NST

In the last week or so, gold stocks have mostly fallen along with the POG. But at USD$1650 per oz, most Aussie gold explorers and producers are still profitable. So why are the gold stocks being dumped? I have no idea why people are only interested in short term factors. But I love it when it gives me the opportunity for topping up my stocks.

A week ago, I put in a low bid for NST. So today, I collected my next parcel of NST. If you read its last announcement (6/3/12), then you know the meaning of "spectacular"; at over 3kg per ton but over a short length, 1m only. Of course, when it was first announced, the share price went over $1. And then, amnesia set in and the price has been falling since!