Post by
ScarletSpider on Mar 07, 2022 11:56am
I am Pretty Sure I Mentioned Nam On this Board As A Pick
it is .025 up or at least .02 up since mentioning it. I have been following it. I have decided to hold out here and not put some money there selling some shares here and well right now biting my lips so folks understand why I am doing what I am doing here. New Age Metals has a billionaire in its corner who didn't exercise warrants let them expire so he has like mid 20 percent of the shares if he exercised the warrants he would have had 34 percent of the company. My question i may have asked here or elsewhere was why? it could be either he thought the price was coming down and would get more cheaper or what i thought was more likely he thought the price is too low and wanted the share value up and that appears to be the case. It continues to trade heavy. The strategy that management is using is a very smart one actually. Prior to attracting Sprott I believe that is the gentleman's name the shares were at .02 but when he got on board they hoovered around the .09 to .10 range now they are at .12 with bids at .11 it is still cheap for where it is trading--if people put any faith in morning star they have it at around .38 fmv if I am remembering correctly. I can see a buck within a year's time. I saw gratomic recommended it at .17 it went crazy.
for .12 even if it fluctuates nam is one that I am really hot for in terms of pennies. You may want to check it out. I have been holding myself back in selling off 500 shares here to get about 1000 there. I love the fact it has the billionaire backing what i loved more is that he let his warrant expire for what I think was wanting a higher share value as he could have easily cashed out gain 34 percent however I don't know if that is entirely the case or if there will need to be a raise as i am looking at trade value mostly and whatever news not the financials so do your own dd if you look to act on this suggestion. the strategy though is a great one.
Anyways i am always looking at companies some will be good others may not be however like I said i am hot on this one.