Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

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Message: Re: Options Expiration Today

Re: Options Expiration Today

posted on Jul 19, 2008 12:12AM

Thanks JES

I am afraid my stomach has not been good for watching the stock market lately.

I certainly have appreciated what everyone has posted today.

I have a confession to make. I should have sold our shares months ago but I always thought things could not get worse. I knew that it would be tough waiting until McWatters got into production but I thought the wait would be well worth while.

Now the shares are at such a low value I wonder if I made a really horrible choice. I suspect everyone here feels much the same. I look at the price of Ni and I hear some rumours of $5.84 and I ask and the other analysts are saying much higher rates. I look at LME levels and all I can think is the key is right now normal consumers holding off buying. I will say China.

I have a confession - my little voice said to Chris on Thurs - can you guys make it. I am just as full of doubts as you are. They do have the money to make it into preproduction. They also have the institutions willing to do a PP tomorrow if we need the money. Their are other ways for them to raise the money too. They do not want to do a PP at these prices now either. That option is out there for them now.

So all we can do is wait for the company to get into production and cross our fingers that Ni prices will be higher. The one saving grace for us right now is that at these prices we are not producing more.

So my shares and I all know exactly how everyone else is feeling. I just thought my posting is getting kind of redundant and I have come to realize that this is the one place that we as share holders know exactly how everyone is feeling re the share price and our monetary value in our portfolios.

This money represents our personal financial security. This represents our hard earned cash. If you own 1000 shares at these prices it is easy to sell. If you need the money then by all means sell. But hang in there. These prices represent robbery in my mind. If you believe this company can make it then I would not sell. I would also say that if you have a large block to sell, phone the company and then make your own decisions. (By the way, you can consider my little words you know what too because who am I to say)

I consider this to be an investment. I know it is my mind way undervalued. (I know the market sets the value). These are trying times. There are factories closing. I also have another confession to make - I gave Whaler a blast for posting about mines closing and low Ni values. Personally, I just figured the last thing I wanted to read about was another Ni mine closing. It just felt a little too close to home. Nothing personal Whaler but when your own stock is going ever lower and you face delays again the last think I want to read about is another mine closing. I may come across it but right now we are not an exploration company and we are waiting impatiently for our own company to reach production in our second mine.

Also anyone interested in looking at the GCR drill core results - just for fun. I hear they are pretty interesting.







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Jul 20, 2008 06:13PM
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