Re: The way it is
in response to
by
posted on
Jun 08, 2011 05:11PM
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)
"There once was a time I would preach to others about how much of a screaming buy this was at $3.00 or $2.00. Now, it appears to be a screaming sell at $.65."
Hi FS. Everything is in the lines above:
- SP is up when the preachers are shouting loud and believers are rushing in;
- SP is down when believers are shouting loud and preachers have rushed out.
So I guess that you are a believer yourself who has been preached by someone else before getting in, or else you are an honest preacher who still believe enough to stay aboard!!
I can be angry towards the preacher who told me that the stock was the deal of the century. I can be angry even more towards management which seems to mess with the showpiece.
But the action of purchasing the shares was performed by one and only one individual. What the individual had in mind at the time he pushed the buy button is a secret that belongs to him. And if the little beauty does not glitter the way it was meant to do, well, one has to go back to the guy who pushed that deadly button and teach this guy the lesson! Isn't he me?
I'm a true believer of Noront, and I am certain that it will go to unbelievable highs. I'm sure of that the same way I was sure that the TSX would recover to the pre-2009 fall down, that is with a frightened mind! I'ts not done yet, but it's close. Many things can happen, but with favourable winds, this stock is a winner. (Hey, am I preaching here???). I admit mthat it helps thinking that way since I did not get in at so big numbers, my average being aroud 1.4. But I'm nevertheless 50% down, and I do need a 100% increase to go back to 1,40$!!!
GLTA.
BaBe.
(And for those who have mercy for my paper-thin Noront shares coming from my Freewest tendered shares: first, thanks for caring, second, the expiration date for the 4$ warrants is December 16, 2014. So plenty of time there. I can see that 4$ might be laughable right now. I don't care hearing the chuckles aroud me. But: Things will unfold exponentially in this story here. Cliffs and Baosteel entries are looking big, but they are just the initial dots at the bottom of the curve which is meant to rise sharply as time goes on...)