GREY:NUSMF - Post by User
Comment by
dropshotvolleyon Jan 19, 2011 6:11pm
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Post# 17998640
RE: TD Analyst Update
RE: TD Analyst UpdateThanks for posting the TD Update. With brief glimpses I did not see TD on the buy or sell side much today. They have outlined every possible risk factor. I am surprised they did not forecast the reincarnation of President Suharto as the leader of PNG and geologists jumping out of helicopters. Any major that buys into this thing would no question want a huge part if not all of the NUS lease package. Stock having a real tough time getting through to $3. This is a good thing as an orderly market is better than total chaos. JP Morgan Canada and Merrill on the buy side. Anonymous still a seller and Northland Capital mainly a seller but sometimes a buyer. I would think the sellers from the July newsletter promotion fiasco must be out by now and remaining sellers are made up of buyers including institutions from the past who paid more than $3.00 and or institutions who may have a profit and don't want to wait another year or year and a half. It would be nice to see a broker put a hand between the legs realize something was actually there and issue a strong speculative buy with a target of $10. Regardless, I still think that even after a JV deal is announced and NUS pops up in price that the real move will not occur until the question of extraction is proven. I believe in the viability of production but it may be a case of the proof is in the ... well you know. Looking to triple my position if I get an opportunity at or below $1.75. P.S. point taken on the question of dilution I do agree that the potential for more ore would easily eliminate the dilution quick. I just wish there were not so many shares out on NUS. Where are the Chinese they seem to be buying anything and everything under the sun commodity related? Maybe the are not welcome at this party.