Sprott must be mad

DISCUSSION STARTED BY: Snowbird - June 7th, 2008 - 4:23 AM

+228-31

after seeing Newmac lose on 50% form the financing price. Hopefully they don't bail or we all might be in for a storm.

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1 point

BY: hazzu - August 25th, 2008 - 8:06 PM

+33-5

Re: Sprott must be mad

I bet you will be right.. who hits a bid for 500 shares??

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BY: slicky - August 24th, 2008 - 10:21 PM

+24-1

Re: Sprott must be mad

I said 20 cents in late June when we were in the 40s... not far off now.. timmbbbeerrrr

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BY: hazzu - August 24th, 2008 - 1:20 PM

+33-5

Re: Sprott must be mad

do they have enough $$ to make it through to the new year??

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BY: hazzu - August 24th, 2008 - 1:18 PM

+33-5

Re: Sprott must be mad

yes if they don't go broke first! these guys look to be heading for about 10 cents.

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BY: Dondate - August 16th, 2008 - 8:50 PM

+155-11

Re: Sprott must be mad

All moly companies are down. I think most will rebound as long as they don't go broke first

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BY: hazzu - August 16th, 2008 - 7:41 PM

+33-5

Sprott must be hurting no questions about it. Not mad at NER , but very disappointed in alot of their plays I bet.. I agree the markets will turn around.. when is something I don't want to think about,

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BY: Dondate - August 10th, 2008 - 2:54 PM

+155-11

Re: Sprott must be mad

Thank you Chiro. At last someone who speaks with actual knowledge of what is happening. Newmac wasn't immune to the castastrophy in the market and they are no different than the rest of hte juniors in that respect. Keep some money close at hand and be ready to pull the trigger just before the market tuns. I think there will be some clues before long as to when we should think about buying again.

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BY: chiro - August 10th, 2008 - 2:27 PM

+23-2

Re: Sprott must be mad

I don't think Sprott is mad at all. They are knowledgable unlike us amateurs, Newmac Resources will have their day. 99% of the juniors have been hit hard by the U.S. screw-ups and it will take a little longer before the confidence returns and people buy juniors again. There is going to be a HUGE turn-around one day and big money will be made again. Can't tell you the exact date but keep some powder dry.