Some thoughts on NAMThere is approx $7 Billion USD in the ground. PMG + Gold combined averaging around $1000 USD.
130 Million shares out. Total. No wild turkey guesses at what some future Avalon thing may or may not do. No hysterics. Just plain old facts.
I'll play along with the recent sentiment on the board and imagine a scenario where the guys running NAM were crazy, or desperate, or abolutely awful at running a business, and someone made a stink bid for 1% of the value.
That's $70,000,000 USD or $88,000,000 CAN
Per share price would be 67 cents a share Canadian.
That's a 7 bagger on today's price.
And that's making a HUGE assumtion the guys running the company are totally out to lunch.
So here are my thoughts. Dig in and wait for a buyout. Short term movements, short term thinkers and small volume trades are noise.
That's it.
If it bothers you, put it on ignore. Easy peasy lemon squeezy.
Good luck to all longs!
BR