Macro concerns is certainly important, I don't believe POG is the reason the falling SP at present.
I think it is directly connected to the selling by a key fund, combined with a basic failure of most to understand NST's assets.
Some doubt Paulsens ability to produce long term (which is folly). Bill and his team acutely understand the asset and know the ounces are there without drilling every last spec of dirt to produce a sizable JORC.
Nor do many respect credentials of Ashburton which is also a mistake.
Also it's individuals sprouting about falling POG when it's at $1670-1700, so what if it isn't at $1800-2000 because NST's guidance is all based upon POG of $1550.
MOST OF ALL I WANT TO CONGRATULATE ANYONE BUYING AT THESE LEVELS BECAUSE THE SHEEP HAVE NO IDEA
Macro concerns is certainly important, I don't believe POG is...
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Last
$12.83 |
Change
0.015(0.12%) |
Mkt cap ! $14.80B | |||
| Open | High | Low | Value | Volume |
| $12.82 | $12.92 | $12.80 | $8.279M | 644.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 6986 | $12.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.83 | 3507 | 23 |
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| Last trade - 11.59am 09/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |