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NST - Northern Star Resources

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Should have waited a couple of minutes … Its a bit clearer now. 1 minute chart shows the push on the open (last 2 days) followed by the low volume retreat till 11 am.

It dropped to just over $10 but the buyers are now back in at $10.08 and pushing hard so $10.06 looks the short term low … Certainly plenty of trading interest.

If it follows yesterdays pattern, it should meander higher in a tight range for the rest of the day??

NST19 dec 1minute chart.jpg
 
Trav. said:
Yes mate. I was a little worried following the announcement but doing well now. Up 10% and going strong.

Bring on $11 View attachment 99147 :2twocents:2twocents
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I heard the NST capital raising was 3.5 x over subscribed, that’s a significant investor commitment so late in the year and a strong affirmation of the transaction and NST’s ability to deliver, good luck Trav
 
I am intrigued about this offer and the current direction of the SP. Obviously the market is happy at the moment with the purchase of KCGM (50%) as SP is rising but my initial expectation was that it would retrace to $9 sooner rather than later.

I am looking at participating in this SPP and therefore will be tightening my stop to lock in profit as I believe that when the shares are issued ( ~ 3/2/2020 ) the SP could retrace closer to the issue level.

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This stocks SP is a very interesting one as the SPP is at $9 and the SP has recently hit a high of $12.33 on the back of the gold price rise.

I am betting that it will retrace closer to the $9 mark when the SPP closes ( 24/1/2020 ) and then when the shares are quoted on the ASX ( 4/2/2020 ) I can see that a lot of people will sell their allotment for a nice % gain.

Down today 3.2% for a close @ $11.81.

Question ----- How close will it get to $9 in the next 2 weeks?????
 
Trav. said:
This stocks SP is a very interesting one as the SPP is at $9 and the SP has recently hit a high of $12.33 on the back of the gold price rise.

I am betting that it will retrace closer to the $9 mark when the SPP closes ( 24/1/2020 ) and then when the shares are quoted on the ASX ( 4/2/2020 ) I can see that a lot of people will sell their allotment for a nice % gain.

Down today 3.2% for a close @ $11.81.

Question ----- How close will it get to $9 in the next 2 weeks?????
Click to expand...
With mr trump playing war games anything could happen with the POG
 
Padowan said:
With mr trump playing war games anything could happen with the POG
Click to expand...

yes that is the confusing part to this equation that I can't really gauge. current gold price appears to be bouncing around a fair bit so will that hold up the SP for the rest of the month or even 2 weeks?

I will wait until next week to confirm participation in the SPP and will be watching very closely until then.
 
SPP 23% discount to today's price, roughly calculated. Hard to see participation in the SPP going all that wrong, given the companion presentation which showed that Pogo is on track for profit in fy20. I'll sound like the company PR blurb, because they're not above salesmanship, but with SAR as partner, that'd have to be literally the best team on the planet by a long shot to energize the KCGM Super Pit, specially with NST taking it underground. Then there's the Newmont tenements that NST's picking up and possible surrounding acquisitions and consolidation.

Such low risk - I'll be selling 1,000 shrs and taking up 2,000 in the SPP, doesn't bother me much when I sell the 1,000.
Very good and exciting company to be in med/long term to benefit from the resumed bull market. Always something cooking at Northern Star.

My favourite commentator, Jordan Roy-Byrne of The Daily Gold has been cautioning that the gold mining stocks indices and etfs (GDX and GDXJ) have not been confirming the big gold rise , sees clear distribution happening and expects a weak January. Purely short term. But you can hear him yourself by finding him on twitter if interested.
 
finicky said:
doesn't bother me much when I sell the 1,000
Click to expand...

I agree with everything in your post except this part above.

Don't you think that the SP will continue to drop closer to the SPP price and if you could have sold above $12 then that would have been ideal, as I personally don't think that we will see those levels again in the next couple of weeks.

I sold my parcel early ( once qualified for SPP ) and although happy with the profit I would have preferred above $12 but you can never time these things perfectly.

Good luck to all holders.
 
So in the end I sold 2,000 NST shares today @ 12.10
I have decided to go for the full $30,000 allocation in the SPP, so the sale of 2,000 shares today will fund the bulk of it. Hope they don't scale the SPP back - don't want to end up with less NST shares than before. Didn't really want to sell any NST at this point but the other candidate for cashing in a few shares hasn't been behaving well last two days - Codan.
The NST Dec Qtrly to be released pre market Jan 29 might have a strong market effect which is why I didn't want to sell any yet. Preferred to gamble on a good Qtrly. I imagine a lot of interest in a full Pogo update.
 
Well I am happy to admit that I was wrong with my expectation that the SP would fall closer to the SPP issue price for retail investors.

Why happy I hear your ask ??? Well I applied for my full allocation and higher the current SP the more $$$ I make, so win win really.

upload_2020-1-23_20-23-37.png


SPP @ $9 and closes Friday
 
Sub-optimal for me. I had to sell something to take up the full offer, but with my optimism about the Dec Qtrly coming up (29th Jan) for NST, let alone NST's long term prospects in a gold bull market, I shouldn't have sold NST. Too casual. Missed an irreplaceable opportunity to significantly increase my holding. Penny wise pound foolish, I was not willing to take less than an ideal price for selling my preferred selling target - irrational.
 
Not bad - 6 weeks after a big placement and accompanying SPP the share price is up 44%. Never seen it before. Augurs well for the Dec Qtrly which will be released pre-open tomorrow, pant pant. A more expansive update on the Alaskan mine, Pogo, is what I'm most anticipating ..

16/12 - Trading halt
17/12 - Ann Acquisition KCGM Super Pit
18/12 - Ann Completion of Placement @ $9
24/12 - SPP Offer Opens

2 month daily
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not unsurprising but SPP was oversubscribed and scale back is going to happen...bugger..

We will find out on Monday what the scale back looks like so will be interesting to see what it looks like and how long it takes for them to return my $$$

NST Closed @ $12.60 today

upload_2020-1-31_19-57-9.png
 
Well that SPP was a disappointment, scale back was huge and barely worth the trouble for me.

Worked out around 13.5% of my holding at the time of the announcement so 285 shares issued to me out of the possible 3,333 shares I was eligible for based of the $30k I transferred @ $9 issue price.

Unfortunately $50m retail SPP was not enough and the big boys got a bigger slice of the pie ..... buggers ....
 

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