RE:RE:RE:Area Play FYL I have done the same and always got burned. What I learned was that if I had put the same amount, even small sums in the main play, even at this stage I would have made more money. I look at this type of company as follows:
Big news on one drill result sent it up more than 10 fold, now it has rolled over a bit, but it still only has a market cap of $18 million and only about 13 million shares outstanding, plus quite a bit of money in the till, likely about $1 million with the marketable securities they own. A discovery likely this with so far no pictures of the cores or lab work on the drill cores to show exactly what they contained could still go up a lot. If this hole pans out with good grades it could go to $100 m market cap in the next week or two. Then they are planning to drill about 10 more holes and if any of them hit the same thing, then skys the limit. So for my money there is lots of grow left in NNA, forget the area plays.
Remember too it is still hard to find this news unless you know the company, so most people have not even looked at this.