Finally!!
We finally get a nice more than overdue selloff here in the US. Picked up 5k shares at $3.174 this afternoon and I will probably add more next week as I believe that we can easily drift lower here in the short term. Markets DETEST even a sniff of higher rates and we are getting that now. I have held off on buying more NSU but will do so this fall especially if we cave hard. Emotions rule any kind of fundamentals when the tide changes. By the way I have not spoken to anyone in management but NSU will NOT cut the dividend (for those who care) anytime soon. Common sense tells me that they will keep paying it especially with $240 million in cash (zero debt) and an apparently very well globally regarded Bisha producing a good bit of zinc... NSU is tremendously positioned...If it dips as I hope it does... Just buy more or hold as I truly believe that there is a great chance that this will handsomely pay off in the long run....