The accumulator guys doing the same thing again. Pushing the price down with low volume to bring sellers between 9c and 10c to buy more. But no not many sellers are coming at that level.
Same thing happened between 6c-7c then 7c-8c then again 8c-9c. Went up over 9c to 11c very quickly.
Now they couldn't get the sellers coming to 9c-10c level. Price has to go up over 10c again. The sellers will come only over 10c. Unfortunate for the accumulators.
But anyway the price is still very low for them. I think they have a range up to 20c (their ave. cost would be around 10c as they bought so much between 4.5c and 6c.)
NML Price at posting:
9.4¢ Sentiment: Buy Disclosure: Held