NRU 0.00% 5.5¢ newera resources limited

great future ahead long term, page-35

  1. 3,125 Posts.
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    No guys it wasn't me that sold the 1,300,000 nor did i buy any!!
    All i'm saying is that in the medium term there is not much happening that could give rise to an increase in the share price and i have been caught far too many times by holding shares too long instead of taking a profit and then re enter when i feel things are picking up again.
    The other concern i have re the coal exploration program in Mongolia is, there was a television expose a few Sunday nights ago on another coal mine in that country which is huge, however they have an enormous problem with coal dust that has the locals and the government very concerned.
    They even stated that the coal dust clouds are even reaching the American coast line.
    I have no problems with the management of Newera, they are doing a great job but like all potential mining projects there are issues that crop up and one of them that will probably affect Newera is that the Mongolian Government are having enormous pressure placed on them to substantially increase the level of tax from mining companies operating in their country.
    Good luck to all holders.
 
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