"KING OF THE RING" (c) : Canada´s next major mining company with high-grade nickel-copper-platinum-palladium-rhodium,chromite, vanadium, and gold discoveries in the "Ring of Fire"
NI 43-101 Update: OVER 11M tonnes of Nickel ! 6.9M tonnes @ 2.04% Ni (ind.) + 4.3M tonnes @ 1.42% Ni (inf.)

Message: Same old story... can you say... Frustrating!!!

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Re: Same old story... can you say... Frustrating!!!

posted on Jul 02, 09 07:50PM

Hey Herb, you are absolutely right about the frustration. All the familiar names here on this board are long term investors and are have bought into the potential of NOT. Despite your reassurances Storm, we are all worried about the share price. Some of the more seasoned investors are playing with a percentage of their shares buying and selling and making a few bucks hopefully. I am not one of those and I doubt there are many of us that do. The fact of the matter is a lot of people made money on this stock and an equal number lost a fortune. Windfall was built up to be something that we don,t have any tangible evidence to substantiate. I don,t see why anyone would not produce gold at current prices if it was there to mine particularly when they have a ramp already developed. This did not do much to instill investor confidence. The nickel at Eagle one was announced, than Eagle 2 and expectations were prematurely set which drove the price to seven bucks. Many many things happened in short order to spiral us down to fifty cent range. Chrome has done nothing to help us, or FWR or Spider, who have known about the chrome for a few years.

So where does that leave us? We need concrete evidence from now on in order for the investment community to attempt to keep buying when nobody is selling. This will only happen when investors are no longer willing to day trade this stock for a quick return and people see us as an investment worth being long like we all are. Once burned, twice shy is a saying here that I think is true for us. I am still in. have not sold, bought some to get my average down, hoping for great assays.

Cheers

Mike

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