Spec, NAE reached their limit with institutional/sophisticated...

Spec, NAE reached their limit with institutional/sophisticated investors under their current approved placement capacity, so there won't be any placement of the shortfall until they refresh their placement capacity in the forthcoming General Meeting on 8th June (as per the recent ASX announcements on 8/5/17 and 10/5/17). If the refreshment of their placement capacity is approved in the GM, then NAE management have the ability to allocate the shortfall to Instos/Sophs which will most likely be less than 1.5c (I suspect this is the reason the share price has been held down in the last 2 weeks and backs up your suggestion about potential manipulation of the share price). Allocation of the shortfall and forthcoming news on Redmoor (expected mid-late June according to Gary during my last phone call), should generate the momentum we've been waiting for. All IMO of course.

Cheers,

MM