Good Move Mr Nemis

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

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)

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Good Move Mr Nemis

posted on Feb 04, 2008 06:56AM

This was obviously a well thoughtout financing, remember the stock was under $2.75 little more than a week ago.

The whole thing is about playing the odds or risk vs reward. He had to weigh the odds of another big strike and doing a financing later at $2 or 3 more vs a few not so rich holes and having to do the financing when the sp is lower and the urgency greater. The money isn't always there waiting. Look at what has happened to the BCE deal. Sp now about 85% of the negotiated buyout because of the uncertainty of it going through - availability of financing. Again investers buying now beleve the odds of the deal gong through are in their favour. No one knows what will happen.

And this is what we are all dealing with here with the speculation about the sp. What are the odds of it hitting $20 and by when? We or at least I consider the odds of the price moving higher or lower at each time I look at trading or holding. Can I risk my investment if the sp goes lower, should I sell? If it goes up should I sell at a certain level and take some profit vs staying in for the higer risk and higher reward. The news releases from NOT are what we use to evaluate the risk along with the knowlegeable posts of those here who have a greater understanding of mining, investing or geology.

I am a great believer in NOT. I have over 13% of my investmensts in it, the highest weighting of any stock or mutual fund. If I had a finacial advisor I'm sure he would say I was nuts to do this at my age, that I should have it all in bonds! The risk? I never invest more in any one stock than I can afford to lose (and I have some experience with that too). That could happen here but I think the risk of that happening is extremely low.