Michael Smedley
Nuinsco Resources Ltd.
NWI-T
RISKY
Mar 08, 2011
Being in Egypt, the political events do have an affect. But the mines will continue under whatever government. It has been going through the various licensing procedures. It is now operating in that it is proving up assets.
Still holds it. It is in Egypt, so it because of problems in middle east. Are going to be able to prove up the asset they have there. Just hold on. You have to be patient. They have many other assets across Canada.
Many assets in Canada. Company’s focus is its Egypt lands and has signed to start developing in the Sudan. Any in the middle east are suffering. Lots of factions that upset investors, but not the company. Not good for the market. He favours it long term.
A very active group of people. Burdened by both the market correction and their main asset, which is in Egypt. Have also managed to set up in the Sudan.
(A Top Pick Jan 7/11. Down 57.14%.) Current asset is in Egypt which knocked the stock down. Very interesting, prospective company with a very interesting association with the project in the Sudan.
The sad story of the Egyptian revolution in large part in that the people got their way, supported by the Army. Now the Army is entrenching. This company couldn't get anything approved. This stock will be quiet unless they do something spectacular with one of their assets in Canada.
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