RE: Vxrandall4 Feb 2016 22:09
I very rarely post on LSE nowadays, I tend to post more often on ADVFN. However I do have a look from time to time at posts over here of companies that interest me, as NMG does where I have been building a holding over the last few months, since the acquisition of Bolnisi.
Those that invested back as far 2011 at much higher SP may well feel pretty sore but that is the risk we all take when investing in an exploration company. If it goes well early investors may do well if it does’t then not, that's the risk we all take.
The situation for NMG now after acquiring Bolnisi put’s the company in a completely different position to what it was in prior to this acquisition and in my view makes an excellent opportunity to invest. The previous time exploring in Austria has little bearing on where we are now although of course I assume those sites can be revisited at a later date. Anyone understanding what went on such sites when under the Russians will know that there are some very valuable sites that have become available to companies recently and it looks to me as if we have acquired a great asset. I would add that from past experience I expect the Russian numbers to prove up VERY well to JORC standards as well, adding to my confidence at investing in NMG now.
If our BOD do take us into gold production from Bolnisi in the second half of 2016 as expected then in my view we are incredibly cheap and NMG presents a very good investment at this time and the POG moving the right way at the right time as well. There is a substantial gold resource that can clearly be mined very cheaply and then hence profitably and we have the mining licence in hand as well. All good news in our favour. Regardless of all the new shares that have recently been issued the market cap is still very low and in no way represents the value of our assets in my opinion.
Comments about this being a lifestyle company is typical of the sort of comments that come from those that are sore and trying to discredit directors because they invested at the wrong time and do not have the strength of character to accept they got it wrong. They thought they were going to get rich when they first invested but are not prepared to accept responsibility for the decisions they had made previously which turned out to be wrong. NMG was an AIM explorer, it is now and AIM near term miner which is a completely different investment proposition. There is still risk but a lot less than there was previously and at a very attractive SP/market cap.
Being unable to take a loss on the chin without being a bitter and twisted individual does not show a strong character or one to be respected in may view.
I’m pleased to be holding a decent holding (for me that is) in NMG and I expect to make a decent return over 2016 but if it goes wrong I will have nobody but myself to blame and I certainly won’t be posting bitter and twisted comments on here if it does not go to plan.
Good l