NST - Northern Star Resources

[McLovin]

Its just ashame instos drove the price up, and sucked in us mum and dad investors.

If you're going to swim in the deep end you better know how to swim...

A capital raising isn't necessarily bad news. Mining companies are capital intensive during their ramp-up phase.

 

[tech/a]

Hi Tech. You weren't sticking around for a few days to see how things could have panned out.

No
Ill watch without $s at risk.
Slippage like this trade are fortunately rare.

Every now and then I get a positive gap.
This negative one balances the numbers a little.

A cost of trading.
On with the next one.
I'll be watching. this one for opportunity.

 

[marioland]

Very soon we will have an acquisition otherwise I don't see the point of the recent CR. We will be back above the $1 mark by the end of the week!

 

[Starcraftmazter]

Very soon we will have an acquisition otherwise I don't see the point of the recent CR. We will be back above the $1 mark by the end of the week!

I was thinking they simply wanted to conduct further exploration?

 

[barney]

I was thinking they simply wanted to conduct further exploration?

Management have been strongly hinting (actually stating) for some time that they are in the market for aquisitions .....

The real money will be made by those who work out which Company/Companies NST are going to go after ...... I have a couple of candidates, but the price action on them doesn't parallel my suspicions at this stage .... more water required to flow under the proverbial bridge before the story unfolds methinks .......

 

[suhm]

well they need a refractory ore processing plant and they have a jv with a junior with a resource within trucking distance to paulsens. The first would require more money than the other.

 

[Starcraftmazter]

So you are saying they want to purchase a gold mining company with an ore processing plant so that they do not need to build one themselves?

Presumably this will save quite a bit of time and bring forward the production schedule?

However do gold producers typically have a lot of spare capacity in their plants?

 

[6figures]

where u guys think its headed? down again today near CR price..

 

[notting]

Will take a bite about 10% below that.

 

[Chasero]

Am frankly quite shocked at the sp today!!

0.895 ouch!! This CR.. really!

 

[Chasero]

Finally looks like NST has hit a bottom.. sellers stopped selling today

 

[Fantasy09]

Not so much reaction to today announcement, any ideas why...

 

[Starcraftmazter]

Not so much reaction to today announcement, any ideas why...

It's up on a down day when most gold miners are down as well - what else do you want? :

 

[Chasero]

Not so much reaction to today announcement, any ideas why...

Sometimes it takes a few days for anns to take effect..

Plus considering yesterdays spike of +~8%.. I expected today to just break even.. yet looks like another up day.

Still trapped LONG on this one.. *Grumble*

 

[mr. jeff]

Not so much reaction to today announcement, any ideas why...

At least mention what the announcement was! We don't have the automatic posting function but ASF has more contributing members and less rampers/dumpers. Lets keep it that way by making an effort for the benefit of others.



Interesting announcement. Will be waiting on drill results to push the 200kOz/annum target along though, that is where this stock will really find it's strength. As soon as it can make the case, would expect to see the market cap at more like $550-600M, as opposed to current $376M or share price to head from 0.965 up to 1.45. I do acknowledge that this is very rough though.

 

[explod]

At Paulsens they are reporting grades of 105 ounces to the ton.

Read Wrap today (The Australian).

Can this be for real ?

 

[Starcraftmazter]

At Paulsens they are reporting grades of 105 ounces to the ton.

Read Wrap today (The Australian).

Can this be for real ?

Have a look at the March 6th report:
http://www.nsrltd.com/download-355.html

The results include 1m at 3390gpt gold (3.4kg/t). This was part of an overall diamond drill hole intersection of
8.4m at 412.5gpt (Fig 1). It follows the recently announced Voyager 2 intersection of 0.8m at 12178gpt,
believed to one of the highest grades ever recorded in the Australian gold mining industry.

And Voyager 1

At Voyager 1, the latest drilling has produced a series of significant results, including (uncut);
1) 5.2m at 108.6 g/t gold (4.2m true width), including 0.54m at 1016g/t
2) 5.3m at 93.3 g/t gold (2.3m true width), including 1.4m at 331g/t

 

[explod]

Thanks for bringing us up to date Starcraftmazter.

A nice long to medium termer in my view. The sell off due to capital raising is typical these days and of course the funds are to get production underway in the Paulsen's area. Go figure.

When it all settles down in a month or two and with a continuing firm gold price this should be a good investment.

 

[mr. jeff]

Thanks for bringing us up to date Starcraftmazter.

A nice long to medium termer in my view. The sell off due to capital raising is typical these days and of course the funds are to get production underway in the Paulsen's area. Go figure.

When it all settles down in a month or two and with a continuing firm gold price this should be a good investment.

Ongoing news and a report released April 4.



So anyone that is holding has something to look forward to - extensions to the deeps. The report shows plenty of cash and gold on hand and further news flow with excellent cost control (costs at $550/oz from memory) looking OK at this stage and still one to watch.

 

[Starcraftmazter]

NST has been doing a great job since bouncing off support, consistently outperforming it's peers in the last few weeks. Bit of a downer today a lot of selling at 10:10am, but it's been going back up. We'll see next week if the NST rally will continue or not.