Niplats, NIP, owns 100% of 475 kM3 of rich Pl/Cu/Au and on Thursday announced a new confirmed platinum reef. Friday announcement says that Anthony Barton, the non executive director bought 1.15 million shares at 27 cents on Thursday, on a day only 2.5 million churned with a closing price of 27 cents. That was a 33% rise for the day. Friday NIP closed at 34.5 cents adding another 23% on 1.2 million turnover. Looks to me that only the directors, SACD and a couple more are buying this LOL. Market depth says the only problem with NIP is the shortage of sellers. Can’t wait for the next announcement to check whether the buyers on Friday were only the directors and a small top up by SACD LOL.
NIP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
