Monday morning thoughts
in response to
by
posted on
Oct 22, 2007 02:29AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Just woke up took a peek at the world markets, yuk, Asia took in on the chin. Catch up, from Friday's Dow drop, or sign of things to come? Your guess is as good as mine. Personally I think we see a dip at matket opening, followed by a huge rally. Reason...too much doom and gloom out there, markets rarely do as we suspect. However, I have always said, expect the unexpected when it comes to the markets.
The one thing that does cause some concern regarding NOT's share price is possibility of some margin calls from Friday. Often the baby gets thrown out with the bath water syndrome.
I had the good fortune of attending the resource show in Toronto yesterday and yes i did stop and take a look at NOT's core samples that were on display at the Freewest booth. Nothing short of spectacular would be best way to describe them. In fact the core I seen from Hole #7 were probably the best looking core sample at the entire show. One need not be a genius to see the assays from this core are going to be remarkable.
Best case scenario for holders of NOT would be a halt before the opening bell this morning followed by assay results that knock the socks off of investors. In this scenario NOT would dance to its own music, making the world market indices nothing more than background noise to the share price.
I will be a buyer of any share price weakness. I also plan on buying into SPQ this morning. The birdies are chirping on this one.
It was nice meeting a few fellow investors at the show and yes I had the pleasure of stopping off at the Agoracom booth for a chat. Interesting stuff.
Good luck to all,
Al