Q) Grant, what's your feeling about the last week or so with respect to the price movement.
A) The price has been steadily, quietly rising, but more important is that the base seems to be moving up as well, and there is definite support for the stock in the mid-twenties range. Prior to Christmas, support levels were considerably lower and hovered in the $.20 range, a price which was met many times over the holidays.
Q) In the absence of any news releases, what do you think is driving interest in the stock?
A) It would be unlike John and Pierre to release any information which wasn't available publicly, so I suspect that many of the people who have been following this company, hopefully many of them analysts or brokers, have decided that bottom has been reached and that the NXI story is too good to wait on the sidelines for, and are either buying or recommending the stock simply as a very good speculative play at these prices.
Q) Do you think anyone else will visit this forum?
A) I believe there are more people than me watching this company, but in the absence of any news releases, there isn't much to say that hasn't already been said.
Q) What's your short, medium and long term projections for the company.
A) I expect that diamonds will be found, the real question is in what quantity. Since the area is known to contain diamonds, I believe that, once an announcement is made concerning sampling, that the price will move above $1 very easily, so, assuming said announcement will be made within the next six months, I would target $1.50 within that time frame as well. If the diamonds are there in the quantity we all suspect, I predict $2.50 by the end of the year, and $5 within the next 24 months. As for long term, if everything, and I do mean everything, goes our way, this could be on a level with Diamond Fields Resources and I will be retired within the next five years.
Grant |
