NRR 0.00% 5.6¢ naracoota resources limited

raskolnikov, What I see is that the company is raising money at...

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  1. 4,391 Posts.
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    raskolnikov,

    What I see is that the company is raising money at 3.1c and we have had 6 million shares done at 5c or better.
    That tells me that there are some investors who are happy to pay a fair premium.

    You would have noticed the buyer putting up his hand for 200,000 shares at 5.2c on a regular basis.

    I guess the question one may ask is why buy them at 5c plus when you know in the future there will be placement stock coming out at 3.1c .

    Someone obviously knows something.

    I will put my neck out and say I can see this stock worth 30c in 12 months time.

    You can make a note of this and in 12 months time you can call me a bloody dill or you can congratulate me on getting it right.

    Cheers.
 
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