Totally agree with your sentiments Ckeenan, my shares are safely...

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Bigyin

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12/09/17

22:58

Post #: 27171246
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Originally posted by Ckeenan ↑

Tungsten still going up. And Wolf up 25% today; the processing plant near redmoor. That's important as eventually if the resource proofs up they will want to try and use this to fast track.

Coal prices are flying, and looking to be strong through 2018. Any jv on the coal asset would be very positive about now.

Apart from that nae has a small market cap, and money in the bank to fund the next stages of redmoor. The basics are -

- Redmoor 50% -
- coal asset - price forecast at $180 through 2018 currently $200+
- cash - $1.6m
- gold - long shot

so it we say the market cap is $5m, then redmoor + the coal asset are valued at $3.4m. Just seems way undervalued. If redmoor keeps bringing back results like it is, then the share price should be at least double on that alone, and that is being conservative. I can't find it, but sure I read the 50% based on the 2015 report value redmoor at $10m.

There will be sellers no doubt, but I think the real money is to be made in about 4 months. The biggest shareholder holds 40%, and bought in at much higher prices (5c I think). They haven't sold any, even when the price was at 4c. I have a top 20 from August (74% top 20)

Let's hope for a steady rise with some more volume. 1.5 was the last CR, but it wasn't that big, and those guys are probably out already. Looking at the chart 1.3c was the last resistance, after that there is not much up to 1.9c.

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Totally agree with your sentiments Ckeenan, my shares are safely kept in my bottom drawer for 2018 and I expect to get great rewards for my patience.

GLTAH

NAE Price at posting: 1.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.4¢		Change -0.001(11.1%)		Mkt cap ! $7.175M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$20K	5M

Buyers (Bids)

No.	Vol.	Price($)
38	19505374	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	11453156	6

View Market Depth

No.	Vol.	Price($)
2	2200000	0.006
9	8299899	0.005
6	3650000	0.004
3	2622888	0.003
3	4000100	0.002

Price($)	Vol.	No.
0.007	2536904	6
0.008	3066187	5
0.009	1057001	6
0.010	5904545	3
0.011	500000	1

Last trade - 10.06am 26/11/2024 (20 minute delay)

NAE (ASX) Chart