AUD POG $1,630 and NST has some hedging at $1,750. I bought back 1/3 of my position today after selling 2/3 over the past few months. This quarter's profits are secured and will kick butt with Jundee in full swing and producing more ounces. Also, don't forget ~70c in cash by quarter end so EV today is around $2.90 or $1.76B on likely $320M cash flow for FY17 (5.5x FCF).
Anyhow, I expect gold to recover in the new year or possibly sooner. The AUD will get the same down draft as gold, hence, I don't see NST's margins impacted materially through the current romp.
This is purely technical selling and has no merit fundamentally - it's a gift to those that view the world without the help of Mr Squiggle.
Fundamentals haven't changed, page-288
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Last
$15.90 |
Change
-0.230(1.43%) |
Mkt cap ! $18.16B | |||
| Open | High | Low | Value | Volume |
| $16.23 | $16.23 | $15.89 | $28.19M | 1.757M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 9551 | $15.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.90 | 1600 | 10 |
View Market Depth
| Last trade - 12.40pm 04/12/2024 (20 minute delay) ? |
| NST (ASX) Chart |
