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10.3¢ navarre minerals limited

Everything looks good to me River, the only problem we have is...

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Fishinnick

9,288 Posts.

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16/12/16

07:55

Post #: 21379316
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Originally posted by rivermore ↑

I've reread the NML latest drill announcement overnight and gone back in the releases from them to see why I think they should be rocking the Gold space instead of languishing at 5.3c

I'm still at a loss to explain the market response so I'm curious to get some other opinions.
The results so far as at the top end of my expectations, we knew there was limited or no high grade gold at surface or the old timers would have been onto it in a heartbeat. The model has always been that the gold would replicate the SGM but on the Sth / East side of the dome (now proven) and that geophys and shallow drilling would outline where best to deep drill (also looking good). Am I missing something?

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Everything looks good to me River, the only problem we have is the POG. Sentiment can have a short term impact and the falling POG makes some investors wait imo. Obviously this is good value with the results and a small Mkt Cap of $9 mil and has done well recently when compared to other gold stocks. When we get a bounce in POG this will fly imo, I'll be buying more if it falls again today as i beleive the gold price is close to support.
Best Wishes

NML Price at posting: 5.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 10.3¢		Change 0.003(2.50%)		Mkt cap ! $28.55M

Open	High	Low	Value	Volume
10.3¢	10.3¢	10.3¢	$2.563K	25K

Buyers (Bids)

No.	Vol.	Price($)
9	374529	10.0¢

Sellers (Offers)

Price($)	Vol.	No.
10.5¢	117629	3

Last trade - 10.20am 04/12/2024 (20 minute delay)

NML (ASX) Chart