Hi Tried, If you sit tight for this year at least then I don’t think you’ll fail with this one.
I’ve been in since the reed resources days as a gold play that crashed to less than 2cts but was fortunate enough to top up on way down ( prematurely may I add) and again on the way up.
On the way up the news and fundamentals just got better and better so both divis got ploughed back in.
Look at all the projects NMT are working on and the potential value these could bring against the shares issued that’s what makes this an exiting play which can easily multi bag from here.
Arlington’s report gives great comfort with $1.44 target, as does the NMT half yr report with news due on many fronts this month or this year, patience is the key we’ve been walking sideways for two years in trading range 30 to 50cts my guess is breakout due as these projects come good 2018.
I’ve yet to sell one share and don’t day trade, its frustrating to see the share drop from 50cts to 30 and on paper is masive value swing, but you rarely find a gem with such potential, cashed up and derisked to large extent by take or pay Gangfen deal.
Arlington valued our Mount Marion stake at around 56ct from memory and we are trading way under that so huge potential from here is why I’m sitting tight until these values unfold.
Nice to see Duncan back on the board, if you want out simply wait a bit longer and sell over 50ct next time it lifts, best of luck whatever you decide, Loop.
NMT Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
