With such a large amount of disgruntled shareholders, I expect we might see some weakness on the rights trading.
I respect Norms views on the "size" of the deposit, but might add that its all relative. The deposit is obviously too small for the majors who held it before. But for a micro-cap like NUP, I expect that a confirmed deposit & the exploration potential of the region, will see some exciting SP action over the next six months.
The example is in numerous rises seen accross the sector today. A continuation of the bullish uranium sentiment & outook will see NUP enjoy some of those fruits.
The question raised: Is management up to it?
Risk/reward
NUP Price at posting:
3.1¢ Sentiment: LT Buy Disclosure: Held