Club Mulgoa

Monday, June 25, 2018

NST

Many years ago... but it isn't really that long ago... in 2011,

I bought NST.  It was brilliant.  It bought a ditched gold mine and extracted a lot more gold than thought was left there!  Then it discovered more there.  And when gold price retreated, it bought more mines from lousy producers (and these are NOT small gold miners!).

I could not buy more NST shares in recent years because it kept going up and up.  I thought it was getting overvalued.  Today after rising nearly 8 times, I wish I had trusted the good management and continued to buy!  All my initial buys before 2014 were under $1 per share.  In 2015, I took a plunge and bought at an expensive $2.

Today, it is $6.89...

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