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perhaps you just need to take a shorter time frame.
At least NST pays a divvy.
I am happy to buy anywhere below 6.70, and then look to take my profits around the 7.45 mark (or higher).
Mick
perhaps you just need to take a shorter time frame.They're spending too much on development capital to interest me at the moment. And it will be similar in fy23. They've withdrawn guidance as to capital expenditure in fy24. In fact they have a capital hungry 5 year growth plan going out to and including fy26. Throw in high ASIC, inflationary environment, Covid, and exploration $120-125Mn annually, Fed profit tax, State royalty. WTF? What are we pulling it out of the ground for - to plough most of it back in? They're still hedging. I am unenamoured of fy26, I want a slice of the fat AUD gold price pie now.
Held
They're spending too much on development capital to interest me at the moment. And it will be similar in fy23. They've withdrawn guidance as to capital expenditure in fy24. In fact they have a capital hungry 5 year growth plan going out to and including fy26. Throw in high ASIC, inflationary environment, Covid, and exploration $120-125Mn annually, Fed profit tax, State royalty. WTF? What are we pulling it out of the ground for - to plough most of it back in? They're still hedging. I am unenamoured of fy26, I want a slice of the fat AUD gold price pie now.
Held
Howdy F, I really don't do charting. its a science that I have little faith in my ability to undertake.@mullokintyre is 6.70 or so your valuation on fundamentals? I can't see any significance for that price on a chart? I was hideously wrong in a prior charting post with the opinion that the monthly chart was cause for optimism; in the outcome it marked a peak. There's a big head and shoulders above $9.
Bit skeptical also, mining operational costs have risen significantly across the board. If the next activities report reflects this and revises guidance downward, expect share price weakness in spite of a rising gold price.Just passing on that Greg Canavan of fat tail research whom I like seems close to recommending NST as a buy in his latest vid. His approach is not to bottom pick but wait for a positive trend to be reasonably established.
fwiw G Canavan at f'tail advisory is still neutral. His view pretty much mine is except with more conviction and thought on his side. I am mostly set for long term in gold stocks and don't care about an anticipated pullback although I would look again at EVN and SLR at a lower price (don't hold either). I admit it is risky to hold off buying for anyone wanting a position in gold stocks.
Greg has a previous recco with a current hold sentiment for NST.
An excerpt from yesterday's advisory:
"Gold and gold stocks continue to rally
Does this sound familiar?
You wait for a correction, and it never comes. Then you lose patience, buy-in, and the correction comes…
My feeling is that this is what’s going to happen to a lot of people chasing the gold stock rally.
For now, though, I’m the one that has this wrong in the short term, at least. I thought a correction would have unfolded by now. But the rally just keeps going.
As you can see below, the Aussie Gold Index started the year strongly, surging through resistance (chart)
But it’s also back into overbought territory (shows daily chart RSI at overbought level), meaning it is stretched in the short term.
This is where chasing rallies can be dangerous.
So I’d continue to recommend patience here.
I’m confident you’ll get a chance to add gold exposure at better prices in the weeks/months ahead."
Held
Good morning
Northern Star Resources Limited (NST) will release its quarterly report for the period ended 31 December 2022 pre-open on the ASX platform on Thursday, 19 January 2023. Nice.
NST has 10% ownership of PXX.
NST 52 week high today (11/01/23).
Holding
Kindly conduct your own due diligence.
Have a very nice day, today.
Kind regards
rcw1
View attachment 151528
i hold some NST , but have been ( carefully ) accumulating EVN , instead ,Good evening
Have been accumulating NST. Another 52-week high today. Wanted the SP to crack on through that $12 which it did, then every chance was going to gain momentum and explode north, post $12.10, but did the complete opposite and fizzled out. ha ha ha ha. Watched this one like a hawk today.
Holding
NST 1 minute chart for today 12/01/23;
View attachment 151599
Good morning divs4ever,i hold some NST , but have been ( carefully ) accumulating EVN , instead ,
i wonder if NST had expanded so much costs will be a problem , giving me a chance to buy ( extra ) later , while EVN focused more in reducing costs , which isn't so sexy for investors , giving reasonable top-up prices , in the past year
good luck
Interesting market reaction, NST initially down sharply now up 1%. Analysts seem to be reacting favorably to the quarterly update with the Gold spot price trying to stay above the $1900 USD level.NST 1/4erly December 2022 published this morning (19/01/23) - getting head around it...
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