I have copied the last two posts as I believe the Title of the...

I have copied the last two posts as I believe the Title of the other thread has no factual basis and no longer need to communicate there unless Nordic Informer answers my question.
Sf3006 said IMO, if Penikat was easy, somebody else would already be getting stuck into it, everybody who was holding knew that was a long term play, we knew we were looking at 2024 realistically. Nordic is clearly wielding some sort of influence because not a lot has changed in the past couple of months other than some initial drill results from Rana which didn't blow anyone away. I think some may have been sucked in by the pumping of certain posters, expecting to have hit the moon by now, but that was never happening.This is an astute team as far as junior explorers go, they are not on exorbitant salaries, have not shown to be fiscally irresponsible and yet all of a sudden the sentiment has shifted dramatically.The fact the SP hasn't moved isn't really a shock, they have only just recently spun the first drill rod.....

1. IMO, if Penikat was easy, somebody else would already be getting stuck into it, everybody who was holding knew that was a long term play, we knew we were looking at 2024 realistically. Nordic is clearly wielding some sort of influence because not a lot has changed in the past couple of months other than some initial drill results from Rana which didn't blow anyone away. I think some may have been sucked in by the pumping of certain posters, expecting to have hit the moon by now, but that was never happening.
   This is an astute team as far as junior explorers go, they are not on exorbitant salaries, have not shown to be fiscally irresponsible and yet all of a sudden the sentiment has shifted dramatically.
   The fact the SP hasn't moved isn't really a shock, they have only just recently spun the first drill rod.....

   KRM Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held

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2. rabbitoh

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   22/09/23

   18:47

   Post #: 69985658

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   Originally posted by SiFi3006 ↑

   The market is valuing the company based on the belief that its very unlikely Penikat will ever be drilled and even if drilled mining is another hurdle, thats why the EV is virtually zero, it was foolish for a junior explorer to place so much on a venture so difficult, i dont believe Nordic has had any effect on the share price, just the market realizing this is just too hard and too far away and in the meantime burning cash, im hopeful of another project to leave without loss.
   As for being negative?, well a seller was left at 4.8, that says it all.

   Last edited by rabbitoh: 26 minutes ago

   KRM Price at posting: 4.8¢ Sentiment: None Disclosure: Held
   
   Originally posted by SiFi3006 ↑The market is valuing the company based on the belief that its very unlikely Penikat will ever be drilled and even if drilled mining is another hurdle, thats why the EV is virtually zero, it was foolish for a junior explorer to place so much on a venture so difficult, i dont believe Nordic has had any effect on the share price, just the market realizing this is just too hard and too far away and in the meantime burning cash, im hopeful of another project to leave without loss.As for being negative?, well a seller was left at 4.8, that says it all.
   
   
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