Re: NOT is not building a mine...but the longest trough....
in response to
by
posted on
Mar 23, 2013 01:34AM
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)
"I think that the new directors' appointments' mine-build/operate experience speaks loudly to the NOT building of a mine and building confidence in the forthcoming mine financing-funding sources.
What do you think?"
Oh NOT is most certainly going to be a mine....or at least the land they currently are sitting on. My question will be, who will actually own or steer it's ownership after all of the shareholders reveal who they are in a takeover bid. Just speculation here. Yes I do feel that the recent additions to the board beat out the Joey and Pauly show. You know the guys who brought in our past CEO. In the end those dudes were probably just puppeting for somebody with bucks. When all is said and done the only thing NOT has going for it is the land under their feet and their field crews....who are on workers comp. I would suspect at the moment. And as far as those who are getting pseudo-handouts and going hungry, they're not really the ones that are steerging the ship are they...not the ones I have the beef with. Our past CEO and company were doing quite well on the NOT carcass. At this point I would call our company tragic from the standpoint of it's leadership because if you stack them up against a really good BOD...... they don't stack up. They started out too high and mighty with investors and they just got more quiet and aloof from there. I'll expect better manners from our Chinese additions at least.....and yes I suspect they are taking us to the final phase....whether we wind up happy with that or not. What was Baosteel's last purchase at..... .80? Ouch. Are they buying any more are are they just sitting tight with what they have. Maybe when NOT gets back to .80 they'll make an offer and give us 1.25...that's better than a 50% premium. Ok you've got me though.....I don't have any answer as to how it will end, just suspicions. And because I don't trust the BOD even with the newbies (birds of a feather) I won't be looking for much change in what's in store for investors. What I do have in mind is to pick up NOT shares at .25 because it's gotta do something better than that eh...oohps....hope I haven't jinxed it. I just keep thinking of other stocks that were .60, .40, .35, .20, .17, .15, .08 etc. I don't see NOT being anymore protected. Remember when Bao bought in and folks said they make sure the sp stays in that area because they won't want to see their investment bottom out? Wowie Zowie look where we is now. The only thing that you can really rely on is the numbers staring you in the face, the only thing that in the moment is real. The ROF could be tied up for another month or another two years before any certainty gets created and in the meantime it's great fodder for the papers. So many interests, so many impasses to bridge. How long do you think it will take. NOT was supposed to be miining in 5 years from 07. Ok nothing goes to plan but when is it now? 2016? Will everybody be pulling on the same side of the rope by then. I dunno! People were suspecting that we might see things moving in the New Year....well....not yet. Who could have predicted proroguing the gov't? Wow what a book the ROF is going to make. I think we should all get together an fund the movie and get the writing going right now. Think of all of the different groups we could put together in the acting pool. First Nations could create the true Hollywood North. There is definitely money to be made in the ROF and that's why there is so much stagnation with all of the forces pulling at the situation such that it's visibly going nowhere.....I say visibly. When it springs it will be something to see....when. Maybe I should be putting my stink bid in for .21. We wait to see.