A point of Clarification...
posted on
Sep 20, 2008 11:00PM
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)
Just a late night note of clarification regarding my posts of late.
I may be coming across as euphoric in the steep losses NOT has been enduring. To be sure...I am NOT.
I am being foolish buying and buying shares in a downward market. I am averaging. Its simple investment strategy.
I shouldn't be telling people when I am buying. Why not. They don't have to but I'm backing up what I say when I do.
I'm being foolhardy buying in so many times over a short term. When else am I going to be able to. NOT will not be here for long. It has the numbers from official 43-101 reports that says it shouldn't be here.
I am pushing the stock too much. I have as much confidence in NOT now...or more actually...than I did when I initially invested back over a year ago. Why wouldn't I be emitting confidence when we need it most.
Maybe NOT isn't everything its cracked up to be after all (Impressions from some posters on this board I've read...not mine) NOT is everything its cracked up to be. If you don't believe that "why are you still here".
I'm hearing phrases that indicate "I thought I was going to do well with this stock...now look at where we are now." Welcome to the real world of "long term investing". If you want short term gains go buy penny stocks or jump on the bandwagon with some real "pumper" and see how much you make there...likely nil or more likely negative profits of a large scale.
Why am I so confident in a company that isn't telling us anything? Simple...because if they aren't speaking much they have their reasons and they are management and good management at that so I'm willing to accept we wait for news when they feel it is the right time to release it.
Have I sold any of my NOT shares? Once to buy another small cap. It put me behind the eight ball so I bought back in and have held every share since ... and added regularly to my holdings.
When do I believe we'll see the turn around in this stock...I don't but it won't likely be NOT's fault if it doesn't turn around as quickly as some would like. In either case...I'll still be buying more until it makes a healthy jump up.
I see a drop in price like this as an opportunity and nothing to get depressed about. It is the nature of the beast and we have to know when the beast is offering us scraps to eat. I'm chowing down all I can right now because I don't know what will happen tomorrow or next week or ....... next year. I'm looking at a 3 year plan that may stretch to 5 or 6 years before fruitation occurs. This is the infancy of this company and its discoveries. The maturity may take less or more time, but I'm willing to wait and that is what I suggest anyone that is buying into NOT has for their frame of mind. Otherwise I would not recommend entering the invesstment waters at all right now. Its way too stressful.
Good luck to everyone and God Bless..
Mustangman