RE:RE:InsiderWell Hector, the way i look at it is simple. My average is still much higher than where the stock is right now so i have been buying smaller amounbts on low dips. If Harry is public market buying 485,000 shares between 0.035 and 0.04 Cdn on Nov 15 & 18th according to INK research report just weeks before tomorrows 2019 AGM then he is either sending a message that the stock is undervalued or he has other motives for doing so.
Even Morningstar's Quantitative Equity Research report dated 26 Nov/19 states NAM is a 3 star rating (Fairly valued) but under valued at a 49% discount with a Fair value of 0.06 Cdn but with 'Uncertainty Extreme' and that is precisely one of the main issues with this stock - UNCERTAINTY.
The only good thing going on is the rising price of palladium (Now 1837 US or $2443 Cdn) and the fact that several Canadian palladium miners are either moving forward with PEA'S or being bought out. NAM is obviously still being considered and at this price may be a prime takeover target. Knowing this helps me to mitigate the investment risk of the above level of uncertainty (See todays US priced chart below)
Metals | Date | Time (EST) | Bid | Ask | Change | Low | High |
GOLD | 11/27/2019 | 13:57 | 1454.50 | 1455.50 | -6.80 | -0.47% | 1452.50 | 1457.50 |
SILVER | 11/27/2019 | 13:55 | 16.95 | 17.05 | -0.09 | -0.53% | 16.79 | 17.09 |
PLATINUM | 11/27/2019 | 13:57 | 892.00 | 897.00 | -14.00 | -1.55% | 887.00 | 908.00 |
PALLADIUM | 11/27/2019 | 13:56 | 1812.00 | 1837.00 | +21.00 | +1.17% | 1760.00 | 1842.00 |
https://www.kitco.com/market/ This stock has a predictable pattern - Lower highs and predictable but flatter lows followed by cyclical surges and we happen to be near that moment so I look forward to hearing about NAMs progress and future plans at tomorrows 2019 AGM meeting and if after the AGM the price lowers to 1 or 2 cents Cdn, I supsect those shares will be snatched by Harry or value investors.
Cheers to the patient