We technically moved up 2 pips (near 25%) off this announcement from .7 to .9 then back to .8. The "depth" from 9c to 15c, that just happened to appear all in one go (strange that) stops people buying (only do what the heard does mentality). People here claim its crazy to think it is not capped? Well thats a dumb statement, clearly large shareholders can see that NAE will need cash eventually, (even if Gary can sell Lochinvar, fund with Redmoor value, etc) and see that by preventing the buying they can buy into any CR at rediculously low prices, then move their wall and give it a little push up. To say all is lost is just posters here trying to play their games with the minds of others. Or worse.
Some here have chosen to pip trade this stock and claim it isnt a game, that it has no negative effect. This is purely for their benefit and in many ways effects how others buy and sell in a low volume environment. Dont be fooled by the attemps by some to discredit me and my theories or fall for those that are trying to pip trade their way out of the red so they can run off into the night. They do not care for this stock.
Claims that we need day traders to push this up is fine if you want another dump after it. Truth is that if this progresses towards production and Gary can show how he wil achieve this (hold on tight enough) we wont need day traders, real money will come on board to push it in the right direction. And trust me, when that happens the day traders will forget all about their "given it a red flag" crap. They are money hungry and will be guided by their greed.
I personally do not see a raising in the next two months or whatever crap was spun by the negitive brigade. Gary has told me we are funded till April on Redmoor and if we dont have the funds or increase in share price to fund a CR then the drilling at Lochinvar can wait. People also seem to be writing off the fact that our 50% ownership of Redmoor can be diluted a little, this should not be undertaken as a first measure, but as the last measure when after more progression the value of our 50% will have risen significantly.
Gold exploration in NZ is also funded and continues in the areas known for previous gold mining projects that management has claimed they believe are the best chance of success and, like Redmoor, its resource was there before, no reason to think it wont be there now.
We have seen many negative posts here recently by a few posters. It is clear as day to me why each are posting what they do. Some just want to hurt the company the same way they were hurt, some want to position themselves as something they are not to maximise the impact they can have here so they can bail out after their games have gained back their loses. Just look back through the forums and see if what they post now matches what they said when they bought in. I say dyor, talk to management directly, look at the announcements and calculate cash on hand yourself. Take nothing said here with a grain of salt.
I continue to hold and will because this point is exactly what I look for, a company down, being ignored by the market, but one that has great potential, great projects, etc.
And then I wait. Patience.
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We technically moved up 2 pips (near 25%) off this announcement...
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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 |