Hey Tajitj...
Been doing some DD on NBRI. Looks like they have some very nice properties and their intent to uplist (even if it's just to the OTCBB for now) is always a step in the right direction.
When looking into a stock initially (particularly those on the pink sheets) I like to take an ultra-conservative approach and try to find the worst-case scenario and identify any potential red-flags. If they all check out and the price seems like a good entry point, I'm happy to take a starter position.
A couple items that concern me with NBRI that you may be able to shed some light on:
1) The management team doesn't really "knock your socks off". This is a SUPREMELY important piece of the puzzle for junior miners/exploration companies. The captains of the ship, if you will, are at least as important (if not more so) than the deposits their company holds ownership of. Don't know much about Perry Leopold. Tough to find real good in-depth info on him. The company's website says that he "was educated at the University of Pennsylvania" - do we know what in? That's all well and good to hold a degree, but if it's in Psychology and you're trying to run a mining company, I'm a little concerned (for the record, I'm sure it's NOT psychology!) Leopold also seems to be wearing a number of other hats right now (Speebo and Circular Logic in addition to NBRI). I really hope he's not spreading himself too thin trying to oversee more than he can. You really want the President & CEO devoting his full and undivided attention to YOUR company (i.e. the one you have partial ownership in via share holdings), right?
2) The company's website is rudimentary (at best). You'd think they'd take a little time (or pay a little bit of money) to spruce it up a bit. It looks like it was done using FrontPage '97 if I'm being honest. I know, I know - the website doesn't have anything to do with the quality of deposits the company holds, but it doesn't take much to at least make it look professional, you know?
If you could provide any more info on the company and it's management I'd appreciate it. I think it has the potential to be an excellent value play under 2 cents, especially after the uplisting process is complete. I just think there's a couple of "potential" red flags (at least for me anyways) that might need to be addressed.
Best of luck. Hope this play does well for you, t.
EDIT: One other thing I noticed is that a quick glance at the chart shows a short-term downtrend off a recent quick spike to 0.033. Looks like 0.015 might provide some support and be a good place for it to bounce (if it even goes that low). MACD heading down on the daily chart, but RSI looks like it's bottomed and could be ready to head back up. In my experience those are a couple of the more reliable TA indicators. Disclaimer: I'm a lousy TA analyst, so would love to hear your thoughts on that. I could be way off base.
AI
