technicals update 21st march 2011, page-10

Kruiser,

Agree on some points, disagree on others.

Agree:
- NM is a guru in the technical mining department, however he does not have any PR skills waatsoever. I agree that this company lacks PR.
- NM refuses to reply to simple emails and requests and offers little information and feedback in the quarterly reports which is a little frustrating. Any other mid 30 million dollar company would be happy to respond to emails. I even know companies that are worth hundreds of millions that still respond to shareholder emails and go beyond that, returning simple phone calls and providing extra information that may be interesting regarding the industry and their competitors (all publically available).

Disagree:
- technicals do show you something - it shows you the market sentiment. From my chart, I was able to make an opinion on whether the sell down had something to do with the fundamnetals (e.g. port approval) or just the market in general (e.g. fear and uncertainty).
- Technicals also tell you the trend and the trend is your freind. Basically technicals tell you what the market fundamentals don't tell you.

Anyway, good post regardless. NM needs to go do an MBA or something.