Why did I buy NIA at 22c the other month? simple, i saw this stock and read all the ins and outs. the value of the company against the value of the nickel in the ground at this mine made it look like a very profitable investement so i brought in. when the price tripled in 2 days i thought blow this time to cut and run.
thats why i dont get why people are paying the price they are now? other than hype. its just like the spike last year when it went from 20c to 55c or whatever it was when they brought the mine. it doesnt mean the vlue of the company has gone up yet, they still need to dig it out and sell it.
I brought in early with the intention to ride the wave when they started selling. didnt realise i was going to ride a hype wave because somone else saw the potential and got involved and had 1001 fans jump in behind him.
thats why i am waiting to see if it falls in price next month once the hype is gone..... then i will load up again.
I would love to know the true value of this stock, as i am sure it is very over valued at this point of time. It has a lot of potential which is why Andrew Forest got involved I guess, but it hasnt made its money yet.
NIA
niagara mining limited
