Chart Update, page-672

Hello anyone out there.
Looks like having crashed the gates and mugged the share price the shorters still have NWH by the balls.


So for every positive sale at present it seems there is one angled lower to counteract it and no reason for anyone to let go.
Yesterday the average price looked to be mostly steady at around $1.58.5
Today they are rocking the boat a bit, playing under that line.
According to here https://business.financialpost.com/investing/five-ways-companies-can-combat-short-sellers five ways companies can fight back is via a buy back, a dividend upgrade, a great earnings release, a great acquisition or a takeover .

It now feels to me as if it is a sophisticated attempt to pull the rug out from under our feet, that it has been timed with Christmas and a badly frightened market and, as @LJSM noted, hung, rather pathetically, off fears around the FAL project.
Timing is also after the great earnings upgrade and well before half year results are announced .
NRW was a sitting duck - especially because the lenders are no doubt supremely confident of the long term superiority of the company.

On the bright side I have no doubt there will be at least one great announcement coming out of the new iron mines and I imagine whoever is squashing the price would want the price to run on positive news and so might take the brakes off beforehand .

Meantime if dividend is increased to .04c as the extremely sagacious @pbawley theorised that better than a whopping 4.4% return on current prices .

With respect to the fact the shorters are evil and I have no idea what they will do next, still by any intrinsic value measure I feel these prices make NRW Holdings a great buy.

Cheers