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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Comment by LovesAUon Feb 16, 2020 10:35am
161 Views
Post# 30697046

RE:RE:RE:RE:Another dose of reality..

RE:RE:RE:RE:Another dose of reality..Very often, articulate people dilute their message by talking too much. My only knock on you paths is that you have forever been a cheerleader even when faced with the fact that we have had terrible leadership.

Not once did I ever hear you mention that- which I find quite odd actually. When the developmental muck memo came out and I was vomiting all over this bulletin board about how crooked that was- you seemed skeptical. When I mentioned that 3-4 times volume day, straight down 10% on no news (Sept 9) you attributed that to the generally weak POG and miners.

So here's the deal. You lost credibility with me and I began to believe that you were in fact an employee/company stooge with a nice vocabulary, a mining background which speaks to your education in the field, but alas you never really acknowledged the obvious.

Miningman was correct. I was correct. I based my deductions on this quarter with the lies and the miss in the 3rd quarter. It was not rocket science. Miningman wasn't far off on the 6 buck call either- I covered shorts at the 7.30 range and closed out my puts.

My biggest problem was achieving a true estimate of actual grade. You were high consistently- miningman was low but very close. My problem was if in fact PVG was cherrypicking/high grading- where was the actual average grade gonna land? We now know at best it's 8g exactly half the grade this company used to sell stock. That's a helluva miss and certainly not just a mistake. 

The stock is now a buy. The problem is it is dead money for a year at best. The new board will direct the new CEO to correct all of the faults of Ovsenek. I found it interesting as well that you have offered to gather comments from a bunch of mouth breathers like the board is going to listen to that. Unless of course- you have something to do with this company.

TG- I am out. It took 6 or 7 years and some nimble trading here. I was hoping for a 25 dollar SP and I got 12. Still 150% profit even after getting my azz kicked in Q3 when Joe maintained his guidance and I had strings of calls. So it's been an interesting ride but the train has finally arrived at my stop. I wish you guys and PVG the best.
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