Loading ...Fancy A Gamble ?
I bought this can of worms at around 50c and got out somewhere around $2.80 if I remember correctly. If you ignore the bearish commentary and focus on the chartology, this looks like a bullish set up. Any piece of positive news on permitting and finding a partner to work with will send it flying again. Maybe worth a small speculative bet. Then again, maybe not !
Thanks NS. I recall this was the Plunger Clinton bet?
That’s right. Despite the bad press, it worked out really well for me. Getting in low is the key of course.
Yes I had a dabble as well and banked a good profit. You could be onto something if the market drops and Trump goes for the build your way out of trouble option! 1929 anyone?
Here is an interesting article https://seekingalpha.com/article/4093590-northern-dynasty-minerals-enough-bearish-propaganda
Thanks OJ. That’s what I’ve been suspecting for a while. No guarantees, but perhaps worth looking at.