Northern Star Resources (NST)

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

  1. finicky

    finicky Well-Known Member Silver Stacker

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    8% discount on NST, I bought some @ 3.81. Now I notice down 9%
     
  2. finicky

    finicky Well-Known Member Silver Stacker

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    Picked up a few more NST today @ 3.29
    Down quite a bit on these now; also down RRL and DRM.

    Still have chart concerns over head and shoulders patterns with lower targets: NST and GDX etf
    See GDX chart below (NST and RRL constituents of GDX)

    GDX etf daily
    [imgz=http://forums.silverstackers.com/uploads/1893_big_65.gif][​IMG][/imgz]
     
  3. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    I bought some stock in NST about a couple of months ago for $4.60. Then I watched it go down to around $3.80, then a couple of weeks ago in recent rally I sold it for $4.45. Glad I got out.
     
  4. finicky

    finicky Well-Known Member Silver Stacker

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    Many lack the vision, audacity and tenacity to undertake the perilous journey of investing in gold companies. Such persons exit from the vehicle early in the journey and aggrievedly note their scuffs and scratches. Its different pictures of animals on precious metal coins for them :p
     
  5. Gullintanni

    Gullintanni Well-Known Member

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    looking back at these threads is a great way to see who knows their stuff.
    Without naming names i see at the creation of this thread the same person that call this stock overvalued also recommended a stock that failed .
    very interesting if they followed their own advice as they would have missed out on this ride up and lost on their own pick.
    Hmmmm.
     
  6. finicky

    finicky Well-Known Member Silver Stacker

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    Checkout GDX after last night's US interest rate hike
    Its only the daily chart but a very bearish candle and support around 20 looks questionable.
    NST a component of GDX, so is RRL and a few other Oz goldies

    GDX daily
    [imgz=http://forums.silverstackers.com/uploads/1893_big_71.gif][​IMG][/imgz]
     
  7. trew

    trew Active Member Silver Stacker

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    gotta love market logic - USD gold price down so the gold miners go down - even though the AUD gold price is unchanged

    Also looking at RRL now but on gross fundamentals NST seems better value
     
  8. finicky

    finicky Well-Known Member Silver Stacker

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    That wouldn't help. Just today I've noticed on my Comsec website that Morningstar analysts have downgraded NST's expected earnings per share to 2c fy17 and 15c fy18. I suspect there's only one analyst active and don't know whether it's worth posting.

    GDX confirmed its prior bearish engulfing daily candle with a gap down overnight. My target, $18 at a minimum and feel lower is possible, jmo.

    GDX daily
    [imgz=http://forums.silverstackers.com/uploads/1893_big_72.gif][​IMG][/imgz]
     
  9. finicky

    finicky Well-Known Member Silver Stacker

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    NST, where is my conviction? Why aren't I buying? These questions will be answered soon - or maybe not.
     
  10. trew

    trew Active Member Silver Stacker

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    Bought more today at $3
     
  11. finicky

    finicky Well-Known Member Silver Stacker

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    I'm putting a limit on what I'll put into one gold stock, even NST, so I didnt add around $3 on Friday. However I would add @ $2.50 if it reaches that. Bounce tomorrow perhaps but, taken purely as a chart, lower strikes me as possible. Similarly RRL I might buy more if it hits 2.25
    Got an email from Casey Research that features Jim Rickards enticing readers towards 'penny' gold stocks for the inevitable day when gold ($US) blows through $10,000 on the way to over $14,000. Northern Star should recover well.
     
  12. finicky

    finicky Well-Known Member Silver Stacker

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    Gold up strongly ~ $17-18 aud overnight, but largely due to continuation of drop of aud against usd. Gold in usd up only a few bucks and the GDX gold stocks etf up only 6c (.32%) at 19.08

    Maybe I'm barking up the wrong tree thinking of GDX as one guide to NST as GDX's holding of NST has slightly increased since I've been casually observing it - 37,214,796 shares now held at Dec 16

    AUD/USD 5 day chart
    [imgz=http://forums.silverstackers.com/uploads/1893_z.png][​IMG][/imgz]
     
  13. finicky

    finicky Well-Known Member Silver Stacker

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    Like Regis Resources (RRL), Northern Star (NST) put in a bullish hammer candle for the month of December. Could $3 have been the LOW? From almost $6, the stock retraced to $3. That's close enough to 50%, not a bad discount for a company like NST. I failed to add, hoping for another drop to 2.50

    NST monthly
    [imgz=http://forums.silverstackers.com/uploads/1893_nst_mthly.gif][​IMG][/imgz]
     
  14. finicky

    finicky Well-Known Member Silver Stacker

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    GDX, The Van Eck gold stocks etf which holds a lot of NST RRL EVN and other Aus Gold stocks has deactivated the head and shoulders that I was imagining. A head and shoulders or any other pattern isn't real, it's just an attributed pattern that might help in interpreting a chart. I take a head and shoulders seriously enough to never buy a chart with one - e.g ACX recently despite buy advice.

    GDXJ also had a strong break overnight, up 8.5%

    GDX has broken back above $22 'neckline' which means the H&S can be discounted for the time being. The price has also popped above the downtrend line of a channel.

    GDX daily
    [imgz=http://forums.silverstackers.com/uploads/1893_gdx.gif][​IMG][/imgz]
     
  15. finicky

    finicky Well-Known Member Silver Stacker

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    NST is breaking above a reverse head and shoulders pattern here which looks hopeful for holders. Sloping neckline.
    Put a ruler across the last three peaks to get the idea. Volume on the break today was good. I suppose a break above 4.75 level will be more convincing.

    NST daily closing prices
    [​IMG]
     
  16. trew

    trew Active Member Silver Stacker

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    :D
     
  17. finicky

    finicky Well-Known Member Silver Stacker

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    You get a bit blasé about results like these. As the m.d implies, the real excitement will be when the organic exploration activities fully unfold (imo).
    Not to mention what a rampant gold price would do to revenue.

    March 2017 Quarterly Activities Report
    Costs fall to A$988/oz, driving up cash
    and investments by A$90m to A$393m
    Outstanding quarter highlights the cash-generating
    capacity of Northern Star’s Tier-1 assets

    KEY POINTS

     132,558oz of gold sold in the March Quarter at an average realised price of
    A$1669/oz; on track to meet FY2017 guidance of 485,000-515,000oz
     All-in sustaining costs (AISC) for March Quarter of A$988/oz; FY2017 AISC year to
    date is now down to A$1,044/oz, putting Northern Star on track to meet full year
    guidance of A$1,000-A$1,050/oz
     Cash and investments up by A$90m to A$393m at 31 March after investing A$31m
    in organic production growth and exploration; Northern Star has no bank debt
     March Quarter production:
    ▪ Kalgoorlie Gold Operations:
    - 58,857oz mined and 65,532oz sold at an AISC of A$867/oz
    ▪ Jundee Gold Operations:
    - 55,438oz mined and 53,914oz sold at an AISC of A$1,043/oz
    ▪ Paulsens Gold Operations:
    - 12,454oz mined and 13,112oz sold at an AISC of A$1,370/oz
     Further strong progress made on strategy to grow production and mine lives, with
    substantial exploration success at Jundee and Kalgoorlie operations
     Construction of the new 50,000ozpa Millennium underground mine remains
    ahead of schedule and under budget; first development ore in Sep-2017 Quarter
     Capital development to access the Armada and Revelation discoveries at
    Jundee is well advanced

    Northern Star Resources Limited (ASX: NST) is pleased to report on an outstanding
    quarter which has highlighted the significant cash-generating capacity of its Tier-1
    gold assets.
    Northern Star’s total cash and investments rose by A$90 million to A$393 million,
    despite spending A$31 million on its organic growth strategy. The increased total
    takes into account for the first-time Northern Star’s $18 million stake in Superior Gold,
    the TSX-listed company which acquired the Plutonic mine from Northern Star.
    AISC for the quarter fell to just A$988/oz on 132,558oz of gold sold.
    The strong quarterly performance means Northern Star is comfortably on track to
    meet its FY2017 guidance of 485,000-515,000oz at an AISC of A$1,000-A$1,050/oz.
    It also demonstrates the outstanding future for Northern Star as its organic growth
    strategy increases mine life and production.
    Northern Star Executive Chairman Bill Beament said while the quarter’s results were
    impressive, it was the underlying message concerning the Company’s future cash
    generation which should be most satisfying for Shareholders.
    “The results provide a valuable insight into the future performance of this
    Company,” Mr Beament said.
     
  18. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    Slightly makes up for yesterdays slump.

    Good quarterly report. Are you still accumulating?

    On a side note did you receive your dividends from the start of this month. I haven't seen mine yet.
     
  19. finicky

    finicky Well-Known Member Silver Stacker

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    I'd like a thousand more but will only buy if it drops below $4
    Received the dividend April 6th. Did you return the registry form where one item is your bank details? Otherwise delay might be waiting for cheque?
     
  20. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    I just filed that sheet away. All registered now. Thank you.
     

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