ree expert required, page-21

kalmsg:

"I dont think too many of us are concerned about NAV.

Horror of horror though... have you considered that Lenni may have done some homework and could be correct?"

Good, don't be concerned about NAV.

Has Lenni done his home work? The answer to that IMO is a big fat "NO".

Why?

First of all, there isn't much to do the homework on. Maybe the guy has ESP or something (It appears to be a skill that many posters on HC have with their unique (in)ability to forecast the future for companies based on nothing but hype!)

How can the guy PREDICT what NAV doesn't have given the limited drilling to date? Every indication to date says that they have SOMETHING there and further drilling will tell us. To predict that there is NOTHING there kind of boggles the mind. IF the drill results were negative or came up with nothing then I'd agree. Furthermore they have a huge amount of srilling still going on with results pending from CR.

Maybe the guy should wait until those result come in before posting.

Second, from his post about the value assigned to to PART of the gold resources at NAV, it appears that he has limited knowledge of what is going on with gold at NAV.

The JORC resources on the books to date without many of the drills and assys being completed are over 800,000 ounces to which he assings a total value of gold to the company of $50 an ounce or about $50 million in TOTAL.

I suggest that he go back read the reports and figure out how much gold NAV really has and what will be added as a result of the drilling done to date and not yet included on the books.

A GUESS on my part is that when they finally announce everything they come up with about 3 million ounces +/- with the possibility of more upside from deeper underground mining.

(And by the way why use the figure of $50 an ounce to value gold?)

Now add in the other goodies on the books that haven't been mnetioned (ie, IGNORED) by Lenni and there is even more value to NAV.

Now about the post I put up. IMO NAV is being manipulated. This has been quite apparent for a while and is the second time that the shares have been put under pressure. The seller/dumper/manipulator has people so scared that they are afraid to buy the shares and has distorted the market.

Not only that in recent days NAV shares have been showing up on the ASX short list on to be clear the next day despite not having the required volume to cover that number of shares!

Now how can that be???

Maybe I should take a look at ARU and pull it apart and see if I can find any faults with it.....after all I DID rec the shares when they were much higher so ARU must have been a 'highly promoted stock" then...........