Anyone who sits back and complains of lost opportunity because of not selling NOT at $7 is small minded, or at the least is not telling the whole story.

The one fact is that NOT was at .39 in August of 2007, even after the huge hit at windfall that drove it up to 1.25 the previous year. Over the next 6 months it peaked at 7.43.

The rest of the story is that it initially drove SPQ from .03 to .21 in a two week period. It also drove FNC from pennies to 3.00, FWR to a buck, and KWG to new highs. BMK, PRB, and many others also had a similar run.

The fact is that huge gains were made by investors in any one of these companies by anyone who had the sense to move when the time was right.

I had a large investment in most of them and made a peepot full from many of them, notably FNC, FWR, SPQ twice, and PRB. I hold a stupidly large position in NOT with an average cost of just under .82, but if I was to consider the profits I have taken from the ROF as a whole, my actual cost would be far, far into the negative.

There may be many who dispute the logic, but the fact is that I was brought into the ROF area because of my investment in NOT, and the reason I was able to profit from the others is that I chose to sell them at the moment rather than NOT, because logic said NOT would be the last one taken out.

There remains little doubt in my mind that NOT WILL be taken out. It is also simple logic that it has not been done yet. For development to proceed, we need infrastructure, for which we need input from both levels of Gov't. That support is close, but it is still not here. Then will be the time to decide to sell or stay. It may not be at 7.43, but I imagine we will all have a bit of a smirk on our face.

Best of 2012 to all

K