RE:Point to ponder
Believe or not to believe....does i matter?...I guess I am an agnostic. I don't care currently, nor does the market for PM stocks. Grand possibilities just don't attract investment dollars the way they used to. Momentum does as does visability...Gold miners have neither.
Prospectively this is a great time to be accumulating, if you don't need income, or capital gains for a while. Perhaps in a rush they, meaning the better situated gold miners, seemingly like NGD, will all pay off handsomely....I hope so as I have a couple of silver plays, still. ...
Perhaps on the next slam down of the price of gold, there is one about every week, right, I'll nibble at reestablishing my position. I'm embarrassed to say what I once thought was a fair price for this item. Goes to show just how WRONG one can be...thus I'm not too eager to take another stab given the nature of the trend.
I'd appreciate seeing this stock discussed on a valuation level....Is it generating cash? Thought it was...Can it develop its assets without going to market for funding.??? I could probably rationize waiting for a double in price sometime in the next five years if I didn't think the prospect of that happening were going to be diminisd by the need to issue more shares, if gold falls another $100 dollars, or rather, is surpressed another $100.
Good fortune to the longs.