Ann: Quarterly Activities Report, page-8

Over priced in this context usually refers to the following;

well run company
great management
Tier 1 assets
low AISC
growth potential

And most of all XAUAUD with the current economy Oz market is finding itself, bond yield benchmark 3+% set by US, bank RC pressuring banks from irresponsible lending = a clip on property growth speculation, pressured wages growth, pressured commodity pricing if USDX keeps following the bond yield direction. Gold price is out performing AUDUSD even though both are selling off so I am comfortable with NST.

That aggressive pullback from circa $7.00 was the market pricing in this Quarterly. If people thinks the market will be reacting negatively today are the late bears selling at the low. Buy rumor sell fact mechanism in the opposite?