New posts

Reply to thread

Message

NST financials summarised in their annual general yesterday and they're sitting on a lot of liquid. $1.5b in available cash, bullion and debt. With EVN spending $1b for a bit of extra copper and silver yesterday made me think what plans these guys have with all this cash on hand and free cash flow going forward. They've either got to give it back, or buy something big. Could easily scoop up a potential Tier 1 asset in a Tier 1 location, either in Australia or Canada probably. Just not too many out there I suppose. Maybe they go risky into the Andes or SE Asia, Africa for diversity? They must be sitting around the big table with a list of assets they'd like to own right now.

Chart wise tracking well, along the lines of most gold instruments. Some decent support tested and respected which was nice to see. Hopefully this emerging upward channel is respected all round.

[ATTACH=full]133109[/ATTACH]
[ATTACH=full]133110[/ATTACH]

<blockquote data-quote="Sean K" data-source="post: 1146945" data-attributes="member: 3610">NST financials summarised in their annual general yesterday and they&#039;re sitting on a lot of liquid. $1.5b in available cash, bullion and debt. With EVN spending $1b for a bit of extra copper and silver yesterday made me think what plans these guys have with all this cash on hand and free cash flow going forward. They&#039;ve either got to give it back, or buy something big. Could easily scoop up a potential Tier 1 asset in a Tier 1 location, either in Australia or Canada probably. Just not too many out there I suppose. Maybe they go risky into the Andes or SE Asia, Africa for diversity? They must be sitting around the big table with a list of assets they&#039;d like to own right now.Chart wise tracking well, along the lines of most gold instruments. Some decent support tested and respected which was nice to see. Hopefully this emerging upward channel is respected all round. [ATTACH=full]133109[/ATTACH] [ATTACH=full]133110[/ATTACH]</blockquote>

[QUOTE="Sean K, post: 1146945, member: 3610"] NST financials summarised in their annual general yesterday and they're sitting on a lot of liquid. $1.5b in available cash, bullion and debt. With EVN spending $1b for a bit of extra copper and silver yesterday made me think what plans these guys have with all this cash on hand and free cash flow going forward. They've either got to give it back, or buy something big. Could easily scoop up a potential Tier 1 asset in a Tier 1 location, either in Australia or Canada probably. Just not too many out there I suppose. Maybe they go risky into the Andes or SE Asia, Africa for diversity? They must be sitting around the big table with a list of assets they'd like to own right now. Chart wise tracking well, along the lines of most gold instruments. Some decent support tested and respected which was nice to see. Hopefully this emerging upward channel is respected all round. [ATTACH type="full"]133109[/ATTACH] [ATTACH type="full"]133110[/ATTACH] [/QUOTE]

Verification