NRR 0.00% 5.6¢ naracoota resources limited

Ann: Quarterly Activities and Cash Flow Statement, page-18

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  1. 13,066 Posts.
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    Back in the buy zone for me.

    If my hunch is right, Patos clients acquired Fleming's stake in NRR for 3.1c, so they will probably be sellers anywhere above that price but not below.

    @ 3.5c = 1M ev, which is cheap as chips for a clean shell with Patos and MW onboard.

    Pershing and Maq main broker buyers since Feb. Their averages are 4.2c and 4.1c. This is where the smart money sees value.
    Last edited by Anton Chigurh: 21/05/15
 
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