I have just been thinking about the coordinated pumpathon that...

I have just been thinking about the coordinated pumpathon that happened today.

This one has had so much volume go through at higher levels and seems today was sapping the last sub 2c stock dry.

Whoever was pumping so hard had complete disregard to being sold into at 1.9c and something like $70k went through at 2c.

Then just prior to auction closing bids were pulled just enough so it would Finish into 1.9 and big wigs get as much of a fill that was on offer at that price.

There is a possibility broker clients were involved today ahead of the roadshow but that is pure speculation.

At a 1.9c finish the stock still shows a break from the pennant with strong support at 1.8 and at 2c we have a break of the long term downtrend.

This one is getting extremely interesting and also exciting. Mind you last week and bit were boring as batshit but this stock has kept forming solid base after solid base since it bottomed.

Coking coal prices are still very high in fact I just read a Reuters article I will post later when I am on the pc which says the aurizon rail link is operating a greatly reduced pace indefinitely for the time being indicating damage seems will take longer than anticipated to repair- and Japan had been dwindling stock prior to cyclone and next round of negotiations take place next month.

The capex/npv of this project at these prices accounting for exchange rates is simply outstanding in comparison to the market cap of this company.

The arbitrage opportunity is still well and truly valid on The strategic metals (London) Nae 50\50 redmoor project.

Quite frankly I am very surprised this stock even got this low....but not looking a gift horse in the mouth ...trade it, go long on it...whatever people do...it's a low risk play with plenty of cash...

Astute ex-BHP MD Gary should have no issue rounding up broker interest here and in London...if hasn't done so already.

But now would be a pretty good time even to start making a deal on the coking coal asset whilst China, India and Asia look for non-Australian friendly sources.

This is good for Nae ...in and around 2c won't last long in this environment