nkl, page-2

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I entered this stock on the basis of management. However, I am starting to feel that it is developing the status of a dog.

I did a bit of analysis on the recent volume and have found something interesting. It might be coincidental but it may also indicate that someone is accumulating at these lower levels.

If you look at the volumes you will find that approximately every two weeks there are some larger trades (that is over 400,000 shares traded on a day). This type of behaviour has only occured since the 30 May.

The days have been as follows:
30 May - 451,000
15 June - 479,293
17 June - 447,500
20 June - 493,000
30 June - 482,000
11 July - 402,000 (today)

The thing that strikes me as being odd is the regularity in terms of timimg. If this analysis is ok it looks as though someone may be putting out offers at intervals to capture the holders that have given up hope. Please note that this may be totally immaterial so let's wait.

I might be looking for things and relying on hope. But as a frustrated owner I will wait for news out of splinter - I maintain some faith in the MD but I am highly frustrated.