Lemon, actually Malc was right about the new lows bringing a different breed of buyer to the NBRI board. The extreme speculators and the momo buyers will come now. With the still low share structure, this could see quite a bit of volatility, until either the company begins to produce some gold...or if that is delayed then until the next large batch of convertibles takes this down to trips. Sad to say but this has come down into the highly speculative zone, IMO.
Having said that I still have hope here for the following reasons 1) I have visited the mine for myself to verify that it is being worked 2) I have met the geologist on my recent mine visit and was impressed with both his thought process and candor 3) The miners are on the task weekly of tunneling into the prospective gold zones 4) the miners are being guided by a professional geologist 5) as long as the task is ongoing, it still has every chance and good likelihood of success 6) Lastly, IMO the current share price reflects the understandable lack of patience on the part of a good portion of shareholders who bought in to NBRI based solely on highly optimistic projections, in conjunction with the convertibles coming into the market. While convertibles nearly always creates down pressure, it would not have been so severe as it is if people really did do their own due diligence, instead of relying on positive hype to bring them in. Those brought in by positive hyperbole when not immediately realized, just as easily cave and sell at a loss under the pressure of negative hyperbole. So it is that, IMO, hyperbole in general is not a helpful thing at all...but it does reveal who the sheep are, and who is trying to sheer them with both types of hyperbole, and you see this in nearly every penny stock board, IMO. In other words, everyone should do their own due diligence before investing in any stock. Best wishes.
