NST - Northern Star Resources
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Good evening
Approximately one month later ... $13.31 high gonsky and a new 52-week high achieved today $13.53 (11/04/23) ...
Not Holding. Becoming expensive to fast trade. Nowhere near as expensive as NCM though...
Anyways, there are always other options to consider.
Kindly conduct your own due diligence.
Have a very nice evening.
Kind regards
rcw1
Approximately one month later ... $13.31 high gonsky and a new 52-week high achieved today $13.53 (11/04/23) ...
Not Holding. Becoming expensive to fast trade. Nowhere near as expensive as NCM though...
Anyways, there are always other options to consider.
Kindly conduct your own due diligence.
Have a very nice evening.
Kind regards
rcw1
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14% profit so far with NST
4% up in one day is amazing to watch
Hopefully Gold will stay above 2000 usd for a while longer
4% up in one day is amazing to watch
Hopefully Gold will stay above 2000 usd for a while longer
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That 14% profit will be gone in a blink of an eye if gold fails to to hold above $2000, Danny.
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DrBourse
If you don't Ask, you don't Get.
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You certainly do have a lot to learn Investo - Hang in there it eventually you will understand.......
Don't know anybody that took the Exit as you so kindly mentioned...... Unless you did...... rcw1 and others understood exactly what I meant....
Cheers.....
DrB.
DrBourse
If you don't Ask, you don't Get.
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Investo - you obviously did not even look at either rcw1's Commsec Chart, or my TradingView Chart -
if you had looked at them you should be able to notice that 14/3/23 was an up day - so nobody should have been looking to Exit NST... I was only referring to the RED Candle Colour as a warning sign, which rcw1 has always known about, but I was just reminding him..... Not exactly sure what time my post was on 14/3/23, 11.28am I think, and as you know most Candles change in shape size & COLOUR numerous time each day......
And in case you did not notice, NST's TA was a bit sus at abt 11.28am that day....
Cheers...
DrB.
DrBourse
If you don't Ask, you don't Get.
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Investo - as a follow-up to our recent conversations, may I be so bold as to suggest that you look at some old posts of mine on the subject of Candle Colours....
In the Forum "DrBourse TA Help for Beginners", on page 5, post numbered 93 to 97 inclusive may be of interest to you in understanding what rcw1 and myself were discussing.... Below is part of a snapshot of post nr 93 for your reference...
The story continues in post nrs 94, 94, 96, ....
And there is another post in the TAHelp forum on the many different ways a Software Provider produces their Candle Colours - Beginners should make sure those calculations, whatever thay are, suit your needs...
Happy to answer any questions....
Cheers.....
DrB.
In the Forum "DrBourse TA Help for Beginners", on page 5, post numbered 93 to 97 inclusive may be of interest to you in understanding what rcw1 and myself were discussing.... Below is part of a snapshot of post nr 93 for your reference...
The story continues in post nrs 94, 94, 96, ....
And there is another post in the TAHelp forum on the many different ways a Software Provider produces their Candle Colours - Beginners should make sure those calculations, whatever thay are, suit your needs...
Happy to answer any questions....
Cheers.....
DrB.
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You are correct but I am betting NST shares will be even higher over the course of the year so even if there is dip so I’ll hold for the time being.
Not looking at short term profits. NST is profitable at these prices and the company pays dividends.
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Free of any charge or obligation I offer my in-depth analysis of the long term chart of Northern Star.
My sentiment is optimistic for the longer term, as informed by the monthly chart; the weekly might have a bit more in it but the daily is not far off the 3 record momentum highs of the past decade. So maybe Monday will trigger a fallback given the performance of the overseas gold stock indices on Friday? I'm not a buyer or seller, so not bothered.
But it would take a sea change to knock this monthly uptrend off course in my view. Check out how much head-room the momentum indicators have. Price moved out of best fit downtrend resistance 5 months ago. Candles are big and bold and surging above the bollinger. This would still look bullish if it pulled back to $10 - certainly not expecting that. Following a 2 year secondary bear trend, it's a new upleg in a primary bull market I believe.
Greg Canavan of 'fat tails' has taken his 5 recommended gold producers off buy and onto hold again but anticipates reversing this in a few weeks. He sees the XGD rally as over extended and makes a claim that a front page article in the business section of The Australian about Newmont's sweetened offer for NCM means that mainstream is aware and has already bought in to the goldies. His picks btw are NST, EVN, RRL, GOR and SLR. Again, they are all on hold notice currently, not buy.
Held
Monthly
My sentiment is optimistic for the longer term, as informed by the monthly chart; the weekly might have a bit more in it but the daily is not far off the 3 record momentum highs of the past decade. So maybe Monday will trigger a fallback given the performance of the overseas gold stock indices on Friday? I'm not a buyer or seller, so not bothered.
But it would take a sea change to knock this monthly uptrend off course in my view. Check out how much head-room the momentum indicators have. Price moved out of best fit downtrend resistance 5 months ago. Candles are big and bold and surging above the bollinger. This would still look bullish if it pulled back to $10 - certainly not expecting that. Following a 2 year secondary bear trend, it's a new upleg in a primary bull market I believe.
Greg Canavan of 'fat tails' has taken his 5 recommended gold producers off buy and onto hold again but anticipates reversing this in a few weeks. He sees the XGD rally as over extended and makes a claim that a front page article in the business section of The Australian about Newmont's sweetened offer for NCM means that mainstream is aware and has already bought in to the goldies. His picks btw are NST, EVN, RRL, GOR and SLR. Again, they are all on hold notice currently, not buy.
Held
Monthly
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I am probably fortunate the Kiss of Death did not include my DEG RMS and PRU
But as they say on ASF : " Thanks for the Memories"
PS : One month at Sea is a very long time
Good Luck be with you
&
Salute and Gods' Speed
DrBourse
If you don't Ask, you don't Get.
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9.45am 16/5/23 - Interesting Market Index: Morning Wrap.
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Macquarrie must have a heap of gold stocks they want to offload.
mick
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Did they say Accumulate
Before 4.0pm today or after 4.00pm today??
Timing is everything!
NB: Please ignore the ASF Time Stamp but the real time stamp AEST is displayed on the charts
Joe must be on another planet?
Salute and Gods' Speed
Before 4.0pm today or after 4.00pm today??
Timing is everything!
NB: Please ignore the ASF Time Stamp but the real time stamp AEST is displayed on the charts
Joe must be on another planet?
Salute and Gods' Speed
Last edited:
explod
explod
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My pick for the June Competition and with the financial concerns bouncing globally I feel gold and NST will gain considerably.
Looking good already.
Looking good already.
Good morning
It has been reported today via News Corp News: Northern Star Resources will go ahead with a $1.5bn expansion of its KCGM mill expansion in the Kalgoorlie region of WA to strengthen its key asset and overall portfolio.
Northern Star managing director, Stuart Tonkin said the final investment decision approval marked "an exciting day for Northern Star and a historic new chapter for this world-class asset".
"This project is financially compelling… Our confidence in the economics of KCGM to remain a long-life, low-cost gold mine has been further reinforced through the feasibility study phase.
Expanding the processing capacity of KCGM will strengthen Northern Star’s portfolio, materially increase our free cash flow generation and progress our long-term strategy to be within the 2nd quartile of the global cost curve."
The KCGM operation is one of the world’s largest and most significant gold mines with a mineral resource of 28.3 million ounces and an ore reserve of 12.2 million ounces.
Kind regards
rcw1
It has been reported today via News Corp News: Northern Star Resources will go ahead with a $1.5bn expansion of its KCGM mill expansion in the Kalgoorlie region of WA to strengthen its key asset and overall portfolio.
Northern Star managing director, Stuart Tonkin said the final investment decision approval marked "an exciting day for Northern Star and a historic new chapter for this world-class asset".
"This project is financially compelling… Our confidence in the economics of KCGM to remain a long-life, low-cost gold mine has been further reinforced through the feasibility study phase.
Expanding the processing capacity of KCGM will strengthen Northern Star’s portfolio, materially increase our free cash flow generation and progress our long-term strategy to be within the 2nd quartile of the global cost curve."
The KCGM operation is one of the world’s largest and most significant gold mines with a mineral resource of 28.3 million ounces and an ore reserve of 12.2 million ounces.
Kind regards
rcw1
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Jun 23 Quarterly Report.
Management reports that they've met their FY23 sales and costs guidance. Costs seem to be stabilising and growth capital expenditure above expectations due to work starting earlier. AISC ~ 1730 - 1790 (high estimate).
However the market must have been expecting a better guidance for next year.
Share price falls 12% in the two days since the report.
Management reports that they've met their FY23 sales and costs guidance. Costs seem to be stabilising and growth capital expenditure above expectations due to work starting earlier. AISC ~ 1730 - 1790 (high estimate).
However the market must have been expecting a better guidance for next year.
Share price falls 12% in the two days since the report.
Sean K
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I thought I had read the report in detail and didn't see any red flags on the surface of it. I'm obviously missing something. Maybe no S3 report?
