my thoughts, opinions
Yes, nmr is undervalued for its resource.
Why is it not being valued accordingly, surely yesterdays ann was impressive.
We broke 6c resistance and with the increased tonnage logic tells me 6c should have become support, minimum.
But its done the same thing as last (run-ann) heavy sell off above 6c, we know the reason this occurred last time, extra shares hitting the market.
But why this time?
could they have already organized a placement, whats there cash situ at the moment, could placement holders have sold into the run knowing they will buy back in at lets say between 4.8-5c.
could that be the reason for the large buyer trying to support the share price at 5.3c and above, to offload.
Anyone know what the av price has been for the past 4 weeks or so?
Just thinking out loud trying to understand the game play.
for transparency sake i sold out most my holding at 5.7c after seeing 6c not holding, purely for technical reasons, just trying to build a better position for my self and learning to adapt or trying to, in these crazy markets.
Do i think nmr is undervalued? HELL YEAH
Am i interested in them long, med, short term investment, HELL YEAH
Do they have huge potential not yet realised in the sp, HELL YEAH
But it doesn't mean i have to tie myself to a harpoon because i love wales.
Massive sell off above 6c and it looked pre-org to me, therefore im personally waiting for the quarterly and any other news to re establish my position, even if it means higher prices.
Again for transparency, i still hold a small stake so the pain of missing out on a massive run is more bearable or is that beer-able.
By the way where has bigshareshead gone amongst all this excitement, I miss his ramblings, yadda, yadda,yadda, blahh,blahhh.
Respect to martis for keeping his integrity, a hard thing to do in this line of work, a lonely heart amongst a sea of confusion, MUST BE HIS AGE.
dyor
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