Re: Clarification and a defense
in response to
by
posted on
Jul 18, 2008 07:53PM
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)
Well, I have not taken the time to read every post on Agoracom since the NR but I would like to throw my 2 cents into this debate. Franz, I have come to respect you as a poster trying to find some balance on the boards and I have no problem with that. You have however, from your own admission, been in and out of NOT as well as admitting doing some trading of NOT shares with obviously shorter term outlook on our company. There is no problem with any of this...as long as people know where you are coming from.
As for D12, he has been in NOT with an all in attitude for a long time. You are never supposed to fall in love with a stock and I do agree with that. However, every once in a while...maybe every 10 years, there comes a stock/company with so much potential, so much big money behind it guiding the company, a CEO that above all else seems to genuinely care for the retail investor, a management team that keeps adding gems to their team and working together for the development of a great company. Are these attributes rare in today's economy? You bet they are! Are they even more of an oddity in the junior mining world? Yes they are!!! Are most investors jadded by the markets to believe that these things are fairy tales and believing in them can lead to big losses? YES!
D12, along with many of us: Canseco, TCP1002, Donypee, Bravekind, CWallace, Millsy, DonyPark, Rundle, Misfit1 and myself believe NORONT is just this rare company. Are we right? We believe we are. Does the market agree with us? Obviously not at this point. Who will be right in the end? I know which way I am betting. Now, to be clear here, I believe this will be a play that may take 2 years and I am ok with that. It may take longer, it may take a shorter route. But we are not here to flip share for day trading or momentum trading. We are here to support our beliefs! Does the fact that the SP has fallen over 60% from its highs mean that we are wrong in our beliefs? Absolutly NOT! The market is a very poor guage of a company's true, long term perspective.
Those that have bought in at much higher valuation and look at their very depleted portfolio can still smile if they have not sold. Their DD has lead them to believe in this company. How the market views this is gut wrenching at times but does not have any effect on our company and its potential. We are here because we trust management and we believe in the ROF and Windfall potential.
Time will tell if we are right, so if you believe, welcome to the club. If you are here to day trade, swing trade or just make a quick buck shorthing our great company, that is your business. Just know that we are long, we will say it and support it with DD and management discussions as we see fit. If that makes us pumpers in your eyes, so be it. WE BELIEVE AND OUR LEGION OF FOLLOWERS IS GROWING.
As for the market reaction today...well that was no surprise. We have seen this with every good NR since hole 5. What we have also seen is a steady rise in SP over the next 2 weeks after...So I am looking forward to the next 2 weeks but will not be changing my opinion of this great company because of the market.
Cheers to all the longs!!
Glorieux