I think we all got excited a lot but not only you
@rivermore.
We (the people who make research) all know that NML's potential is unbelievably big. Btw it's true that we are frustrated
with the stock price. I was the same but not anymore. Because;
I can see there are games being played
over NML because of its potential. Yes CYL management has been very successful for creating the shareholder value which is now being reflected by the huge market cap of CYL atm. ($142m of CYL vs $28m of NML
)
NML's management has not been so successful with that, however they have been even more successful about picking up the best areas of Victorian gold fields. As PAC Partners report said they are spoilt for the choice for drilling.
NML management has 12.5% (when combined) of shares. It's not so small. It's larger than any other holder. I believe these director guys will look do the right moves to make themselves rich. We will get the benefit together with them.
What we need to do is only to be patient. I was also thinking to push the "sell" button when it went over 9c. But I didn't. I was scared of missing out because anything can happen at any time with NML, especially when there are such big interest in the area. A takeover bid, a share placement as a block sale to a major (like Gina's CYL placement for $13m), or something else we could not think of atm.
Then I decided to go long term and not to sell anything for a few cents. I always made good money with these type of investments when I go long instead of trading it. That's all in my opinion of course.
Btw, it's true that they are spoilt for the choice for drilling. As an example, see the Tandarra North area which is actually very close to CYL's Four Eagle Project which has very high grade gold intersections. It's a very large area. I believe that area will give better prospects than Tomorrow zone at the south when it is drilled. That area might give gold as much as Four Eagles. Who knows.
