The day after MJ...
posted on
Nov 02, 2007 04:04AM
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)
Well always the one to be willing to take the catcalls of the masses I just want to say that I will miss Mining Junkies input on this forum henceforth...if we all took his information with a large grain of salt, particularly the "end is near" stuff his input was quite valuable. He tended to hit the NOT resistance points quite well...his only fault on this board was where he kept putting the support levels. It never makes on popular to tell a shareholder who is long that they are about to lose 1/2 their investment (presuming they just got in at 7.00) because they paid too much..thats pretty much what he was saying in my beleaguered mind state.
My take: MJ is a good investor and he is a great promoter of very small play stocks that are ready to erupt..he is a good person to follow around and listen for the next "big" play...the only negative..we'll never really know his trading history..we only know what he was in here..and we already know how this has turned out.
If your a new investor on this forum, trust me there are a number of experienced, savvy investors here who beleive NOT is the stock to hold. They have 10 bagged this stock to 3.00 and then held for the next move up. Don't be discouraged that MJ has gone. NOT is going to fly high this just has to happen. The question as in all other companies is "when". To me we have done Phase I of flying high already ... the number of phases to come is the only other question, but there will be more just as the long term posters here and who were previously in StockHouse posters such as Misfit1, Bravekind, Bentonstocks, Snezzer, Lostlip, Paliman, Goldilox and Krazydik (hope I got the spelling right on this one). You won't have a problem having your hand held here if your new at this, just don't expect to be downplaying this stock unless you have good reason and by downplaying I don't mean bashing, or soft bashing, but rather providing real reasons for possible fallback in price. We are always ready to listen to both sides of the coin..just be doing it with peoples feelings being left intact.. some of us can be quite emotional about this stock in that we have a lot invested.
Good luck to all NOT investors...lets hope the macro-economic outlook looks a bit brighter today. TSX was down 250 ish and Dow was down 360 ish points yesterday. Not the end of the world. My guess is we're in for a correction today or Monday back to the upside. Commodities have too much to offer. Technologies are burning hot. The Fed has given money back to help the US debt situation, however it didn't effect the market decline yesterday...doesn't mean it won't sink in and bring it back today. I like where we're heading on the good ship NOT..no one can change my mind on that..