Just got in from a day at the track in Europe and read the news, d12 said most of it, we are getting the fallout from FNC. How in the hell Peter Smith halted his stock is beyond reason, it was already on a downturn, and he had no reason to halt, nothing showing, he could easily have held out until the other drills came in. A good friend is down almost 300k on the drop in FNC he's holding and buyiing , why?, cos he knows that FNC is sitting on the motherlode they need to go deeper, problem for Smith is that he doesn't have enough $$ in the bank to pay for an extended drilling program. As for our baby, NOT, the FNC news could be a godsend maybe now Smith will be willing to do a JV with them, up to now he's been a bit of a PR.
Like the rest of you I am concerned with the SP, I mean how low can it possibly go before some of the major guns start to shake it out. We are witnessing a global fallout in mining even some of my major holdings are off 50% and for no reason. I don't have any words of wisdom or even some words of encouragement for any of you. All I can tell you is that absolutely nothing has changed with NOT and the ROF, the question we all face is can we afford to hold on until we can reap the eventual rewards. The jackals are baying and the wolves are circling, for me I've got a loaded shotgun and they aint getting any of my shares.
holding long and strong GLTA
Joe