The reason why I originally invested in NST was because of the success of Paulsens and a pure gold play. I think there is no doubt that had they stuck with focusing on Paulsens alone and not do that capital raising the share price would be rising considerably faster with a smaller number of shares and the extremely good Internal Rate of Return of funds employed just in Paulsens. The Copper transaction no doubt will generate a far lesser IRR then Paulsens (unless we are lucky again) therefore a larger NST will now experience slower (but probably still an acceptable) SP growth over time.
In terms of risk however this is probably the trade off. I have not done enough research on the copper deposit/transaction to assess whether it is a "dud" or has real potential. I suspect it is high risk at this stage. However look at it from overall risk, NST is derisking itself from being a single mine gold producer to potentially being copper producer, Paulsens and Ashburton Gold producer (3 mines in total). This would makes a water problem as experienced recently in Paulsens less significant in a 3 mine company. Exposure to both Gold and Copper also derisks NST from being a single commodity company. I like both Gold and Copper. Good to see today's SP recover to 67cents pre announcement price even on the back of a lower gold price !!!!
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Last
$13.96 |
Change
0.080(0.58%) |
Mkt cap ! $16.04B |
Open | High | Low | Value | Volume |
$14.01 | $14.11 | $13.90 | $45.25M | 3.236M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8578 | $13.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.97 | 5507 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6917 | 13.950 |
1 | 6235 | 13.940 |
1 | 2023 | 13.930 |
2 | 1006 | 13.920 |
1 | 10000 | 13.900 |
Price($) | Vol. | No. |
---|---|---|
13.990 | 16088 | 1 |
14.000 | 4102 | 1 |
14.020 | 3000 | 1 |
14.040 | 4102 | 1 |
14.050 | 5510 | 2 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
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NST (ASX) Chart |