Why the tears??!!!
posted on
Sep 10, 2008 07:00PM
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)
The stock price for NOT is now lower than it was before it jumped last fall. The fundamentals are better than they were when it jumped last fall. The management team has improved and the find has been proven at least in part.
Lets go back to the beginning again. The price is "lower" than it was this time last year. The fundamentals haven't changed. Repeat this until your convinced you haven't made any errors in buying into this company and its proven assets.
Next.....take the kleenex out and wipe away the tears...go to the bank and be ready to put down on the stock that will likely be one of the prominent plays once the commodity correction reverses.
We can all say we've lost money....but if we keep the average price down then we're not losing, but in fact building the assets that will no doubt reverse and make us richer down the road. No one said it would be a smooth ride up. Speculative...no small cap stocks all have their moments of testing their investors guts. Mine have had a few flips, but the only thing that keeps me positive right now is the fundamentals of this company and the fact that we are in a major market correction. These can take a while to run their course, so yes, NOT may drop a bit more...or...it may not.
Those who want to sell right now and wait...good luck....hope you do well..hope you don't lose. I've done that before and invariably I lost...big....very big on one occasion. Good investment takes time...years not months. This stock is at a price where a ten bagger is easily possible again. It might take a couple of years, or..only a few months. It all depends on a few things:
I'm buying every time the stock price drops 30 or 40 cents. I may never get another chance and I'm not going to miss out. Those who bought at 7.00 should be loading up right now...finances permitting. Don't borrow or mortgage to do it. Nothing is worth that risk in my opinion (others no doubt disagree).
What makes an investment an investment. Simply put:
Lets all take a breath and let RN work his magic. He's seen his share of succesful mining operations happen from a vantage point he didn't like much. I'm sure he isn't planning on letting that happen twice. We need NOT to have a management team that is hungry to succeed. I have no doubt that is what we in fact have.
Strong on NOT and building my share base while I can....
Don't let fear grip you....the hurt will be worse if you leave the play and then watch it hit the stars. I'm not dreaming and I can't believe all the posters here are either. We're all here for a reason and together we can hold the NOT ship together...so lets do it.
All the best and God Bless everyone....
MM