NST - Northern Star Resources

[explod]

Almost back to it's all time high today.

This indicates investors looking for certainty in uncertain times in my view.

 

[Trav.]

Interesting chart on this one, being unloved for the last few months as one of the mines POGO is apparently underperforming and has found some support around the $9.40 mark. They are also moving in on EAR as per latest substantial holders notice, which might give the SP further support.

 

[explod]

NS

Interesting chart on this one, being unloved for the last few months as one of the mines POGO is apparently underperforming and has found some support around the $9.40 mark. They are also moving in on EAR as per latest substantial holders notice, which might give the SP further support.

View attachment 98248


View attachment 98247

NST is a well established gold producer with a good number of gold diggings in Australia and with therefore no sovereign risk. Well oversold in my humble view which to me is merely sentiment on a small drop in production.

Australian gold price is currently on an all time high but very little mainstream press covers that. The penny will drop in due course and we'll see. DYOR.

 

[explod]

Just checked the five year charts for NST and gold which I find interesting:-

 

[travwj]

Having a look at NST and it seems to be having a bit of a sell off, but hoping that the up trend will continue when it hits a support level around the $9.40 mark.
Weekly chart below.

 

[Trav.]

Jumped in today on NST for a trade as it came up in a scan late last month and looks to be finding some support. Hopefully can hold above $10 and continue up to the $12 mark.

We will wait and see

 

[tech/a]

A simple ABC correction would see around $8

There is some very heavy selling in this down leg
so may get exhausted sooner than later.

 

[Gringotts Bank]

Yeh it's been monstered since late Jul. There's a big trendline at around 9$ on the weekly chart and behaviour around this line will tell us if there's any buyers around.

 

[explod]

It is very sensitive to the gold price and that is evident from the rise this morning and the gold price rise overnight.

 

[Trav.]

It is very sensitive to the gold price and that is evident from the rise this morning and the gold price rise overnight.

Second time that @explod has mentioned the SP link to the gold price and I was a bit slow on the uptake, but had a look this morning and found it very interesting how similar they are.

Im sure there are other goldies out there that do similar but good observation by @explod

Daily Charts

Weekly Charts

 

[rnr]

Does anyone else on the Forum have this area tagged on their chart as having reasonable potential for a trend reversal?

 

[Trav.]

I got timing on first entry wrong and entered again earlier this month on the dip.

Avg price is $9.50 so just got my head above water.

 

[Trav.]

I had high hopes for NST during the week when up 4% then down 6% today which saw weekly gains disappear and finished -2% for the week.

Not the only gold stock on my list to finish in the red, a bit disappointing....you can't win them all I suppose.

 

[barney]

...you can't win them all I suppose.

I'm hearing you

Newcrest chart looks even worse … although not as much fall today.

SLR down 9% today … GOR down 7% ….. PNR down another 3.5%

POG still looks an each way bet in the short term ….. maybe the new year will show more direction.

 

[Trav.]

Very exciting, well lets hope so anyway

 

[Trav.]

Lots of whispers yesterday on social media, but confirmed today.

I think it is a big call to buy a share of KCGM but hopefully it works out for all. It will be interesting to see how the SP reacts. Hopefully positive but with finding at $9 you could expect some negative sentiment.

 

[barney]

Hopefully positive but with funding at $9 you could expect some negative sentiment.

Huge commitment from the Co. Hopefully the cap raise is well supported and at least puts a base of $9 on the SP but who knows at the moment.

 

[tinhat]

SAR bought their 50% share for US$25m less that what NST are paying (US$750m vs US$775m).

 

[sptrawler]

There is always talk in Kal, that the reserves are dwindling and the known reserves are heading towards Town.
Here is an old article, but I suppose NST have done due diligence.
http://museum.wa.gov.au/explore/wa-goldfields/environmental-impacts/future-beyond-pit
From the article:

The End of the Super-Pit?
The Super Pit closure is going to be a long conversation, after all, we’ve got another 11 years to go and possibly more.

KCGM’s Community Relations Manager, February 2010

Many suggestions have been made for the site of Kalgoorlie’s famous Super Pit when it eventually ceases operation as a mine. A casino? An Australian Las Vegas? An inland lake? A race track? What does the future hold for the nearly four kilometre long, 600 metre deep Super Pit?

Kalgoorlie Consolidated Gold Mines (KCGM) is the biggest employer in Kalgoorlie. The working life of the Super Pit, as it currently stands, has been extended to 2021, but the future remains uncertain.

What will be the impact on the town of Kalgoorlie when mining ceases?

As a way of getting Kalgoorlie residents involved in thinking about life after the closure of the Super Pit, KCGM has initiated an open discussion, which can be contributed to on their website. Some residents have voiced concern about the effect on the local housing market, whereas others see great possibilities.

One response proposed a luxury resort "with great views of the internal pit:"

 

[barney]

Positive SP response so far since the acquisition announcement. (Hourly Chart)

Dropping a little as I posted Currently $10.14