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- Thread starter jokerswild
- Start date
chewyxrage
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leedj said:When will this down-wards spiral ever end!
I'll pull out if it reached 4.3
How much did you buy @ what price?
Its like this bro, ISM has proven they have alot of nickel, they just got $30,000,000 worth of backing from one of the most respected firms in Canada to continue drilling and move into advanced drilling stages. You may ask yourself why would a huge firm like Dundee step in now and buy in at $5.25 when the price seems to be falling? The answer is because the average Joe on the street don't have all the info and hasn't done his research like Dundee has. There is alot of money to be made and alot or resources in the ground and the big money knows it. I think alot of people need to step back and look at the big picture, this was a $.40 stock a little over a year ago and now sits around $4.80 with more money in the bank than it has ever had, drills turning proving up high grade nickel, the property is 20 miles from Xstrata's smelter who by the way are looking to accuire more nickel properties, they have only drilled 5% of the property so far, the newly accuired money will probably go towards purchase additional drills, nickel prices are way up from where they have been in the past not to mention the world wide shortage of it. Patience is the key here, alot of people missed out on the fast run up, i'm sorry, alot of people bought in higher than todays price, i'm sorry, but you have to ask yourself why would someone like Dundee invest $30 million dollars in this stock right now? Its because they have patience and see the potential for huge profits. I will be in this stock to the very end, and when it sells and it will be bought it will all be worth the wait....
leedj said:
Becasue for the very short-term they view it as bad because the amount of outstanding shares are increased (termed dilution in the stock world) there fore making all the shares worth a little less, all of that won't matter in the end, The CEO wanted to the extra money to speed up the drilling process by buying more drills and hiring more people, the faster we prove on paper what we already know we have the sooner we get the big payday....
nab12 said:
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