Many of you have clearly been hit in the head with a stick!!Some of you have clearly been hit in the head with a stick.
NSU has one of the best undeveloped copper finds in the world in one of the better jurisdictions with killer kickers in terms of the lower zone and Bisha and greenfield opportunities. Management has been downplaying Bisha for the political risk (and rightfully so), otherwise that will be spitting off cash for another decade, and not to mention over a hundred million in cash.
Some of you see a little gain and can no longer see the forest for the trees.
Now don't get me wrong because making money is never a wrong move IMO but underselling this asset is pathetic.
Would we be at the current price without the Lundin bids? Probably not so you have to give them that but you didn't need to be a rocket scientist to know there is value in NSU expecially if you've been around as long as some of us. The Lundin bids just made it happen earlier while simultaneously validating the interest in Timok.
So what's the worst that happens here? Lundin folds it bid and NSU tanks. Go ahead and tank, I have plenty of ammunition and I'll buy the kucking kuck out of this stock.
NSU already slapped CAD $5 down regardless of how it was comprised.
My prediction is anything less than CAD $6.00 gets slapped down. At that price both the buyer and seller give and take.
If other parties show up to make a bid then gauranteed CAD $6 and likely more and into the $7s.
If no other parties show up then that in itself will be telling.
If tomorrow starts the biggest recession of all time?...ha ha ha. Well then everything will be going to hell in a handbasket and I'll still be looking to buy NSU if it tanks and just a matter of time to ride it back up to $$$...because what NSU has is the real deal.
Anything less than CAD $6 is pathetic.
35 million shares traded yesterday say we go significantly higher IMO.