LATEST NAK THOUGHTSTO BUY , HOLD OR SELL.
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
TO BUY , HOLD OR SELL.
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
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Definitely not my favorite idea in gold, but I continue to hold on to a small stub of my warrant position from last year as a speculation that they might finally make a partnership deal.
I still think it’s long odds that the mine is built in the next ten years, and the mine plan has been sized down considerably to make permitting easier, which probably makes the mine less attractive as an investment, but the stock would likely react to a major deal, and you never know what might happen with a deposit of this size. It’s very much a binary thing, the price of gold doesn’t matter that much (within a reasonable range), what matters is progress on permitting and financing/partnering (with a dollop of possibility that new studies or new drilling results could also impact the shares).
I’m not feeling particularly positive about NAK here, but I do still hold that small stub of warrants. And I do mean a stub, I sold 90% of my NAK exposure in February. For gold exposure itself, I would be more inclined to buy Sandstorm Gold (SAND), or even the beaten-down Trek Mining (which I recently sold for a tax loss).