NST - Northern Star Resources

[skc]

Very good point and thanks for making it. You are right that it always does seem so good. I perhaps foolishly have remained enthusiastic due to the continual positive news and cost control.

Will have to have a bit of a cynical look now and check on the other side!

BEN offloaded a big stake in IFL (around August I think).

GUD offloaded some BRG (may be 12 months ago?)

There are a few other examples I can't think of at the moment.

My anecdotal evidence is that the initially, market tend to react negatively. But the effect doesn't last and the stock find its own way after a few weeks.

 

[notting]

It only seems like

a few weeks.

.

It seems that sometimes opportunities wait for you!

 

[Gryphonik]

Hi all, new to NST (and this thread).. any ofyou still holding... I watched it climb past 1.50, but have patiently waited and entered at 1.00 (i like round numbers)... now dropped nealry 10%, before a slight rebound today... looks like this one may cause an ulcer... but the long term view is great - providing the gold price doesnt drop past $1560, then $1530 and time to exit all gold me thinks... Soros getting out of Gold, Paulsen holding for now.. i wonder who is next... cmon Bernanke, give us some serious QE.

 

[notting]

1.50, but have patiently waited and entered at 1.00 (i like round numbers)... now dropped nealry 10%, before a slight rebound today... looks like this one may cause an ulcer... but the long term view is great -

It had a good day today, I'd be getting out tomorrow if it has another pos bounce. I'd be happy to take a loss on it at 95 or above. The cum div status is what is giving it strength right now. After that could go back to the 60s!
I got out with no damage prior, held on to a tiny bit to keep me watching it.
If we get a gradually stabilising financial world gold is going to be going no where of years - 1350

 

[tinhat]

I made a mistimed entry into SLR last week which I bailed out of today at a disappointing loss. I also liquidated my position in MML today.

I like the look of NST and intend to buy NST, SLR and MML upon a turnaround in gold. The figures look good now in terms of their current production at Paulsons. Ashburton looks promising and will come online in 2015. Then there is the FMG joint venture to explore for non-iron ore minerals on FMGs tenements.

 

[Miner]

It had a good day today, I'd be getting out tomorrow if it has another pos bounce. I'd be happy to take a loss on it at 95 or above. The cum div status is what is giving it strength right now. After that could go back to the 60s!
I got out with no damage prior, held on to a tiny bit to keep me watching it.
If we get a gradually stabilising financial world gold is going to be going no where of years - 1350

Are you suggesting 30 cents per share to arrive your predicted price of 60 cents or below for NST ? Interesting but would be more interesting to see your back up. I am holding because NST is technically very strong .

 

[notting]

I am holding because NST is technically very strong .

Do you mean technically or fundamentally?

It's fallen through support at .95, Currently bouncing off more support at .85.
Next is .70 to .60 where I think it will bottom.

Gold is a most sentiment driven metal, there is some use of it in jewelry but it's not the price maker.

They keep coming out with these market stunning, spectacular announcements that are having less and less of an effect at boosting the price. The last one could not even lift the price for the day, which was a first! Todays is doing even worse.
Now that the market is experiencing a dividend hunt due to lower interest rates at banks NST are pumping up their dividend story.
They are doing their best to manipulate the price.
Their stratergies just seems too market price focussed with respect to the PR.
However it seems like a good story and if gold turns around then there's every reason to be in this one unless they are just a pack of bulls#!7 artists who all jumped out of the stock a few months ago!

 

[Miner]

Do you mean technically or fundamentally?

It's fallen through support at .95, Currently bouncing off more support at .85.
Next is .70 to .60 where I think it will bottom.

Gold is a most sentiment driven metal, there is some use of it in jewelry but it's not the price maker.

They keep coming out with these market stunning, spectacular announcements that are having less and less of an effect at boosting the price. The last one could not even lift the price for the day, which was a first! Todays is doing even worse.Now that the market is experiencing a dividend hunt due to lower interest rates at banks NST are pumping up their dividend story.
They are doing their best to manipulate the price.
Their stratergies just seems too market price focussed with respect to the PR.
However it seems like a good story and if gold turns around then there's every reason to be in this one unless they are just a pack of bulls#!7 artists who all jumped out of the stock a few months ago!

Prices are delayed by 20 minutes unless stated otherwise in the Conditions. Retrieving any price indicates your acceptance of the Conditions.

Code Last % Chg Bid Offer Open High Low Vol
NST 0.920 2.22% 0.915 0.920 0.930 0.930 0.875 5,470,756
(Status - CD)
I did not get it . With 2.22% rise so far, how could come today is a worse day ?
Yes it is fundamentally strong IMO (this is same as technically strong semantically) . NST did fall down at 87.5 cents but rose again. I will be happy to see the holding at 90 cents for few weeks and to rise with gold

 

[JTLP]

Hi guys,

Just reading up on NST; their latest presentation seems pretty promising with pretty low cash per oz etc.
What's up with their debt? I've read they have none but then reports indicate otherwise???

 

[Sway]

Hi guys,

Just reading up on NST; their latest presentation seems pretty promising with pretty low cash per oz etc.
What's up with their debt? I've read they have none but then reports indicate otherwise???

I would guess it is negative sentiment towards the resources sector, gold stocks in particular. Market cap is $300M. They have virtually zero debt, $50M cash equivalent (probably includes some bullion), 30odd% ROE and payed a dividend recently. I attended a briefing by their MD who mentioned cash cost of $610-690/oz and total operating cost of $850-950/oz. They operate solely within WA. The main operation is Paulsens 100,000oz/yr, with another deposit of similar size 200km down the road at Ashburton.

Cheers
Geoff

 

[explod]

I would guess it is negative sentiment towards the resources sector, gold stocks in particular. Market cap is $300M. They have virtually zero debt, $50M cash equivalent (probably includes some bullion), 30odd% ROE and payed a dividend recently. I attended a briefing by their MD who mentioned cash cost of $610-690/oz and total operating cost of $850-950/oz. They operate solely within WA. The main operation is Paulsens 100,000oz/yr, with another deposit of similar size 200km down the road at Ashburton.
Cheers
Geoff

This to my mind is one of the best p/m stocks around (and not because I have it in the tipping) and only last week further upgrades at Paulsens. Has taken off since then too:

http://bigcharts.marketwatch.com/ad...alse&chartStyleToggle=false&state=9&x=26&y=12

With the Dow breaking below the uptrend of the last six months chart overnight we will have a bit of a bath here today so it will be interesting to see if NST can hold up with gold staying firm. My guess is that it will drop on sentiment and all the goldies will for a time follow the market down. I look to August which every few years seems to be the big recovery and new high times for gold.

Not in any stocks at the moment, but this is one to watch for changing mood in my humble view.

 

[laurie]

Surprised this is not talked about much here I think it will shortly the way POG is going

 

[tinhat]

I don't hold any NST at the moment but no doubt it is a good gold miner and I've read analysis recently that reckons they should be able to get their all in costs down to about $900 (US?)/oz. Plenty of opportunity to expand and plenty of opportunity to explore and expand if the price of gold recovers.

It didn't fall as hard as some of the others and it has recovered stronger than many other gold miners. Actually, having a look at the chart its had a very strong recovery compared to some of the other miners. It's gone well over the 38% retracement from its high.

 

[finicky]

Do you mean technically or fundamentally?
It's fallen through support at .95, Currently bouncing off more support at .85.
Next is .70 to .60 where I think it will bottom.

They are doing their best to manipulate the price.
Their strategies just seems too market price focussed with respect to the PR.

53c low, but close enough calling it back at 20 Feb 2013. Koala bear stamp.

Just holding 20,000 @ average $1, so almost there. Good prospects of course if you expect higher gold prices, which I do eventually

Agree that it is a share price focused company with its announcements, and I will never trust a juniour mining management that has sold shares at well picked higher prices. Playing the market, which is us.

Are we back into full bull mode or is it just a B leg in an ABC correction? We do after all have a company here that went from well under 10c to over 1.50 in a couple of years. Plenty of room there for a more time extended correction given correction started from just Dec 2012?

 

[laurie]

make sure you factor in the dividends and franking credits

 

[piggybank]

Daily Update.

 

[laurie]

Gone into trading halt tonight maybe they found Lasseter's Reef

 

[notting]

Gone into trading halt tonight maybe they found Lasseter's Reef

3 days, usually spells capital raising

 

[laurie]

3 days, usually spells capital raising

You did not read page 2? exploration results!!

 

[pixel]

still half a cent to go before the gap is closed - same situation as a week ago.



... and if it does get to 75.5c, there is still the open question "Where is Support?"