Well what now!??!
posted on
May 02, 2008 03:27PM
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)
The bashers say the results of the assays must be substandard because they were sent back under duress from NOT. Those with a more positive attitude think this is the time for some great assay results which are based on the standardized wait and see what RN told us. The middle of the road NOT investors are just holding on waiting for the real results to show their face. What are we to do now.....? Its Friday and we now have to wait until Monday for this serial to continue. I'm starting to get the feeling we have the makings of a great soap opera here. The stage is set, but there are those who don't want to watch...they just want them to be good, great, exceptional or any of the above. For the record, I think its safe to say we all want that, but really....do we have any doubts here?? This company has provided nothing but good management and great NR since the intial bombshell dropped in late August of last year. Should we expect less now??!! I'm thinking NOT. We have to trust and hold the chin up when the boat rocks. "If" we have a bad set of assays, does this mean we're cooked...its over...sell and take the losses...or does it mean we have a bad set of assays for once. Is this not a sign that we are dealing with a company that is doing an honest days work and coming up with treasure one day and maybe not the next? Isnt' that what all the good companies do?? My guess is the assays will be good, maybe not exceptional, but they will likely prove up more tonnage which will drive us back up somewhat in our stock price. Of course the manipulators will drive us back down, sort of like the teeter totter effect. Either way...good news, especially with a halt will no doubt drive the price down before we lift off again. Will we sell then? NOT.... so why would we sell if the assays weren't as positive as everyone thinks they should be....?
My game plan at this point goes like this. Have some cash ready for the few seconds that the price falls after "any" news comes out, buy in so my price averages down some more and then wait for all hell to break loose. No one can stand seeing this stock drop for more than a few hours before it picks up again. If you bought in at 4 - 5 dollars you will likely see nothing but blue sky ahead. If you bought in over 5 dollars you will see blue sky, but maybe not as soon as you would like if the news doesn't drive us up. Either way..its only news and trust me...there will be plenty in the next number of months. Don't fret..don't panic and DON'T SELL. This baby is long term with some mid term price gains and short term price fluctuations (to keep the swing traders and day traders interested enough to keep the price moving around). To be sure...if you are afraid of missing the big move, don't trade...rather buy on dips..if the news is bad, you'll get a great dip to buy in at. Sometimes I wish for bad news...but only a little, cus I'm always wanting to buy more of this treasure. You will never lose if you hold on to what you have...just be ready for the washboard road that is called the speculative investment game, because NOT has not yet escaped the fangs of those who feed on manipulative trading techniques.
What now?? Who cares...this is the short term of a long long term story...only your patience can be your enemy. Lose it and you may as well throw in the towel now. Keep it and you'll see nice growth over the next number of months. Simple investing.....buy, hold and sell when you reach your target. Its pretty basic and the best investors out there hold to it. Why can't we? Look forward to next week. If your in this game at least it will be entertaining. No one really knows how good or bad any news release will be....but most of us here know that the news will consistently get better and better over time....how much time is the question...and really no one has the answer yet.
LONG, STRONG AND LOADED with NOT.....
God bless and safe driving this weekend.. enjoy..
MM