Is NKA a dud?Thyfish,
My guess is NKA is something that investors have forgotten about. But that in itself might be good thing for speculative investors like those on this site. I've seen it before. My favourite stocks were both virtually unknown, AXI and BIM.....both have done well since July and now trade at respectable volumes.
NKA assets have increased significantly since 2006, $4 mil to $10 mil respectively. Also, resource estimates of molybdenum have all been revised and increased since 2008.
The company has been particularly active in 2010 exploring Red Cliff and Bull Dog; more so than in the past. Hopefully we see some good news come from the drilling results.
I bought in at .075 and will put positions in at .07. If NKA is a dud we will know in the next few months. I wouldn't bet the farm on NKA but my hunch tells me its worth more than the current market price.
Daryn