New Millenium: Charts & Fundamentals

prsimo. Pure risk management. Nothing else. If a speculative stock doubles, taking your capital off the table is always prudent. I think the company's potential is there but the market is flaky and I am going to step out of a lot of stuff end of March which should coincide with seasonal & cyclical strength peaks then. The first quarter of the year is when a lot of the money is made though.

I dont mind if they raise capital at 7-8p. It would be a vast improvement on 3.7p! Frankly it is all academic as the company needs to produce diamonds as stated to get up to that level. I am happy waiting a couple of months to see that happen before re-evaluating my position in the stock.

I have seen NML do more with less capital than 90% of the spec juniors out there right now. The amount of cash pissed up against the wall has been astounding, given how much was raised (and you calculate that by the difference of amount of money raised versus the amount of money spent on drilling or capital equipment!). Right now NML has got itself into a production situation using only a small amount of money, which has beena remarkable achievement.

Mclellan - I disagree. The bullshit in October was all noise and frankly the stock only fell on volume due to people taking profit on the placement. The quick bounceback to the trading range showed you that. Stocks move up and down in size on fundamentals, not hype. I dont think the market cared about NML then, or does yet either. That will change once they demonstrate a sizeable production situation.

Wendy - nice trade on AFD. I was looking at it myself but Rubstone talked me out of it!