I see what appears to be a floor in the price. Just in the last 2 days a buyer has appeared and is moping up shares at these levels, dont believe me?, put you shares on the screen and see if they get taken out, at this time all that you would be doing is transfering wealth to someone else.
Just about every company in this space is sitting on year lows, have a look at NCM chart for the year, and it is a leader in the sector. This financing will be done and a mine will be built, having met the men behind the company and had ongoing communications as well as having talked to major shareholders in the company, i am confident on a solid return on my investment over time, this is just based on the rooster hill project alone, there will be a resource announcement later this year on the silver project which will in time provide some real excitment.It just has to be a buy at this price given the news flow over the next few months, at this price Norm would have no trouble interesting buyers in the assets, even at half broker forecasts there is at least 200% upside from here.
CJO Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held
