Namibian Minerals Corporation Message Board

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Gold/Mining/Energy : Namibian Minerals Corporation

NMR 6.960

-0.3%

Nov 5 3:59 PM EST

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To: Douglas Freeman who wrote (58)	7/14/1999 12:05:00 AM
From: John T.	Read Replies (1) of 124

Hi, Douglas. NMCOF looks like a buy to me. Here are my thoughts: Today, NMCOF broke above a 12 week flat-base price structure (sideways price consolidation pattern) on high volume. The MACD indicator just signaled a buy in that it crossed over its signal line. The timing for a buy looks good because NMCOF's Stochastic indicator is in its mid range and heading up. Here's a price chart for NMCOF: clearstation.com NMCOF has been in a steady up trend since mid-Octorber, 1998. The reason is that in the quarter ended Sep 30, 1998, NMCOF's current earnings per share went positive at 3 cents per share. Earnings for the quarter ended Dec 31 were also 3 cents. The big change came for the quarter ended Mar 1999 when earnings were 13 cents per share. I believe that earnings for the quarter ended Jun 30, 1999 should be announced soon. There is a wealth of information about NMCOF on file at SEDAR: sedar.com I haven't read all the documents, but the following document gives an overview of the company: sedar.com

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