Since the day I released Email Alert 2023-131 on October 3, I have been haranguing my poor subscribers about the outlook for Norseman Silver Ltd. (NOC:TSX.V; NOCSF:OTCQB) since the stock was trading down below CA$0.05 to as lows as CA$0.035 between September 28 and October 4.
Today, there was a big block that changed hands at CA$0.10, which was a highly motivated buyer located a block that was for sale and pounced upon it.
I also added 150,000 additional to the trading account, taking the total held up to 1,200,000 at an average price of US$0.092, which means at the current price, the trading account is now at a breakeven level for the first time in the summer of 2022.
There is news coming shortly, and once it is out in the open, you will appreciate the changes being made and the quality of management that I have been referencing since early 2020, shortly after I launched the GGM Advisory.
They got caught in an unfortunate downdraft that started four months before the stock peaked at CA$0.76 in February 2021 and have had to endure a brutal bear market in precious metals juniors since then.
I will have more hopefully tomorrow, but you definitely want to own it, and if you have expensive stock from my ill-timed endorsement from 2021, add to it now and get your ACB down to a manageable price. Higher prices are on the horizon.
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