Progressive Promotions, page-10

I was watching trades all the time since it was 4.5c for a long time even though I was not trading. I was doing it to understand and to be sure if capping was there and accumulating was happening. When I became sure about these things were real I decided not to sell anything at any resistance level as long as NML progresses well. I expected the sp would punch through all those resistance levels as NML was very much undervalued because of the pressure by capper-accumulators.

In the recent times, as a result of reserve updates of Fosterville by KLA and exceptional grade drilling results from Boyd's Dam from Four Eagles of CYL, more buyer (investors) started to buy in NML, then capper-accumulators lost the control IMO.

And sp started to go where it deserves... to the north.
At the same time the traders sold out and investors like us was just watching w/o selling.

Otherwise NML haven't announce anything exceptional drilling results or any other kind of very positive announcement to drag the sp to north! The sp will go further north if NML can announce good results from Langi Logan and Glenlyle very soon.

NML was hugely undervalued and still is with $35m market cap. At least double of current price 10.5c , $70m mc is deserved IMO)

See the latest depth and the trades after close on Friday.

Volume was only 1,163,348
Ave. weighted purchase of shares was 9.76c. (close to 10c)