I'm feeling some jitters forming...
posted on
Aug 08, 2009 10:12PM
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)
My only answer to anyone with doubts right now is....look at this history of this company. I know we felt a bit better with RN at the helm, but the new management team is pushing forward with knowledgeable people and cash in their pockets. The bottom line becomes...how big is this thing....how BIG. NOT is it big enough. My only question is "How big are we going to be in two years time". No one can say right now but agree with some of the earlier posters that this management team does know a lot more than they are letting on. Is this wrong?? Probably.... Is this normal?? Probably...
Does this PP create an atmosphere of distrust?? Maybe!! Will the PP help our cause?....Definately. Was the PP offered at the right time???....Not really sure, but sometimes "any" time becomes a good time for a PP. Did the PP give us full value for our company with its current NR?? ...Maybe not...but again we need to keep the funds coming in to keep the drills running.
Like many I don't fully understand what is happening with these PP...I don't know if there is an agenda on the part of Management...are they lining their own pockets with full knowledge of what news is coming????? ....Isn't that equivalent to Insider Trading??? I think they would have to be stupid to do that...albeit it does appear like it and maybe...they are lining their friends pockets with kickbacks coming their way from it...and by rights the SEC should be monitoring this action.
Are we supposed to get upset now??? The stock price went up one heck of a lot....did anyone make money?? I'm thinking so and quite a bit if they loaded up at .50 to .60 cents. So....do we have a real argument with the PP??? My answer right now is likely no.... Will we have an argument if the price skyrockets later this month? Then yes we will...but we have to wait for that time...and once again...will we make good money if the stock skyrockets again...I'm thinking YES. So should we be complaining about indiscretions relating to the PP...my thought becomes a big "NOT".
Lets cool down a bit and enjoy the recent upswing in the price...and also look forward to more bull runs in the future. This is only the beginning. Take a look from inside managements room and tell me then....When do we put out the PP??......some here would say "never". I'm NOT sure that is the right answer either. This is an expensive project...it will always find periods were money gets tight....we will be spending this money into 2010 and so we can drop it onto any stoge of exploration we want...is that wrong??? I think NOT.... Until this is a mine...PP will be the order of the day....we have bigger fish to fry and we should be keeping focussed on that. We need more news...good news....and news that gives us the goods we need to get a mine going. Then....will these PP mean anything...Yes...because without them we may never see the day of reckoning...the day where we can prove we have hit the Motherlode.
Everyone.....this board has a lot of strenght in knowledge...lets keep it that way...lets not start sparring with each other like the last time this stock drifted down. This is all normal consolidation....the stock will start a new bull run again and everything will be peachy again. Lets NOT start the rifts going again....pleassssssssse!!!!!
Have a great weekend. I guess my two cents worth was a bit more like 2 bucks.
Mustangman