GREY:NWMMF - Post by User
Comment by
wteesdaleon Jul 06, 2011 1:50pm
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Post# 18802051
RE: RE: RE: I am new to this one, but.....
RE: RE: RE: I am new to this one, but.....I agree the outlook for NWM depends upon solving the current technical issues and becoming cash flow positive. I think the recent purchase by the CEO of shares in the open market suggests confidence that they will have sufficient cash to accomplish that as he recently reported.
With small, off the radar, shares like this the potential upside can be quite significant, so for me I decided to add to my position on the recent price weakness. I suspect that this could easily be a 30 cent share once the production picture is clearer.
On the macro level I believe that junior miners are all trading at an unrealistically low level, given the current gold price, so I think this is a good time to take an educated gamble on NWM.