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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (27881)	3/5/2005 1:45:16 PM
From: Carlos Blanco	Respond to of 110194

Here we can also see management both positioning themselves for some kind of payoff. i was furious at mgmt's decision to implement that stock option plan. completely self-serving and unnecessary (& possibly unprecedented as well). if they weren't sitting on such a fantastic property i would've immediately dumped my position on that particular news. i agree that copper and some other commodities are getting frothy and might correct substantially near-term. but, i tend to view this stock as a 3-5 year option on hard assets given that agua rica is not coming online anytime soon and doesn't really seem to be reflected in the share price. plus there is potential to increase the size of the resource. so i'd expect my paper claim on NTO's pile of metal to at least preserve its purchasing power while the various currency & credit bubbles blow themselves up during the next 3-5 years. if at the conference call they announce some dramatically accelerated agua rica schedule and the share price starts to reflect that, then it becomes a shorter-term play...so i would no doubt be tempted to sell some of it based on the near-term red flags that you've pointed out.