Newstrike Capital Inc NWSKF

NES Action Continues to be Positive

[yungcash]

I've said a bunch of times with NES and I'll say it again: the action on this stock is extremely positive. Holding above $3 near all-time highs in a market that is extremely shaky. Down days on very little volume. If markets get significantly worse, we trade down to $3. Big deal! Look at a 1-yr chart and tell me a pullback to $3 is a bad thing?

You can't bash the fundamental aspects of this stock (High grade zone is too small? Come on, it's still open and they still don't know the geology of it). We also have the management team, shareholder base and property that most juniors can only dream of. We're also fully cashed up and have a good, tight capital structure with out dilutive warrants due to be exercised like so many juniors.

It's impossible to bash the way this has been trading in the market either. This low-volume breather is exactly what the stock needs. I say it's because there's no sellers at these levels. The bears (bashers) say there's no buyers at these levels. Why would there be? Look at what's happening in the equity markets these days! The fact that the stock has only drifted slightly on low volume is a GOOD thing in this market, not a bad thing. No buyers is a given, no sellers is the real positive that should be considered.

NES will continue it's upward move. We have a lot of catalysts coming and very positive sentiment already. There will be analyst coverage (finally), we'll not only continue releasing drill results, but ramp up exploration at Ana Paula, we'll begin exploration activities in the fall at Aurea Norte, and we'll do it in a gold market that will LOVE high quality juniors just like NES.

Keep holding your shares. Nice to be in this for the long haul with all you other investors on this board, you know who you are.

yungcash