Here we go..Is you cash ready??
posted on
Mar 20, 2008 04:46AM
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)
Once again NOT is hardly to blame for any down gapping in price over the last couple of days. Lets see now.....over 100.00 drop in gold price...why....strength in the US dollar....why??. because the US Fed didn't feel the intense need to overcompensate by moving interest rates down the 1 to 1.25% most were expecting...and only moving it down .75%.
How did this affect us?? Gold dropped...we have gold...we dropped a bit. The markets plunged on the commodity sell off (both oil and gold). We dropped a bit (I think we should consider that normal and not relative to NOT itself).
The news that we received was based on drilling results demanded by outside sources...study sources...building the base value of the company resources. And what did we get...GOLD....albeit only in one core of 15. Should this be considered good, bad or indifferent news??....I should think it can only be considered good...but not at this point exceptional. We all know exceptional is what moves NOT stock price now. We're too into the market mover thought pattern to escape punishment with "good" news. This is just a sign we have an "exceptional" stock here where everyone that is in the know expects consistently "exceptional" news. Don't worry this will continue over the next months and years.
Are we going to plummet to 3.00 again?? I think the best answer to this is....can you afford to buy more if it does??? Here's the bottom line...unless you can afford to lose a lot of money if the stock gaps up and you've been playing roulette buying and selling your shares or worse "shorting this baby"...then the only way you will play this stock is to save and hope it drops so you can add money to your nest egg. The long term effect will be greater for you if your not the very best investor with respect to swing, short or day trading the stock. Some do well at it....I do not. So......is your cash in the bank and ready for the next foray of share purchasing. We will be in a dip for a short term and then....boom up again. This will continue until the next "exceptional" news release comes out. Don't expect anything else and don't pull your shares hoping it drops big...cus if it doesn't ...and your the nervous type...you'll be in and out so much the brokers will put a plaque on each of thier desks saying how much they appreciate your donations to their coffers when you should have kept the money in your own.
The last statement....this is important ....especially for the newbies and nervous types...... DO NOT SELL IF YOU DON'T KNOW OR ARE WORRIED ABOUT MISSING THE BOAT...HOLD AND BUY ON THE DIPS...YOU CAN'T LOSE BY HOLDING AND HOPING FOR THE LOWEST DIP.. YOU CAN SURE LOSE A LOT BY SELLING AND MISSING THE NEXT JUMP IN PRICE. That's it....nuf said.
Good luck....remember too...its a long weekend...the market always sells off a bit on long weekends..normally more in the summer time... but..
Happy Easter everyone...and may God bless all of you and yours...
MM