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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| New Star Fin (See LSE:HFO) | NST | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 38.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 38.75 | 38.75 |
| Top Posts |
|---|
Posted at 04/9/2018 21:34 by arc en ciel NST wins bigtime again!Having kept its profits from the last few years safely stashed away in the bank, it now unleashes a takeover bid for the tier one high-grade Pogo mine in Alaska, owned by Sumitomo. Not content with already having bought and kept two US mines in W Australia (bought from Barrick and Newmont), it has now bought another from the Japanese in the US. And, of course it still possesses the original Paulsens mine in WA where it all started. All the time, the company produces gold with high-quality mining, experienced management and consistently successful exploration to expand resources and offset depletion at each mine. Bill Beament, CEO, has developed from being a leading all-Aussie gold miner into a world player and an international star. I'm up 1,100% on this investment (bought at Ac65, now A$8.10) but I'm not selling a share. The price of gold is about to recover and also I would not rule out more stunning corporate activity ahead. |
Posted at 07/5/2016 21:01 by arc en ciel bionicdog. Thank you for barking today. It seemed as though I was alone on this board.I have always had total faith in Bill Beament to achieve great things with his team and his company. However I still cannot believe that I am now up 11 times on this share (Yes a £20,000 investment then is worth £220,000 now.) If anyone goes back on this thread to 2011, they can clearly see that I originally bought at A38.5c and reported the price rising to over A$1 as early as 2012. Having made a thunderous success of the original mine, Paulsens, by paying back the acquisition cost (A$40m) in just 7 months with gold already in the mine, NST has subsequently bought three Barrick mines and one Newmont mine in Western Australia without effectively raising anything other than short-term loans which have now been paid back. The NST management team then cut staffing and overheads on all the mines they took over by huge percentages and still increased ounces produced. The company now produces some 700,000 ounces a year at a ASIC cost of some A$1,050 and a revenue of some A$1,700 per ounce. The co is completely debt-free, pays a great dividend and has an increasing mountain of cash to spend on extending mine-lives on all five mines, exploring and developing more mines and also indulge in further acquisitions. I am certain my investment will continue to grow with the talented management team in control,located in what is probably the best mining jurisdiction in the world for a gold miner. By the way, I invested in Gold Road (ASX:GOR) at about the same time as NST. This is now up 3.7 times for me. It hasn't done as well as NST as it is at an earlier stage and the grades are not so high. At the moment I am most excited about Blackham (ASX:BLK) which is located in the same region of W Australia as NST, is restarting an existing high-grade mine with substantial additional exploration upside and is scheduled to commence production within the next three months. |
Posted at 27/10/2012 10:51 by arc en ciel Has now hit $1.31 as a new high and is still climbing strongly on fundamentals not the gold price which is currently depressed at 1700 or so.Just look at the stream of ASX announcements; it seems as though NST is finding more gold at a quicker rate and, very importantly, at a far higher grade than any other gold developer you could find anywhere in the world. But it's not just an explorer, it's a mid-sized producer targeting 200,000 oz in 2013! NST's shareprice has trebled since my first purchase last year (at 38.5c) and virtually doubled on my second (at 66.5c). In addition to the capital gains, I've also had a very welcome dividend of some 3%. But at the rate it is adding to its gold resources and production, it should at least double from here in the next year or so. Any serious rise in the gold price will accelerate this. I'm still buying. |
Posted at 08/8/2012 23:20 by arc en ciel Back over a dollar today following the presentation at the Diggers conference in Perth.This company is really run very well by its MD Bill Beament and is gunning for production of 200,000 ozs a year in 2013 from its current two mines with huge exploration upside in the high-grade Paulsens mine and the surrounding region. It needs no more funding, has driven cash costs (including royalties)down to the $650-level,is flush with cash and is even starting to pay a dividend. It's certainly my favourite gold junior in the world! |
Posted at 16/11/2011 17:32 by bionicdog November 16, 2011Northern Star Gets Ready To Redefine The Word “Spectacular&r By Our Man in Oz The word “spectacular&r But given that last week the company’s shares enjoyed a strong upward share price run from assays also described as “spectacular&r After all, that “spectacular&r Most of the increased interest in Northern Star can be traced to the Paulsens mine, which it acquired in July last year after paying A$40 million to Intrepid Mines. At the time, Intrepid was seen as getting the better end of the transaction. Not today. Paulsens, under a management team led by Bill Beament, has been the subject of a classic makeover. Costs have been slashed after the company took full control of the mining process, expanded production, accelerated exploration, and acquired nearby assets. This calendar year alone should see Northern Star generate A$40 million in surplus cash from production of 75,000 ounces of gold at a cost of around A$682 an ounce. It will also push ahead with plans to grow the business to 200,000 ounces a year. Impressive as the financial numbers are, the real interest in Australia today revolves around the straightforward question: what does it take to halt trading in a company because of potentially “spectacular&r One possibility is that word of the latest assay results has been leaked to the market, though given the tight-lipped nature of the management team a more reasonable explanation is that something ultra-special has been received back from the company’s primary assay laboratory. The initial result is now being re-checked by a second lab to avoid the embarrassment suffered by Venus Metals two weeks ago when it was forced to retract an assay of 4.12 grams per tonne over 82 metres when a check later found minimal gold. Mega oops, and a share price which crashed from A90 cents to A54 cents. Northern Star, unless the stars are misaligned, will not repeat that mistake because it is in the middle of a busy promotional season, having hauled a tour group of stockbrokers and journalists to its Paulsens site in the iron ore rich Pilbara district of Western Australia last Friday. The first analyst reports from that inspection of the company’s assets have been enthusiastic. Argonaut Securities has describing the drilling results as the best so far – and that was before Tuesday’s suspension request. Argonaut told clients that the latest drilling confirmed high-grade mineralisation 150 metres down plunge and 50 metres east of the resource envelope reported in March, and that it suggests that two mineralised lodes, Voyager 1 and Voyager 2, might merge at depth. Argonaut wrote that the drill results were a good pointer to the next resource upgrade and represented steady progress in the company’s “two-stage journey from 75,000oz a year to 200,000oz a year.” The company’s plan is to lift output to 100,000 ounces by December next year, and then to add another 100,000 ounces through the construction of a stand-alone plant at the recently acquired, nearby Ashburton project. At Paulsens is Northern Star has picked up where Intrepid left off, extracting most of its ore from the Voyager 1 orebody while making brisk progress drilling the look-alike Voyager 2 structure. It’s also seeking a third target which it describes as a potential “structural repeat” of the Paulsens quartz host vein on the other side of a gabbro rock intrusion. The theory is that the series of lodes which make up the Voyager system will be repeated in mirror image. Meanwhile, the production numbers continue to look good. In the September quarter the company produced 17,043 ounces of gold from 84,735 tonnes milled at a recovery grade of 6.74 grams per tonne. But the new material, from the first “spectacular&r The super-rich, but narrow assay result is what makes headlines, but the real meat in the Northern Star sandwich lies in thicker and lower grade assays which are following on from earlier results. For instance, on October 13th the company reported 18.8 metres at 62.7 grams per tonne and 6.4 metres at 120.2 grams, assays which have encouraged Bill and his team to locate a third underground drilling rig at Paulsens, and to start designing a new mine plan which will incorporate more ore from Paulsens, and possibly ore hauled from Ashburton too, before it gets its own processing plant. All that is in the future. For now, investors want to see the real meaning of spectacular. |
Posted at 09/8/2009 19:18 by jonwig Topvest - fair point, though they have a new manager, and their last figures said they wouldn't chase income (divi was reduced). The gearing was meant to enhance capital returns, of course! Possibly a change of emphasis coming up? |
Posted at 17/1/2008 19:51 by jonwig Hi, Robsy.The fund manager - I don't have a link, but this was mentioned in the Telegraph around Christmas as a decent way to enjoy the coming bounce, as you put it. The list of portfolio companies is pretty wide spread with no direct exposure to dodgier stuff. Divi should be sustainable by the low-cost gearing, though they don't give details of the terms. |
Posted at 17/1/2008 18:38 by robsy2 This looks pretty good value compared to 6months ago, a nice , well diversified way to enjoy the bounce when it comes.I like the lok of some of the bond holdings as well. It should also pay a pretty hefty divi. Any idea what the fund manager is like? |
Posted at 21/11/2007 11:36 by jonwig Hi, Ptolemy.Thanks ... I imagine the cash to redeem is now sitting on deposit somewhere safe. My thinking is that sometime all the mess will be priced into the financial sector, and rather than try to pick individual stocks myself, NST will be a safer bet. I'm not quite confident yet!! |
Posted at 18/11/2007 16:20 by jonwig ZERO DIVIDEND PREFERENCE SHARES ("ZDP Shares")In issue: 24,675,000 A ZDP Shareholder had an initial capital entitlement of 100p per share at 29 August 2001. This entitlement increases daily to reach 168.48p at the redemption date of 11 December 2007. ORDINARY SHARES In issue: 61,500,000 The Ordinary Shares are geared by the ZDP Shares in terms of income and capital, where the ZDP Shares have a fixed entitlement to capital and no entitlement to income. Dividends expected are 4.4p annually, ie. yield of 6.6% ... paid gross, I think, with 20% tax to declare. Latest info: |
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