Checking the " Gross Sales Shorts Report" on the ASX website there has been Zero shorting over at least the last seven days. This leads to the conclusion that NSE is under distribution from a major shareholder.
Until such time as a major announcement is made to attract new buying activity and change market sentiment or distribution is finished IMO it would appear that the SP will continue to be controlled and stay within a thin trading range.
Looking forward to a positive drilling result and a change is market sentiment next week.
good news, page-17
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