.au/data/attachments/6044/6044738-18b1981dc661151de0ee47924cb8de61.jpg

    29/08/2022 to 25/09/2023 NST was buying back... Above $11.817 and it is a no go on the buy back.
    https://hotcopper.com.au/data/attachments/6044/6044728-3cf270d95baf8fead6e02443fcad50b6.jpg


    I think there are better use of cash. Dividend for one. Would not mind reinstating the franking or even better, spend it on growing the company. That's just me though. I have 30,000 NST shares in the portfolio with a holding cost of $5.86 because of all that buying in 2022. I'm not in want of anymore NST share's or accretion via BB, Gold price or otherwise. Just happy to own NST to perpetuity. With that holding cost I'm getting a $5.2% pa yield. That is not bad for a gold miner in any measure. Not to say that the 30.5c pa divvy can't double in the next few years either...

    Last edited by Exised: 20/03/24
 
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