haha...or the 2c sellers (trying to get executed at 2c with 1.9c offer at auction) got conned into 1.9c - I missed this stock the first run but wouldn't dare miss this time and won't get stuck in a raise
Near term news could come from tin, gold, or coal, roadshow etc
In the meantime the arbitrage opportunity plays out
As for the Redmoor Tin project, there is a real push to get this underway and into production. It's 50/50 in this project with Cornwall Resources, part of Strategic Minerals Limited, whose director Peter Wale made a presentation at the House of Commons about the Redmoor plans in Dec. Cornwall Resources Ltd is part of a joint venture between several multinational companies, is currently carrying out test drillings at Redmoor with a view to reopening the mine.
Strategic Minerals M/cap (19$m GBP- $31m AUD)....NAE is $8m m/cap......imho here we have a very decent arbitrage opportunity on the Tin project alone....let alone the extremely valuable coking coal project it's in possession...
See link for chart
Post #: 24100734
NAE Chart, page-1463
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.175M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $2.994K | 748.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 19731141 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 11295699 | 8 |
View Market Depth
| Last trade - 12.39pm 27/11/2024 (20 minute delay) ? |
| NAE (ASX) Chart |
