Meanwhile on the strength of this comoany consolidating...

Meanwhile on the strength of this comoany consolidating announcement we may as well indeed be ‘farting into a thunderstorm’.
In fact so quiet so far today....we barely breaking wind at all with the price not jumping left or stepping right ...just ambling around $1.80

Statistically it seems we have more sellers than buyers at present .
..and, for better or worse, we (mostly) can’t argue with the zeitgeist ......

THE ZEITGEIST
NRW is placed inside a tragic sector in a spooked market.
And people who know and trust the company are probably sitting quietly on their hands as well because opportunity-hunting involves patience.

Meanwhile if the main seller is a fund lightening it’s position ( which seems possible given the recent Paradice ‘ceasing to be a substantial holder announcement’,) then it may still want to unload millions of shares.
..But -too bad - it has to sit on its hands as well because, in today’s market, it’s stymied unless Dimensional or someone else helps it out.

So logically, by that figuring, we might be considered to be in a constipated situation...


HOWEVER
Does Paradice really want to exit ?
My alternative perspective .... (warning it may be as accurate as my maths which is not ).... is that Paradice has looked at the market and the trend and made a solid strategic play ......in loose alliance with Dimensional ....to set the chart at recent highs then to decisively disappear under the radar, dropping NRW market cap along the way as per the trend in market conditions !

Yessss ! A managed reduction in price to low levels .....in fact a bench ...on which to sit out further macro troubles whilst NRW gets on with the job and accrues potential price energy .
...When it all goes kinetic we will fly .
Until then we are safely seated in the wings in good hands all round including those of our major holders.


Why is my theory correct ?
1) Remember concurrent with the early August Diggers sand Dealers, Paradice swooped like an enormous eagle taking everything in its path..
2) Dimensionsal ‘helped’ it into a substantial holder position.
Clear inference is alliance between the funds plus a very great sense of security on the part of Paradice derived from it’s NRW analysis based (possibly) on the operational update of late June https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC6wa7zRSZruBxke92GA==, (possibly) on discussions at Diggers and Dealers and (possibly) on some sense we would get excellent results later in August.https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC6gi+yhGZruBxke92GA==.

It also continued to buy strongly after the results were announced - average price over $1.90....
I feel it is quite possible Paradice felt there was more value to come beyond announced expectations and today’s Isaac Plains extension confirmation.

It will be interesting to see if there are any more S3XT’s.

Meanwhile we may not be price joy riding but in this market who wants to?
My view is that it we are not constipated either .
Just contained, collected, and digesting well with no sour eructations from any divisions .

For deep value investors a buyer’s delight