NST - Northern Star Resources

[explod]

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.

They've got the gold and new reefs keep proving up better too.

Great stock to go with gold as it rallies again in my view with no sovereign risk.

 

[mr. jeff]

From strength to strength and still one of the best in the business.



19m at 75gpt over 12m width. That's quite good.

Great grades and more to come yet I think.

 

[Chasero]

This is my only gold stock.. and still sitting on a large loss. (damn you CR!!)

Was going to sell in March but looks like I'll have to hold till June.

Happy to hold anyway since the long term trend is still up.

 

[Starcraftmazter]

This is my only gold stock. And will continue to be so long as it keeps consistently outperforming. Constant flow of positive announcements, I love it - unlike some *cough* RED *cough*.

By my figuring gold will soon bounce quite a bit higher, if that happens then NST will undoubtedly be off to the moon.

 

[mrlister]

wasn't NST at *cough* 1.14 *cough* in February?

 

[Starcraftmazter]

wasn't NST at *cough* 1.14 *cough* in February?

According to my chart, yes.

 

[mrlister]

anyone care to discuss exactly what is happening to this stock?

 

[Starcraftmazter]

anyone care to discuss exactly what is happening to this stock?

No clue. NST has been bouncing like a yoyo since the capital raising so I've just been trading the range. My assumption was that it would bounce at 0.820, but I didn't and so I didn't go back in since all I saw was more selling (why bother).

I had a look at the quarterly report, there was some graph showing declining profits, but I don't do fundamentals so I have no idea if it's somehow relevant/unexpected.

Wouldn't touch with a 10 foot pole at the moment until it clearly bottoms out. In the last 1-2 weeks it moved from a stock that was a clear outperformer amongst gold to a clear underperformer.

Would be interested though if any fundamentals here could comment on the quarterly.

 

[Chasero]

Technically, doesn't look great.

I think market sentiment on gold stocks atm is just down down down.

I upped my holdings on what the market likes atm... i.e. graphite

 

[notting]

Has had a bit of support at .75 ish before.
NCM which is a bit more rounded given it's size and international statues etc and has underperformed but has managed to stabalise and even move up this week.
That helps me feel a bit more confident about the smaller ones being pounded at present.
Gold stocks are mental most of the time.
The only thing that concerned me about this one is that it's reports almost sounded too good to be true, like a scam.
If it's really that good, however, it's good!

 

[mrlister]

0.75 seems to be a common support zone for it so will be interesting to see where it goes from here. I like others didn't think the quarterly was that bad.

 

[mrlister]

Trading halt. Any Guesses as to why?

 

[stockGURU]

Trading halt. Any Guesses as to why?

It pays to actually read the company announcements:

Northern Star Resources Ltd ("NST") requests its securities be placed in a trading halt immediately pending an announcement regarding a corporate transaction and updated growth strategy.

 

[Starcraftmazter]

I'm assuming they bought another gold junior or a site to prospect or something. All that capital raised couldn't have been for nothing, and the gold price presents unique opportunities.

 

[Starcraftmazter]

Anyone watching/trading NST today? Every resistance since open this morning has been smashed with strength and sellers are dwindling.

 

[mr. jeff]

They have just reported great results from drilling below voyager 1 at Paulsen's which is big news as previous drilling returned little and they were planning on moving to voyager 2 when existing resource was depleted. Now there is extensions, it will increase life.

NST still producing and increasing production. Looking good (not on the chart maybe though).

 

[pixel]

http://www.asx.com.au/asx/statistics/displ...;idsId=01303829

Paulsens set for higher cash margins and longer life on back of ~14gpt extension zone

This morning's announcement will certainly boost market interest; I even suspect some people "guessed" early.
After the initial euphoria, however, I suspect the price will retrace to test the breakout level before heading North again. Could drop as low as the 50% level on the Fibonacci study below.

 

[explod]

15 million shares changed hands on the close, up 13.24 at 94 cents on the day.

Must have hit a big one, where's Lasseter's Reef again?

Cheers to us holders.

 

[pixel]

15 million shares changed hands on the close, up 13.24 at 94 cents on the day.

Must have hit a big one, where's Lasseter's Reef again?

Cheers to us holders.

I suspect the price will retrace to test the breakout level before heading North again. Could drop as low as the 50% level

 

[skyQuake]

15 million shares changed hands on the close, up 13.24 at 94 cents on the day.

Must have hit a big one, where's Lasseter's Reef again?

Cheers to us holders.

Part of a rebalance. Hence the push up at the cls