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NST - Northern Star Resources

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Directors cashing in their chips big time over the last week.
Prudent given the thing ran up to 3ish about 1ish too much!
 
notting said:
Directors cashing in their chips big time over the last week.
Prudent given the thing ran up to 3ish about 1ish too much!
Click to expand...

Agree, Notting;
from a technical perspective, I also get "fair value" below $2.20, possibly as far down as $1.80.

 
The crash in the past 2 days for NST was really hard. Some of my blood is now lying on the streets. It crashed double-digit on Monday and >5% so far today.

I cannot find specific news that would cause such a crash. Can the wiser forummers here enlighten me? I would like to understand why some of my blood has been spilled on the streets. Thank you very much.
 
50 million in exploration, WTF. Should have put that in some struggling debt laden goldies sitting on product not wasteful exploration.
 
Got stopped out of this, it was showing signs of doing well too.

(click to expand)
 

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notting said:
Directors cashing in their chips big time over the last week.
Prudent given the thing ran up to 3ish about 1ish too much!
Click to expand...

Yeah, like I said, looking a bit expensive at 3ish.

Looking to test 2.57ish on the weekly.
 
Anyone out there taking a good look at this? Gold stocks been crunched over the past week or so but this share has an incredible track record and technically looks the strongest to me. Any interest out there if it was to put in some kind reversal bottom?
 

Hi Kid, My opinion fwiw ..

I reckon NST and all the decent Goldies will be a no brainer but not until the POG confirms a solid bottom.

I'm still giving Gold about 3-4 months to show its hand .... looking for a final decent retracement (1070-1080 ), a weakening general market and then I think all Producer/near producer gold stocks will have a pretty tidy run. Thats the current plan anyway
 
kid hustlr said:
What's the seasonality of gold like barn? I don't want to miss it is my fear
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Yeah its a fair point to consider ... I was thinking something similar during the last week when my main Gold stock PNR started to get a few wobbles and retrace with the POG which looks like rolling off its short term top .....

I came to the conclusion that even though I expect gold to retrace further, the longer term outlook for quality Producers still looks pretty reasonable, so to avoid selling/tax issues/re buying etc, I'll just sit it out in the short term.

I believe its the second half of the year which is traditionally better for Gold?? Not sure how accurate that is historically, but it kind of fits in with how the chart looks to me anyway, so I reckon the end of March through to June might be a ball park time to start looking at scaling into anything Gold related but that is just a guess at this point in time

Joules would be the one to hone down the time frame further cause he picked the last short term bottom to a tee
 
kid hustlr said:
What's the seasonality of gold like barn? I don't want to miss it is my fear
Click to expand...

IMO if you analyse the gold price, then trade gold. If you want to trade a gold miner, then study up on the gold miner...

The price of gold is a very important factor driving share price of gold miners no doubt, but all the good work analysing the gold price action can be undone by the host of issues related to specific miners - operations, reserves, all in costs, balance sheet, sovereign risks etc etc. TRY and PRU are good examples.

Also there's been a bit of divergence between gold price and GDX of late... GDX is so dominate on many of the local goldies share registers so it's flow produces amplified impact on the share price. SBM is a good recent example.
 
Gold miner Northern Star Resources has gapped up this morning and is currently trading at $6.85, not far from its all-time high of $6.97. It moved effortlessly through resistance at $6.75 and looks set to take on $7.

On 20 June the company said that it would beat its FY2018 production guidance of 540,000-560,000oz and is now aiming for 600,000oz with AISC as previously advised in the range of A$1000-1050/oz.

 
Gees Greggles
When I put like on your thread, did not believe you would be for money so much .
NST went above $7.04. What is next per your analysis ?
Excellent work mate.
 
Miner said:
Gees Greggles
When I put like on your thread, did not believe you would be for money so much .
NST went above $7.04. What is next per your analysis ?
Excellent work mate.
Click to expand...
Thanks Miner. I had a feeling NST would crack $7. I thought the upgraded production guidance was a good catalyst for a solid move north and I was right on that score. It's in blue sky territory now so I think we could see a little more out of it. I wouldn't be surprised to see it hit $7.25 in the near future.

I've got a few stocks I'm keeping an eye on so keep a look out for my posts. I like the miners, especially gold miners but I'll take a look at anything that I think has some potential.
 
Good one Greggles.
It is great that you are valuing the miners (that gives me chance
Serious front, good work mate. I am holding NST. I agree that NST has great potential.
 
Gap up for NST this morning following the completion of their $175m fully-underwritten placement to institutional investors with ~26.1 million new shares issued at $6.70 per share.

Proceeds from the placement will be used to help fund the acquisition of the high-grade 4.1Moz Pogo underground gold mine in Alaska from Sumitomo Metal Mining (85% interest) and Sumitomo Corporation (15% interest) for an acquisition price of US$260 million (A$347 million) with the balance being funded from Northern Star's existing cash reserves.

NST is currently up 14.22% to $7.95 and is at all-time highs today, having reached an intraday high of $8.05.

 
greggles said:
Gap up for NST this morning following the completion of their $175m fully-underwritten placement to institutional investors with ~26.1 million new shares issued at $6.70 per share.
Click to expand...

And the recent Bullishness has been with the back drop of a poor performing Gold price

Amazing stock
 
Interesting that there has been little discussion on such a solid Aussie gold producer. Rising nicely now with The Aussie gold price getting close again to its all time high and with it's production continuing to rise I expect it to do well in 2019.

 
There is never a comfort zone on sharemarket.
When I was relatively relaxed on NST, it produced the result by maintaining guidance by $75 per oz increase on AISC.
Market does not forgive for past history. Yak. Holding.

 
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