If you want to hold and forget (or say for 2 years) then this share price movement is probably nothing to worry about.
At the range of 15-18cents its probably a good outcome after 2 years (barring another GFC2).
Just because its investment grade does not mean that I would not trade the stock. There are many stocks that will have the 'investment" grade applied to it but fact is that in this market (and my guess is short-medium term) trading is the best way.
The mining license is good news in the longer term but the market says otherwise (and yes the market can change). I keep the "fundamentals" in the back of my mind but will move with the market.
NKP has a good asset (I have never doubted this). The management is crap. Insider trading galore ...opps I mean forums traders galore. Why would I apply an investment strategy even though the asset can be considered investment grade
In the end the only loyalty one should have is to their personal wallet.
NKP Price at posting:
18.5¢ Sentiment: None Disclosure: Not Held
