Lotterieschein...nur mit viel besseren Chancen!
You guys are both right (for yourselves). But with all due respect, domcolumba, you should reconsider your criticism of jphoward and others of us investing (OK, gambling) in NDM.
You can make a fortune in penny mining stocks, especially in a bull market. But you shouldn't play them with money you can't afford to lose, and you have to take profits regularly on the way up. Most importantly - you have to know when to accept a loss and get out, something you apparently disregarded.
People who bought NDM high and held onto it all the way down obviously made a yuuuge mistake. But it's one that almost all investors make at one point or another. A smart investor is able to learn from his previous mistakes and analyze a stock as if he just heard about it for the first time (like I did).
If you do that dispassionately, I think you can only conclude that NDM is a fantastic - perhaps once in a lifetime - risk/reward proposition, but obviously only for a very small part of one's portfolio. It's certainly a much better gamble (and IMO a hell of lot more fun) than buying a lottery ticket.
Maybe highly speculative (penny) stocks are not a wise investment in your particular case, but you can't conclude that to be true for everybody else in the investing world.
Read more at www.stockhouse.com/companies/bullboard/...#MXHc02MxBb58JTAj.99