Many long term investors celebrated when NTM share price gone -up from 1.7c to 6.5c in two days time. However, this signals big losses for those who invested in NTM recently.
Firstly, few RC drilling holes showed good results that does not mean it is a good findings. Patchy occurrences of good results are quite common in gold exploration. However, if you look at the RC drilling outcomes for other RC holes the picture does not look great.
Secondly, NTM director sold 8.5 million shares that is the most interesting point to look into. Also, NTM is running out cash. So, it would need CR sooner. This may be the reason for a trading halt just in two days after announcing RC results looks to me a well thought -out strategy.
However, good luck to those who invested in NTM
DYOR
NTM Price at posting:
4.2¢ Sentiment: None Disclosure: Not Held
