OTCPK:IDIG - Post by User
Post by
cdnbeauon Feb 04, 2007 3:49pm
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Post# 12158720
NWI - an apology to therock
NWI - an apology to therockI really did not wish to mislead anyone having been mislead by therock more than once in the past.
I must say his analysis of this company is superb and I was wrong to sell (will be buying - again!!)
Do be careful tho as he has been involved in P&Ds in the past - AWI and PTR a year or so ago, and recently one I question CBG a company with minimal reserves and you can buy gold from them cheap if you are a big shareholder. Newbies need to realize how very early this play is.
I understand that one can make errors and this may be why therock was pumping PTR/AWI, however the difference is that he never comes back to explain why he magically disappears or when he sold. Very disconcerting to rank beginners who trust the sweet-talkers, as I was at that time. Other legendary posters on SH, such as dutchfella and largeinvestor, have apologized to those who trusted them when a play went sour (not that there was any fault on their part), and advised them on their possible exit strategies.
So I am eating crow and apologize to any whom i may have influenced. On reassessment I believe this may be a spectacular buy here. (hence the importance of doing your own DD)
As therock pointed out - this play has 2 (or more) Ni deposits - one the size of CML's (lower grade), the other with many times the resource, and the MC is not even double that of CML (altho CML has an interesting, but highly prospective 2nd land holding, and narrowing in on production adds value to a play) NWI also has shares in CCH and in RR I believe. And don't underestimate the frac sand - it is very valuable to NWI holders.
Good luck, and again I apologize.