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Pretty negative for someone who is holding stock... Those...

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945

27/03/17

14:25

Post #: 23650707
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Originally posted by Kruiser ↑

When you look at what activities NAE is currently undertaking on its own accord, its really just collecting a few rock chips at a very early stage gold project. Redmoor is now a passive investment and Lochinvar they are trying to salvage some value from but reality is they won’t spend any more on it without a partner. They really needed to close the acquisition of that “advanced gold project” for it to maintain its momentum. Looking for new projects seems to be on the back burner now for some unknown reason so I’m not really sure what their strategy is going forward, are they just trying to be a passive investment vehicle? Not sure why RCF would hang around if that was the case. I liked the idea of building a good mix of gold projects but that strategy has all but disappeared.

If you take away the props on the buy side, this would drop further. Its been a long time since a buyer has stepped up to the plate to meet the sellers

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Pretty negative for someone who is holding stock...

Those "props" are more likely someone looking to accumulate at a low price. My guess is its the same person trying to push the price down.

NAE Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $7.175M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$1.158K	251.7K

Buyers (Bids)

No.	Vol.	Price($)
35	18768585	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	11288198	8

View Market Depth

No.	Vol.	Price($)
2	2200000	0.006
9	8299899	0.005
6	3650000	0.004
3	2622888	0.003
3	4000100	0.002

Price($)	Vol.	No.
0.007	2536904	6
0.008	3066187	5
0.009	1057001	6
0.010	5904545	3
0.011	500000	1

Last trade - 10.07am 29/11/2024 (20 minute delay)

NAE (ASX) Chart