Northern Star Resources (NST)

Discussion in 'Stocks & Derivatives' started by bazz1000, Nov 9, 2011.

  1. shano73

    shano73 Member

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    Glad I loaded up on this baby a few years ago :) good times.....:)
     
  2. finicky

    finicky Well-Known Member Silver Stacker

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    What do you reckon - more in this pullback?
    As best i can gather, mostly from other posters, NST is being 'deleted' from the GDXJ junior gold stocks index etf by Van Eyck fund. This supposedly due to market cap size getting too big. Others said to be out: OGC, EVN
    Last time there was a 'rebalancing' in 2014 it knocked more than 40% off the share price, but there was a different psychological climate around then for gold and the miners. The 2014 correction was the one that knocked me out of NST as i had already gone from profit to loss in DRM.

    The candles tempt me to wait to buy. Only have weekly to go on so far, but two bearish weekly hammer candles look like being confirmed by a big red this week (which of course is incomplete and could reverse - but unlikely)
    The proper pullbacks of NST have run for at least a month in the past.
     
  3. finicky

    finicky Well-Known Member Silver Stacker

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    Gold up A$40 or so overnight, fed pause on rate hikes, which Jim Rickards didnt pick.
    Northern Star shows its desperation with a drilling results announcement. Hoping that true width 18.1m @ an oz per tonne will stir the markets interest. So transparent. Retrace isnt over.
     
  4. finicky

    finicky Well-Known Member Silver Stacker

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    Looks like J Rickards got it right maybe 5 days or so before fed announced no hike. Someone called Andrew on twitter having a go at him for changing his mind from where he thought there would be a rise to rates on Mar 16

    Mar 12 tweets

    Andrew:
    @JamesGRickards so, now the Fed won't raise in March? You should run for president the way you flip-flop.
    3:12am - 12 Mar 16

    Rickards:
    [email protected] It's called updating. It's what all good forecasters do and I do it every day. Key is to follow the analysis.
    4:02pm - 12 Mar 16
     
  5. trew

    trew Active Member Silver Stacker

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    NST hitting all time highs today

    $4.70


    Still waiting for the pullback finicky ?
     
  6. billybob888

    billybob888 Well-Known Member Silver Stacker

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    Wish i bought nst instead of kcn. Went from $10 to $0.4
     
  7. SilverDJ

    SilverDJ Well-Known Member

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    That's brutal :(
     
  8. shano73

    shano73 Member

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    Yes big grin on my face at the moment :) go you good thing
     
  9. Caput Lupinum

    Caput Lupinum Active Member Silver Stacker

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    KCN is facing voluntary administration by the end of the year if they can't resolve their issues with the Thai government
     
  10. finicky

    finicky Well-Known Member Silver Stacker

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    ^^
    low content
     
  11. finicky

    finicky Well-Known Member Silver Stacker

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    Couldn't bring myself to buy. As well as hoping for a decent pullback, i suspect i was 'price anchoring' on what i originally bought and sold at.
    Anyway the whole 1st stage of the new bull defeated me as i saw it as a bear development in AUD, rather than new bull in gold. One has segued into the other without interruption it looks.
     
  12. trew

    trew Active Member Silver Stacker

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    I'm just happy to be on board with good management


    I can see these guys making a takeover offer for Newcrest one day
     
  13. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

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    Nst taking over ncm?
     
  14. trew

    trew Active Member Silver Stacker

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    In 5 years NST has gone from 50c to $5 due to brilliant management and NCM has gone from $40 to $20 with crap management
     
  15. finicky

    finicky Well-Known Member Silver Stacker

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    Might be mad, but I welcome this continuing correction in NST.
    My average is 4.13, closing price today is 3.91
    Chance of 3.00 - 3.50 has obviously strengthened, where I would add more. I'm now a fan of this management, and think the gold secular bull market has resumed, not that we have been witnessing a mere bear market bounce in Aust gold stocks since Nov 2014, jmo.

    However, looking at the asx gold stocks index, XGD, its looking dicey as to a more severe correction.

    I wonder what the other NST shareholders think, or are doing? Guess you'll tell us once you've been proven right, huh? #bitter

    S&P All Ords Gold Index monthly
    [imgz=http://forums.silverstackers.com/uploads/1893_big_32.gif][​IMG][/imgz]
     
  16. trew

    trew Active Member Silver Stacker

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    Bought some more today at $4

    Have bought NST at $1, $2 and now $4
    obviously wish I'd bought a sh*t load more at $1

    building cash waiting for the next big deal that will catapult them into the million oz league


    Doesn't really matter what the gold price does (except to provide more buying opportunities)

    Robert de Crespigny built up Normandy Mining into Australia's largest gold miner during a period of stagnant/falling gold prices,
    so this management could potentially do the same
     
  17. finicky

    finicky Well-Known Member Silver Stacker

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    In for 1,000 more NST @ 4.10
     
  18. trew

    trew Active Member Silver Stacker

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    Damn I was thinking about doing the same this morning and then decided to wait -

    got back from lunch and it was already up to 4.40! - arrgghh
     
  19. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Yeh, I got some at 4.18 today and was pretty stoked to see it touch 4.95. It's not every day you make 18% on a share trade.

    I imagine it's going to be volatile and swing hard with the gold price for the next couple days.
     
  20. finicky

    finicky Well-Known Member Silver Stacker

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    Monday will be 'interesting' for NST
    Here's the GDX chart again. The GDX etf holds 36m NST shares as at 11 Nov. GDX down 8% overnight Friday, down 16% for the week.

    Counter-intuitively, according to this info site, 'uptick' dollar transaction value exceeded downtick by a ratio of more than 3:1. Block trade uptick to downtick was 10 times that. Yet the price is strongly down?
    http://online.wsj.com/mdc/public/page/2_3022-mfgppl-moneyflow.html?mod=mdc_leade

    Interpretation?

    GDX weekly
    [imgz=http://forums.silverstackers.com/uploads/1893_big_53.gif][​IMG][/imgz]
     

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