silvereagle123
9 years ago
It was probably meant for me to buy! Lol.
I knew about this stock for about a decade, when it was really CHEAP!!!
I never took the advice of the smart person who told me about Sabina. I ignored the advice and watched it go to $7 over the years.
So when I saw that their share price was cut in half, and with NON-permanent delays in permitting, I immediately jumped in. I figured it was now or never! Instead of getting in at .25 or less, I'm now in at .80
I wasn't going to make the same mistake twice in my lifetime.
If all goes well with permitting, and gold going up in the future, this stock will FAR exceed it's previous high! IMO
goforthebet
9 years ago
it may take 1 year or even more or they will not get it. that is the risk here...
In its Report, the NIRB recommended to the Minister that the Project not proceed to the licensing and permitting regulatory phase at this time but indicated that the proposal could be reconsidered once more information is provided to address uncertainties regarding effects predictions and mitigation measures, particularly with respect to caribou and climate change.
The Report follows a lengthy regulatory process during which the NIRB reviewed Sabina's Environmental Impact Statement, which ran approximately 15,000 pages and included numerous technical studies and reports. The regulatory process included a six-day public hearing in Cambridge Bay, Nunavut.
http://finance.yahoo.com/news/sabina-gold-silver-statement-nunavut-121000371.html
silvereagle123
9 years ago
They are waiting to get the approval, still pending. But the consensus is that they will get the permit(s). Idk exactly when though. You gonna have to be real patient with this one. However, since we're in it for the long haul, it doesn't even matter (buy and hold). If/when they announce the approval, this thing will easily double from here. I feel sorry for the others, but I'm real glad I got it a nice discount.