NST - Northern Star Resources

[tech/a]

Gosh that was a quick out.
I find it almost impossible to buy when they fly like.
It's drifted down a bit on decreasing volume.
Should probably follow the gold price in an exagerated manner once it settles/consolidates.

In fast moving markets and in markets where any trend is rarely maintained I become very risk averse.Where I have an opportunity to exit for Brokerage rather than sitting and Waiting for a lower stop to be taken out I just get out.
Then Im back in control.

 

[notting]

Just had a little trade filled at 80.5 it hit 78.5. Kind of forgot I had left the buy there!
Volumes kicking between those levels. Maybe just old trades like mine being dumped on, or buyers coming in. I can't tell

 

[tech/a]

Just had a little trade filled at 80.5 it hit 78.5. Kind of forgot I had left the buy there!
Volumes kicking between those levels. Maybe just old trades like mine being dumped on, or buyers coming in. I can't tell

Mine filled at 80 c

 

[explod]

Could be a good day, they have just announced better grades and increased resource this morning.

After shooting through early for the weekend left my trade on the table, but it will pick up to a new high soon enough in my view..

 

[mr. jeff]

NST has been strengthening (?) and has seen reduced selling over the last few days. Whether it manages to break above that 93 c mark will be interesting to watch. I sold at 92c on Friday and am thinking that perhaps that was not the right move to make....

Solid performance so far, a break of this level may signal a continuation of the move. If gold holds up there is certainly a case for this to continue when looking at the fundamentals and technically it may make a jump shortly to clear that level, or get rejected. Opinions ? Sorry I cant post a chart, don't have the correct tools.

(Please don't bother telling me about fundamentals not being relevant) !

 

[notting]

It's funny how gold stocks generally trade along with their US dollar value. As the Euro strengthens the US$ looks cheaper makeing gold look more expensive.
I guess as long as the smoke and mirrors of Euroland are keeping up the mirrage then goldies will be doing ok.
This could go on for a while but I'll be out as soon as it gets real again.

 

[Chasero]

NST has been strengthening (?) and has seen reduced selling over the last few days. Whether it manages to break above that 93 c mark will be interesting to watch. I sold at 92c on Friday and am thinking that perhaps that was not the right move to make....

Solid performance so far, a break of this level may signal a continuation of the move. If gold holds up there is certainly a case for this to continue when looking at the fundamentals and technically it may make a jump shortly to clear that level, or get rejected. Opinions ? Sorry I cant post a chart, don't have the correct tools.

(Please don't bother telling me about fundamentals not being relevant) !

Yep, I am still holding as NST just bounces right back every time...

It went down to 82c and bounced right back... still waiting for $1 to hit

 

[marioland]

With the ongoing increased gold production and the great results, anything under $1 I reckon is cheap buy.

 

[kr1zh]

this stock is now 99 cent. $1 is not very far...

 

[TMC93]

Im a bit worried about the growth rate of this stock, i bought a small parcel at 89c a little while ago. Does anyone think that the market is overpricing this stock? The chart is impressive though

 

[kr1zh]

The trendline still shows uptrend, it might experience correction but let’s hope that would not be a deep correction.

I have attached the charts for references.

Can others share thoughts about this stock?

 

[TMC93]

Just went through $1.00

 

[Chasero]

Very happy man today

Will look to re-enter further down the line. Took profits today

 

[marioland]

They increased production and they aim to double it over the next year. They had the richest drilling results in Australian gold mining history. They compare themselves with Ramelius Resources in the report (their share price jumped from 40c to $1.5 upon the results which were about half as good as NST) as well as Dominion Mining which were bought by Kingsgate.

 

[investorpaul]

Im a bit worried about the growth rate of this stock, i bought a small parcel at 89c a little while ago. Does anyone think that the market is overpricing this stock? The chart is impressive though

Hi TMC

Not advice, but I originally was looking at buying NST at 50cents. I ended up missing the boat for a variety of reasons and now look at other options.

I guess the question to ask is what are the chances of this going to price $X and over what time frame.

If you are looking at holding for a number of years then there should be more upside to come if they can execute their proposed strategy. If you are looking at shorter term opportunities is there something that may deliver a greater percentage in the same timeframe?

Say NST goes up 20%, cracking a dollar along the way. How much more room would their be based on current fundamentals? And is there another stock that has the potential to increase by more than that percentage with a similar amount of risk.

As always DYOR and for the record I do think NST is a good stock, managed well and with bright prospects. I am just waiting to see if/how it consolidates

 

[TMC93]

Hi TMC

Not advice, but I originally was looking at buying NST at 50cents. I ended up missing the boat for a variety of reasons and now look at other options.

I guess the question to ask is what are the chances of this going to price $X and over what time frame.

If you are looking at holding for a number of years then there should be more upside to come if they can execute their proposed strategy. If you are looking at shorter term opportunities is there something that may deliver a greater percentage in the same timeframe?

Say NST goes up 20%, cracking a dollar along the way. How much more room would their be based on current fundamentals? And is there another stock that has the potential to increase by more than that percentage with a similar amount of risk.

As always DYOR and for the record I do think NST is a good stock, managed well and with bright prospects. I am just waiting to see if/how it consolidates

Thanks Paul, When i entered this stock i decided i would be happy to hold this stock for the long term as long as it keeps its appeal up. I suppose that was why i was surprised at the rise in SP today, from the last year it looks as if i bought at the top of the trend but who knows, it might just be the bottom of a large year scale trend. Will just have to wait and see how this one pans out.

 

[investorpaul]

Thanks Paul, When i entered this stock i decided i would be happy to hold this stock for the long term as long as it keeps its appeal up. I suppose that was why i was surprised at the rise in SP today, from the last year it looks as if i bought at the top of the trend but who knows, it might just be the bottom of a large year scale trend. Will just have to wait and see how this one pans out.

Long term it has potential.

If they bring on Ashburton and increase combined production to 200k oz p.a. they will be generating some serious free cash flow. They can then use this to expand further and repeat the process.

The risk with NST at the moment is all operational (i.e. managements ability to deliver on their projections). If you believe in management then you believe in NST.

There are obviously outside forces such as the global economy and the gold price, but they cannot be managed by you or the company and would therefore affect any gold stock you invest it.

 

[Chasero]

Hm how long will gold rally till?

New year usually means a bit of a rally no?

1,600 looks like it'll continue to at least 1,650 at least.

NST should profit nicely, might hit high 80s or low 90s.

Stay strong gold!

Long NST @ 80c...

 

[pixel]

NST looks like it's close to support; but so far it's still vulnerable IMO.
If the current "flag" pattern plays out, there will be enough upside to warrant a little patience. Lacking volume is also some concern: A breakout should be supported by high volume.

 

[explod]

Support at 80 cents looks pretty good this end.

As you say volume low but improving.

Till more news it will continue to run with the price of gold IMV.