Speculative does not equal "negative" -"Hurtin" for "Certain"
posted on
Dec 30, 2007 10:45PM
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)
Hurtin,
I can see that you have tremendous insight on these types of plays. Referring to them as "speculative" because they do not have "earnings" and considering that a "negative" certainly clarifies your experience.
This is an exploration play. No "earnings" to be had until a working mine is established, likely when the company (or the individual property) is in the hands of a major. If you are holding your breath waiting for earnings, I fear that you may turn blue and expire before you see them. That would undoubtedly be a tremendous loss to the accounting world.
If by "earnings" you mean an increase in value, have a gander at the market cap of Noront from say...oh, I don't know...a year ago to now. As an accountant I expect that you are able (perhaps with some gentle help form a lawyer lol) to tell when numbers go up over time as opposed to down. It works like that in Alberta, doesn't it??
I see that in your view a "negative" is something that might go wrong. I prefer to see a negative as something that has gone wrong, or even is likely to go wrong. You provide, as your example, a lengthy timeline for a big jump in share price...in the order of a ten bagger from where we are now over 5 years. This stock has jumped from a low of approximately .30 to a high (briefly) of over $7.00, in less than a year.
I am having some difficulty understanding the accounting principles, that you undoubtedly studied, which would identify the movement of this stock, and the market cap of this company, as anything short of spectacular.
But then again, I do my own books, so maybe I'm missing something.
"Unknown=no control". You don't say! You know, I've been an investor for around 30 years in other peoples companies, and gosh, but isn't it normally a fact that there are a whole lot of things I don't know, until the company chooses to tell me. How the company tells me, how often and with what detail (and of course, honesty) allows me to judge whether I have made a sound investment.
Tell me now, has Richard Nemis misled you? Has he held back crucial information? Do you find the news releases skimpy, lacking in detail? I don't. I think their pretty good. I think Richard Nemis and his crew have been very forthcoming with the investors. Straight shooters.
Your comments about prisons are ill conceived. It is clear that you have spent no time in one. To use that metaphor on this forum was irresponsible. If you have truly been the beneficiery of higher education (you will forgive my sceptiscm, I don't know you and have to take your words at their plain meaning) writing that kind of drivel on this type of forum reflects poorly on you.
Last comment. I think that you are a basher, and not a very good one. I do not believe that you own this stock, unless you are attempting to short it. If that is the case, I now understand your monicker..."hurtin"...for certain.
See you at $20.00, Chuckles,
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crazydik