Hi Squig!
I cannot imagine anything whatsoever in that news that would justify selling or generate disappointment among investors. It was positive from start to finish, including the potential for entirely new resource development with even lower operating costs. We should keep in mind that ND already had defined a resource large enough to keep it mining for 10 years without the need to find addional ore. Much of the resource inventory is already developed and ready for extraction. The news also stated that exploration funding would be coming from operating revenue. I just cannot see any reason for people to interpret that news release as anything but positive.
Lets remember that the last NR from ND was also met with intense selling. Within a day or two thereafter the stock went on to set a new high for the year. I continue to be encouraged that our trading volume is inching up, and today more than 37,000 shares changed hands. People that wait patiently on the bid are rewarded on down days for the sector, and gold went on to recover late in the session today, so perhaps we have put in the lows for the PM sector. I am tapped out or I would have been buying more here.
The last line in the NR reiterated the intention to seek an acquisition, and that is one of the catalysts that I think could support a much higher share price in the future. I remain bullish as hell on ND. And again for clarity I wish to disclose that ND is a paid advertiser on my website. That does not come with any strings attached for me to be an investor but I am quite happy to be on board with this stock.
cheers!
mike
