I'm not suggesting it's a bad deal, Serge. It probably is a good deal for Nuinsco and I'm sure the best they could get. The $2.00 price also sounds about reasonable.
Let's be blunt. I'd have more confidence in this play if one of the majors, as rumored, had stepped in. There absence is not necessarily a negative. It could well be that Nuinsco didn't want their participation. However, from my position as a minor shareholder, I'd have viewed such participation as at least an educated endorsement.
Regarding my position with this stock, again you're surmise is right. I sold - not today but yesterday and took a profit. I expect I'll probably buy back in when and if the risk/reward looks right. We'll see.
Meanwhile, I don't think you should expect only mindless enthusiasm from posters on this thread, Serge. I came close to being flamed last weekend for even suggesting Nuinsco would seek additional financing. Shortly after, Claude Cormier was flamed for a valid, well researched offering.
Anyway, Good Luck, Serge.
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