965k shares were bought (or sold) at 5.3c. Someone(s) is (are) constantly buying last week at these levels, and apparently still buying. In my opinion these kind of depressed share price and constant buying at a certain level is happening when there is a very keen buyer. It might be because of a takeover intention or plan. We all know that NML is a takeover target even as it is now. They might be targeting a takeover price no more than 10c which would be very cheap for NML's potential.
What I am wondering is why the management is not giving any update about the JV that it has been finalised?
NML depth today
NML Course of Sales today
NML Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held