I sense an entity or a solid investor accumulating at cash value - which is exactly where we are trading at the moment - 0.6 cents @ $8 million marketcap
This gives us an EPV of $0.
The accumulator seems happy to take the shares from weak hands. Perhaps they are looking at the long term prospects.
Here's a reminder of the long term:
- nmdc requires more than triple the amount of current production by 2019-2010
- the price of iron ore will eventually rebound as with all major commodities
Buy when others are fearful.
Above IMO
LCY Price at posting:
0.6¢ Sentiment: None Disclosure: Held
