RE: RE: Good Time To Buy? I wonder about that too jduade.. When it hit 4.96 just before tata came with the decision the stock dived. It could be different this time around for TATA deal guessing people did not like the fact that TATA got a bigger chunk out of that deal.. I am waiting what NML will do for the taconite properites only because NML has mentioned the JV on these properties but so far there has been nothing said since about it..I do know CEO wrote to me a while back about surprises and PR's that have been released which are turning up well for NML it is now a waiting game on production and what TATA will do.. I presume TATA will go ahead and invest ,as long as Quebec so far does not rock the boat after elections. JMHO This is from June...
Hi XXXX, the joint venture with Tata for DSO is on schedule for production beginning late this year and Tata is completing the Feasibility Study for LabMag/KeMag, which will be done during the first quarter of 2013. More drill results are not forthcoming as the drill programs have been completed; however, more programs may be initiated.
The stock has indeed, unfortunately, suffered, but it has been an exceptionally troubled market that has hurt most resource and iron ore stocks. I don’t see at all that NML has underperformed its peers. I do think that we are moving into a period, however, where NML will have exceptionally good news flow and that should help the stock recover nicely as it has in the past – assuming only that the broader markets are a little more positive.
Regards,
Andreas