How I see this market manipulation.. newbies might want to read this
posted on
Jul 09, 2008 06:00PM
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)
Here is what I expect will happen...with no real expected time frames to date, however I'm expecting good things to be released before the 2008 year ends.
What is happening now:
1. We are on the TSX-V (speculative market at very best)
What does speculative mean to us. It means "volatile, easily adjusted share valuation through legal manipulation (shorting and then going long), illegal manipulation (naked shorting which means buying and selling without making a purchase to put it bluntly), greater price fluctuations where there are swings in the overall commodity market (look at yesterday on the TSX-V) and finally stocks that sit and sit for months and years that skyrocket in price with a great news report (this normally is something a larger more stable market would not have happen unless multiple exceptional reports kept hitting the wire). Any news, bad or good tends to have over-reaction to it and the direction of the stock price is not always flowing with the news (goes down when it should go up or vice-versa).
Being that we exist in a speculative TSX-V exchange we must always expect companies to "play" with the stock price through the following means:
So what will make this change?
What do we do now? Wait and hold...or....wait and buy...but I sure as hay wouldn't sell or put stops on my shares. No way!!! That's for one or two and yes..maybe three years down the road. That is for when the mine is set to roll into operation, the feasibility study has shown the goods are there, with plenty more likely to be found. That is where the valuation will become stable and this stock will turn from speculative to long term and likely then into a blue chip (if there is such a thing in commodities) mining stock. Thats when we all get to open up the 100 year old bottles of champagne and wash ourselves, our family and our pets with it...oh yes and my Mustangs. That is the prize and this is just the comedy act presently that will in short time become the opening act for the "Real Show" the one that is NOT to be missed, especially by those who have invested so much time, money and nerves into it.
I'm glad to see Genuity is holding their own on the valuation of the stock. Their report should be of great significance as it will help to hold the weak hands into the fold. If there's one reason I believe we don't like too much negativity on this forum (and this includes relative comments but still without significant fact to back it up) is because we are in such a speculative environment and unless you are a hardened investor the hurt can happen to any poster on this board. Lets NOT let that occur....and "yes" there is always a chance we may only become a small mine...but I don't see that happening with the anomolies they have discovered on this site. The photographic images show anomolies a plenty...it will take years to find all of the minerals..we just want another big hit to get us rolling again. Doesn't seem like much to ask and I'm sure RN knows that and is making it all happen.
I hope this helps explain what is affecting NOT and has for the last year especially, since the DE1 discovery. We seem to bounce off 7.00 and then bounce of 2.50 to 3.00. Its really just part of the speculative market. Don't be unsettled enough to sell if you can hold on.
Long, Strong and Confident in NOT....Good luck..
MM