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Originally Posted by tricha
Lock it in folks, quarter nearly done and gold in OZ terms, average $1550.
NST is making hay, paying dividends and announced a new resource upgrade, with higher grades.
At $1.00 still very cheap.
This is well worth a read, hot of the press today.
http://www.stocknessmonster.com/news...E=ASX&N=628770
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Joshuatree are you till sitting at the railway station watching this sail past ?
The more read about NST, the better ti gets.
http://www.nsrltd.com/projects/pauls...gold-mine.html
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Hi tricha, still am unfort.Still waiting calmly (i see redfor a rebalancing op. Thanks for that summary.
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[QUOTE=Joshuatree;399890]Hi tricha, still am unfort.Still waiting calmly (i see redfor a rebalancing op. Thanks for that summary.[/QUOTE
You got a golden window of opportunity Joshuatree.
Hot of the press, late today. http://www.stocknessmonster.com/news...E=ASX&N=635007
Its an interesting ride.
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http://www.zerohedge.com/news/2014-...r-decade-gofo-rate-tumbles-most-negative-2001
Physical Gold Shortage Worst In Over A Decade: GOFO Most Negative Since 2001
Submitted by Tyler Durden on 11/06/2014 - 09:37
As noted over the past week there has been a massive shortage of precious metals - most notably silver which as of this moment is indefinitelyunavailable at the US Mint - as a result of the tumble in the paper price, and following 8 days of sliding and negative 1 month GOFO rates, today the physical metal shortage surged, as can be seen by not only the first negative 6 month GOFO rate since last summer's much publicized gold shortage when China was gobbling up every piece of shiny yellow rock available for sale, but a 1 month GOFO of -0.1850%: the most negative it has been since 2001!
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Im still on the gravy, you too tricia?
Up $1.20 today to $8.20 all time high. great chart, was re $1.50 5 years ago.
Northern Star’s FY2019 guidance has increased to 850,000-900,000oz at an AISC of A$1,050-1,150/oz (US$787-862/oz)*
Placement closes heavily oversubscribed
Last edited by Joshuatree; 03-09-2018 at 02:26 PM.
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Offer to take out JV interest from Rand and tribune in EKJV Download Document 132.69KB
Presentation out today as well 2018 AGM Presentation Reserves and resources increased to 25.5 million oz.
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Investor Presentation - Acquisition of 50% KCGM Super Pit Cap raise at $9 major raise already done with instos etc.
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Originally Posted by Joshuatree
Only got the notice from ASB Securities today. $9 at todays prices seems alright but I have no idea of the value of NST. Are any holders of NST excited by the offer?
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P/E of 49 times or 2% yield. Actual dividend yield is less. I appreciate JBmurc explained we are paying for reserves in the ground but the P/E has gone from 30 to 40 times earnings in June 2019 to nearly 50 now. I am optimistic on gold but don't really understand how these companies are being valued.
Dumb luck that I have done OK on them although NCM has gone nowhere since I topped up, might breakeven on my top up today.
A big jump in oil price will hurt profitability as well, as these companies will run on oil. For me it is more like gambling so maybe sell what I have and buy back in at $9.
https://www.sharetrader.co.nz/showth...bmurc+reserves
You need to scroll down to JBs post.
Last edited by Aaron; 08-01-2020 at 06:31 PM.
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