NAG 4.35% 2.2¢ nagambie resources limited

You won't find it in any of the archives of history. It exists...

  1. 2,390 Posts.
    lightbulb Created with Sketch. 307
    You won't find it in any of the archives of history. It exists in the spontaneity of my creativity ie I made it up.

    So how are we tracking? Well for mine, I'm pretty amazed that the price is still sitting between 15c and 17c & has been for most of the last 2 mths as we wait for results.

    I would have expected a bit of impatients, causing some sell off and a corresponding slide in the SP. I think there has been that selling ... but, despite no significant Demand show'g on the Market Depth, there has been steady Demand buying "at market".

    So what does all that mean? I think there is a Buyer who is " accumulating" as much as they can in that bracket 15-17c. This is a real positive imo, because it has formed a base or market floor, stopping the SP dropping below 15c.

    When we do get the Assay Results - if they are good (and I expect they will be) - then the SP will be set to take off from a good base and it won't take much for the DP to shoot to 30c and above.

    My opinion - there is a "significant buyer" accumulating who is impressed by the potential and position'g themselves pre Announcement. Makes sense to me. It could be another Company or it could be a Fund Manager.

    Either way it looks good.

    So while we have been in a waiting period, the SP is look'g good .... but not as good as it will be post Announcement. That's my opinion anyway.
    Last edited by JetBlue: 17/07/18
 
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