RE: Nolan Express Before anyone jumps down my throat, SND is the most significant position in my portfolio. That being said:
1. There are no new deals on the horizon. Otherwise Nolan wouldn't have been allowed to buy under TSX rules (can't buy if privy to insider info)
2. The run up partially due to fundamental investors, and partially due to technical traders. Technical traders will ride this and dump it as soon as something better comes along, or the technicals don't look so rosy. So there will be a pullback.
3. Tax loss selling is coming, which means people dumping before year end. In all likelihood some people will take the recent strength in the share price to sell, I wouldn't be surprised to see us back at $0.30 - $0.32 in the absence of a run up in coal prices.
Lets keep our feet firmly planted on the ground. Also, doomz, you said you think SND will be a 12-15 bagger. I strongly disagree I think it will be much more than that over the next 20-30 years, which is the duration I intend to hold the stock.
Cheers.