The only reason I follow this stock is there are only a small amount of shares held that are tradeable by retail investors. NMDC have the vast majority of shares now and I cant see them trading them for fear of losing control and I suspect their ultimate aim is a complete buy out at ridiculously low prices which is why they are waiting us all out.
I have absolutely no confidence whatsoever in the management and their "maximising of shareholders wealth". Remember that old mantra? They are only in it for themselves. Having said that, there are possible trades here based on market reaction to neighbouring tenements including gold, but as far as management moving this company along........highly dubious.
LCY Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
