Northern Star Resources (NST)

Yeah was looking hard at this baby as soon as the ownership changed hands sare price was in the 30's i believe... it just got to the back of the pile while I watched them achieve good drill results and extend the mine life....

Lesson for me to learn - a small possition on a good educated hunch sometimes pays off well...
 
What was your call price?
I havent kept up with how the resource has developed - they also aquired a property a while ago is that right?
 
NST looks great BB. Thanks for the tip.

Tempted to jump in cos they are extremely good value(ROE), with a proven production history, unhedged, low cost producer. Just a little concern about their resource size and possible increase in cash cost as they mine deeper underground in the long term.

Definitely a candidate for a short term trade with their RSI indicating that appear oversold.

Check out NMG. I like their fundamental and technical story. I'm torn with which to buy, since both are such good value. However NMG is probably a riskier bet, but i think higher return.
 
Bullion Baron said:
My buy order failed :(, reached a cap on % in direct equities. Will be a few months, hopefully price stays depressed until I can buy.
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That really sucks - and its quite restrictive considering the volatility of the mining sector

I had another squizz last night. P/E is a bit high for such a small operation - I would be happier if it was 10 or below, but then when you only look at one thing it doesn't tell the whole story.

50's look better for me, but thats only because of my personal requirements at this stage.
 
Thats the second time Ive watched this stock get away...

first time @ 40c

second time (months and months later) @ 64c
 
8.2 million shares dumped by members of the board :( Starts panic selling/buying by investors and fund managers today

Share price down 11.44%
 
Down almost 9% today?
Seems like only good news on the 12/12/12?
Been thinking of this one for a while and this looks like a nice discount
 
$1.32 per share atm.................not bad, but not as good as when I got in between 70 - 80c, seems to be very volatile atm

couple of days ago it did go down to $1.23, that was a good buying opportunity, this stock is still undervalued imo
 
Northern Star Resources provided its December 2012 quarterly activities report, reporting that a series of performance records at the company's Paulsens gold mine in WA resulted in it recovering 20,515oz in the three months at a cash cost of $600/oz and total cost of $924/oz. The strong results came despite the Paulsens mill being closed for nine days to enable the plant upgrade to be completed. The increase in processing capacity means the company is set to produce more than 100,000oz at Paulsens in calendar 2013. This increased production, combined with higher head grades and lower costs, means the company is on track to generate up to $85m in surplus cash from operations for 2013. Ore stocks at the end of the quarter totalled 102,022t containing 10,777oz of gold, an increase of more than 85% from the previous quarter. Gold in circuit and transit was 4,283oz. Gold sales for the quarter were 19,728oz at $1,665/oz, generating revenue of $32.9m.
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Full quarterly report: http://www.asx.com.au/asxpdf/20130131/pdf/42cpxz4lf7qxq3.pdf

so... good quarterly report, but share falls to $1.00? make sense to anyone else?
 
A few companies are reporting record production and lower cash costs and the market is ignoring it, using the (non existant) rally to sell into.....

NST is not undervalued per sa, but even the undervalued producers reporting good news is being ignored by the market. This is a really good sign that a bottom is either in or close, people are completely shunning them - for no good reason.

Patience, and deploy capital wisely, make every dollar count. Ive been a little too hastey and am running very low on cash. Big money in big companies and small money in small companies. My personal suggestion for some risk managment is to focus on companies that are producing and making money.
 
Agree NST was cheap when I said it was a buy a while ago at 60c.

Here's a tip buy RSG. Great undervalued producer with 400k oz production per year.

Expect them to rise by 50%. Now is a good entry or maybe wait after May.

Remember sell in May and go away. Buy back in June.
 
About RSG,

They have soverign risk, Mali is not a great place at the moment. I personally stay out of investing in African producers for the reason that Africa is a very unstable place
 
Got into this one at about a dollar. Still got a little more to give to it. Bought on the mistaken notion that price could be ranging inside a falling wedge. Price dropped out of that pattern, now envisioning notion of a broken H&S neckline at 1.20 with target close to the gap at ~82c, as well as +2 yr rising support trendline currently at about that price too.

I worry a bit about the expanding range of significant highs and lows over the last 2-3 years. Obviously you have to be a near term gold bull to dabble in this stock right now.
 
Today it's trying to break above the downtrend that's been in effect since November 2012. Put a ruler across the peaks. RSI momentum indicator ready to cross neutral line. If it can get up to a dollar it will have made a higher low and a higher high.

Reserve and Resource upgrade for paulsens today. Company reckons +5 year mine life as minimum now. Company has suggested much more to be uncovered at Paulsens

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