Re: Feasability study = higher valuation etc. - sense..
posted on
Dec 16, 2010 02:00PM
I'm afraid you are also right on target. Instos may go for the quick but smaller profits now to use them on other ventures. That is the heavy risk that we take with the sp being as low as now.
That is why I try to emphasize the positive so much, that others not get discouraged and sell now, perpetuating the low price.
(Most of my profits now are from gold stocks. They are pinned to gold price and gold is dependent on the currency, financial and political problems. Hence I keep an eye on these.)
On the other hand I also try to buy up a few Noront shares so that I get some added benefit from the low sp every time it goes down a bit.