Noticed that you call yourself Burntgamber and not Burntgambler. Obviously a mistake like some of your past investments? We all make errors of judgement.
In my opinion whenever I purchase a stock it is in anticipation that it will go up. In other words "I hope" that it will deliver a profit. No-one can be sure that a profit will eventuate. Especially in recent times. During bullish times there was no need to hope. Shares would just rise following the market trend.
As far as many of us long term NKP shareholders (but can only speak for myself)you can only base decisions to buy,hold or top up based upon research, company feedback/announcements and forums.
I agree that the market does not discriminate whose money it takes. Even company directors find themselves with book losses on their purchases.Peter Landau to name just one.They also buy a company's stock in anticipation/hope that it will rise. But extraordinary ( Concourt decision)and global factors cannot always be anticipated.Platinum was king a few months back. Today it is in the pits.
Your mate who has a major exposure in NKP most likely based upon fundamentals and research. Nothing wrong with that.Especially if not a trader like yourself.Potentially he will also make a killing if/when a JV is announced.
Most of us are extremely disappointed with NKP's performance, management of the company and communication. Is there a lesson to be learnt? Not really. Similar situations have occured in so many small caps coys. Its been a matter of bad luck to date and a lack of important info that we lacked at the time of our investments. As my posts all say in the sign off... its the whole truth that I seek.
Your views are always welcomed. Especially when based upon fact.
As for many of the other clowns... I simply ignore their crap one liners which add no value to discussions.
Best of luck to us shareholders. We deserve some success even if it now may not be what we originally anticipated.
NKP Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held
