I phoned my Broker this morning , after buying into this stock , and he sounded excited - mentioning Cape lambert's significant holding and the fact that they had plenty of money to support it . He said that their strategy was to take positions in undervalued mining exploration stocks , feed them the money necessary to achieve success , then sell out after having enhanced SH value substantially .
He whispered to me that they expect a minimum price target of 50 cents by the end of the year , possibly much higher if the next round of drilling results are positive . But DYOR.
NIP Price at posting:
28.0¢ Sentiment: LT Buy Disclosure: Held
