RE: sellinggusto44:
"Still massive number of shares for sale at .09. Seems to be an endless supply."
Tell me you aren't complaining, as I love the fact that there are sellers at this level. This allows you to slowly and quietly accumulate under 10¢, which is a steal by any standards. I came up with that comparing the bottoms on the area players closest to NCM, which are now on average 8X higher than their market bottoms, as opposed to NCM, which is 4X off its market bottom. This would put fair valuation (assuming you put no value in all NCM's land acquistions recently) at roughly 15¢-20¢.
The fact shares can be had for the 8¢-9¢ range makes me pleased as I'm still accumulating. I'll assume you are too, and are hoping talking down in the dumps will cause even more selling. Here's to hoping you are correct! ;-)
Did you know that more than 2/3s of outstanding shares have now traded between 8.5-12 cents since the beginning of 2010? That makes me believe the downside is very limited, but I'll take any shares I can get at 8 and lower if people are willing to give them to me.
Gold is doing nicely too, less than $100 from all times highs. Overall market is looking good too.
Good luck to you and to all,
x
P.S. - Waiting to see if meetings at PDAC will result in anything interesting developing for NCM. Patience is key.