NST - Northern Star Resources

[Chasero]

"Technical buying could spark gold's rally, traders said. The metal is inching closer to its next critical resistance of 200-day moving average at around $US1,630 an ounce. The metal had held the chart support for almost three years until December 14."

Once $1,630 passes NST should hopefully see 86c +

Until then, let's hope gold rally doesn't fade

 

[Chasero]

"Technical buying could spark gold's rally, traders said. The metal is inching closer to its next critical resistance of 200-day moving average at around $US1,630 an ounce. The metal had held the chart support for almost three years until December 14."

Once $1,630 passes NST should hopefully see 86c +

Until then, let's hope gold rally doesn't fade

Wow, NST postive anns never stop coming.

Yesterdays ann caused traders to buy (up 3%)

Todays movement from retail investors? up 6% to 91c...

What price is everyone selling at?

I'll hold.. for now.

 

[mr. jeff]

Assuming that gold does not fall severely, NST is an extremely good prospect right now and with a market cap of $ 287M, production and plans for 200kOz/ann in the near future, there is a very good case for continued strength, possibly up to around $450M this year.

That would be 1.40 per share which is not unrealistic.

However gold stocks are worth being careful with as they have shown that they are not the ultimate safety that gold itself allegedly is.

NST however is a great pick in the sector.

 

[barney]

NST however is a great pick in the sector.

Its been an absolute stand out for sure and well done to those who got in early.

NST recently "sold" a small tenement near Halls Creek to Bulletin Resources (BNR) which looks interesting for anyone researching minnow Gold stocks. BNR's management are a standout imo, and the fact that they are on dealing terms with NST management certainly gets my attention.

 

[Chasero]

Read an article that there's not going to be a lot of gold buying from China this week due to preparations for Chinese New Year.

Im out of NST @ 92.5c. Looking to re-enter further down the track.

 

[Chasero]

Read an article that there's not going to be a lot of gold buying from China this week due to preparations for Chinese New Year.

Im out of NST @ 92.5c. Looking to re-enter further down the track.

Wow, big mistake selling out so early.

Who would know it would hover around 91-93c for a week then jump to 98.5c.

Always easier in hindsight.. damn those positive anns

 

[Chasero]

anyone think a cup and handle formation has formed?

The handle being the magic $1.00 resistance.

Looks to be broken today, and depending on close might have a run upwards to ~$1.20. (IMO)

I am in @ 1.045

 

[mr. jeff]

I don't know anything about cups and handles, except that I see one heading towards my face every morning, but if it holds above that $1 mark then we are looking good.

Shall I sing NST's praises yet again ?

As opposed to other goldies, this is the most prospective and obvious gold stock around to invest in as it offers good production which is building rapidly, amazing resource growth which is UNDERWAY, not hoped for, and valued at a lot less than comparables.

Not to mention that NST is not in an area where people get taken hostage or it rains for 14 months of the year. Might sound like a cheap shot at RED, but when you compare them, it highlights some things. I hold both, but at this stage, NST has a serious plan for 200kOz and great drill extensions to date. If only it was in West Africa.

 

[jancha]

I don't know anything about cups and handles, except that I see one heading towards my face every morning, but if it holds above that $1 mark then we are looking good.

Shall I sing NST's praises yet again ?

As opposed to other goldies, this is the most prospective and obvious gold stock around to invest in as it offers good production which is building rapidly, amazing resource growth which is UNDERWAY, not hoped for, and valued at a lot less than comparables.

Not to mention that NST is not in an area where people get taken hostage or it rains for 14 months of the year. Might sound like a cheap shot at RED, but when you compare them, it highlights some things. I hold both, but at this stage, NST has a serious plan for 200kOz and great drill extensions to date. If only it was in West Africa.

Hate to tell you but there's only 12 months in a year. Mr Jeff can you give me an estimate on the difference between the cost in producing and taxes paid out for both NST & RED for the next 5 years while your at it with your comparision?
Both have their for & against. Value wise i would say RED imo.

 

[Chasero]

Well, if it closes at $1.05 it will be extremely bullish imo.

Long term resistance (from last qtr of 2011) of $1.00 to be broken and act as support from now on.

 

[mr. jeff]

Hate to tell you but there's only 12 months in a year.

That explains a lot. When I get through grade one I will hopefully have this memorized.

I agree that they are both attractive stocks hence why I hold both. Don't know about tax but I am considering risk which is hard to price in - such as country, weather, production, exploration and development etc.

Haven't got time to run through pro's and cons of each in detail, especially the tax part, so just bought both. In one years time it will be interesting to see what has happened. (not that I will hold either for the entire year unless they run solidly up).

 

[Chasero]

Yep lots of action at $1.07.

The spread tomorrow is going to be huge if this closes at around $1.10 lols.

 

[Moit]

Yep lots of action at $1.07.

The spread tomorrow is going to be huge if this closes at around $1.10 lols.

Hey Mr Jeff, Jancha and Chas. I'm out of RED and into NST as of today. NST prides itself for regular Ann's and never disappoint. The buy and sell depth ratios are looking sweet. In this for the short to medium term for the moment. Whats your tech analysis on Northern Mr Jeff ??

 

[mr. jeff]

Hey Mr Jeff, Jancha and Chas. I'm out of RED and into NST as of today. NST prides itself for regular Ann's and never disappoint. The buy and sell depth ratios are looking sweet. In this for the short to medium term for the moment. Whats your tech analysis on Northern Mr Jeff ??

I've been waiting for movement with NST for a while.



Technically it has broken above the last couple of months' consolidation which is good and now expect the move to hold ground above $1.00 and perhaps short term retest that level before strengthening and moving up in that channel.

I would say that POG allowing, with drilling and resource increases to forecast, could quite easily see 1.70 - 2.00 by end of the year. It's MC is 350 M which doesn't reflect the fact that NST is heading into much greater production rates and have some premium dirt to drill and dig that we already know is rich.

You asked for technical analysis, you got both - sorry.

 

[jancha]

That explains a lot. When I get through grade one I will hopefully have this memorized.

I agree that they are both attractive stocks hence why I hold both. Don't know about tax but I am considering risk which is hard to price in - such as country, weather, production, exploration and development etc.

Haven't got time to run through pro's and cons of each in detail, especially the tax part, so just bought both. In one years time it will be interesting to see what has happened. (not that I will hold either for the entire year unless they run solidly up).

They both have risks but which one of the two has the most in % to gain?
Tax part is easy as RED does'nt pay any tax for the 1st five years and production costs are considerably lower than NST.
Imo RED has a bigger chance of reaching $4 before NST reaches $2 regardless of risk with country and weather.
This however is the NST thread so RED should be kept to the RED thread even if you hold both.

 

[Moit]

Thanks a lot Mr Jeff. Great T/A work. I don't think this little up ward trend has finished just yet. I'm hoping its just the beginning. I honestly believe with some of the Goldie's out there, this certainly is a standout. Theres too much going for it. Hows 12.178 kg of gold per tonne once they hit that lode. Production costs will diminish greatly. Not to mention 200 000 ounces a year...

Jancha, the fundamentals for both look great. There is of course the political and environmental risk, not to mention the extreme rain falls that could seriously effect Reds production. I believe NST will hit $2.00 before RED hits $4.00. Management for NST continue to deliver. I cant fault them or there prodjects... That in it self says a lot.

Cheers Moit. Just my thoughts...

 

[Moit]

Tech, whats your thoughts on the breakout of NST. Can you see it continuing for a while.. Breaking 12 month highs, above average volume. Whats your thoughts...

Cheers Moit.

By the way no chiefs...

 

[tech/a]

Nice!!

Click to expand

 

[Moit]

Good stuff, thanks Tech. Appreciated. So if I'm correct you'll be throwing in a buy order in 1 or 2 cents above the closing high, lol...


Thanks again to you and Jeff...

 

[tech/a]

Good stuff, thanks Tech. Appreciated. So if I'm correct you'll be throwing in a buy order in 1 or 2 cents above the closing high, lol...


Thanks again to you and Jeff...

For me I'll have a buy stop 1 c above today's high with a stop at 30 % of the range of today's bar--- incase it reverses quickly.
If that isn't taken out then it's wait and see for a clear signal.