The SPP Closed 2 weeks ago today. The new shares issued via the SPP & S&P Investors at 6.2c was about 26m (combined).
In the last two weeks NAGs shares traded has been about 800k or 80k/day compared to about 200k/day in the lead up.
The SP for the last 2 weeks has been 6.5c to 7.5c, so 26m shares bought at 6.2c could have been sold off at a quick profit - but they were not. Bought at 6.2c and sold for say 7c is about a 12% profit in 2 weeks.
Why weren't the 26m shares sold off at 6.5c to 7.5c? Only one reason the holders are expecting a much better return than 12%.
That shows a big expectation for something big to happen sometime in the future, that no short term gain of 12% can tempt away. I'd agree with that - the Long Term gains look much better than 12%. Just imo of course.
see below)
