OTCPK:NOXOF - Post by User
Comment by
MrMonkon Jan 24, 2013 12:43pm
210 Views
Post# 20884928
RE: Alamos deal reject
RE: Alamos deal reject It's anyone's guess what will happen as we're on the outside looking in. There is clearly some (not a lot but some) selling related to the latest Alamos/Aurizon development. Bottom line is fundamentals at NOX remain unchanged.
Yes, you've held for 2 years but juniors (especially junior explorers) haven't fared well during this time period. They're still in a bear market although gold has held up, and eventually fundamentals will be recognized. When that will happen, no-one knows.
Hindsight is always 20/20 and it would have been nice to take a 50% gain on the stock and buy back at a low price. However, I don't think a lot of people are trading this stock - it's a long-term holding that should return multiples on the investment. We're all to some degree frustrated but the fundamentals are in place and I believe NOX has a management team that can execute and the treasury to avoid any significant dilution.
MM