RE: My thoughts on Newcastlehusk16:
"If you believe that we are going to have good results on the Carscallen Property you will not sell now. It would be one thing to sell after the results are released if they are not up to expectations. Obviously the SP has risen on anticipation of decent results, so only sell if you fell results will be poor."
This is the kind of mentality I've been talking about. Poorly informed investors. This guy thinks the stock price went up on an anticipated hit on NCM's first drill hole? Is he kidding me? Who hits on the first try? I think the stock went up because this company has shown they can seize good opportunities and don't sit around and do nothing. I'm expecting they won't hit gold the first try, but will as the property is properly drilled up. I can't believe there are people that bought thinking the first hole would be successful. Instead I say that informed investors bought because they realize there is much more to this company than one, two or even three excellent areas in which to drill.
The best reason to own this company is the hard working management. Time and time again I've noticed that the companies that rise out of obscurity are the ones whose management team works harder and smarter. That is the real reason why I'm here....if this first few drill holes doesn't work out, I know they still have lots of bullets left, and also are always looking for more good properties/deals.
So sell out if you want, but the real money will be made here through hard work and good deal making. I'm really impressed so far, and will buy on dips if the initial drilling shows lack of success. Just calling it as I see it.
Good luck to all,
x