OTCPK:NOXOF - Post by User
Comment by
ArtVandelay4on Oct 22, 2012 7:39am
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Post# 20508948
RE: RE: RE: NioGold, An Attractive Proposition
RE: RE: RE: NioGold, An Attractive Proposition Hi all,
I have reading these posts for the last year or so and figured it was about time to sign up and take part. I have been a NOX investor for approx. 2 years - I think it is a great company with great resource potential.
I am still learning much about the TSX Venture and still am confused - I can't understand why the value of NOX since the release of new resource estimate has come so far down, it doesn't make sense. The only thing I can come up with is that the market expected the resource estimate to include more of phase 2 - although anybody following the stock knew only phase 1 was going to be included. As well, ARZ has not yet committed to phase 3 which may have some people on edge. In the end, maybe the most recent decline is because there is nothing to look forward to - no news on the horizon, as the drilling for phase 3 hasn't started and the revised resource estimate with phase 2 data will not be out until the new year. Anticipation of news seems to spark the TSXV, in this case even with a great resource, new news is bad news - I guess. Those are just my thoughts on the recent decline - who knows?