HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

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)

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Message: Thoughts with NOT at $3.00.

Thoughts with NOT at $3.00.

posted on Jun 24, 2008 06:40PM

I wonder how many still are sitting by computers refreshing their browsers hoping to get some advices to buy or to sell tomorrow. Not many postings tonight actually. I bet people either have sold NOT and walked away, or are tired of watching sp dropping like never ending. No one is predicting where the bottom is any more, including myself. I take this as a good sign. When everybody thinks sp will drop over and over again, the real bottom will form. Which day? Nobody knows.

My previous TA turned to be invalid after today's close. It seems that its long term channel has broken and sp will challange previous low $2.58 in Jan. Will it happen? May be. But have you seen "fear" in the market yet? I have. Someone says "Money lives at the other end of fear". I totally agree. Once most people get frightened and become doubtful and desperate, sp will go stable and climb up again.

It's like an old game in my childhood. Everyone stands on one foot in a circle. If you can't last long, you are out. Whoever is the last one wins. Here MMs play the same game. I believe everything is done at a cost. I don't think they take no risk drive sp down and make money all the way down to toilet. They are testing your patience, your tolerance. They'd love to take your shares as many and as low as they can. When you see every body starts shaking, you know the game will be ending soon.

I've been questioned myself why the suspicious MMs have driven sp down like crazy lately. Nothing has really changed since the last NR. I've been thinking about NI43-101. Today's interview of Richard confirms my suspicion. NI43-101 will come out "VERY SHORTLY". MMs know that once the report (even just with DE1) comes out, all the doubt will be gone because it defines the bottom line of tonnage for DE project and as a result lowest sp for NOT when it gets sold. They probably have no more balls to play. This is the last chance they get cheaps shares from you.

I hope this makes sense. All in all, patience is the key.

Keep the faith.

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Jun 24, 2008 06:58PM
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