Club Mulgoa

Tuesday, August 02, 2016

NST

When you invest in the resource sectors, it is nearly impossible to recognize who are the cowboys until the share price tanks some months/years later. At many events where the CEO had presented or when you looked at the company's Investors Presentation, you would think you would be a fool not to invest in it.

NST has been making great presentations, consistently.  One outstanding AND consistent trait in the past is the management buying out "unproductive" or neglected mines, often owned by big gold miners.  Its main goldmine was virtually dumped but after a bit more exploration, the mine became more productive with bigger resources.

I have topped up with good news in the past when the market didn't want to know about
NST in the beginning.  Today, it has gone up by more than 500% so it has been a good compensation for the massive losses in those cowboy stocks I used to buy.  In addition, NST pays a decent dividend, too!

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