Hi Dzoanet ... As Nathanblack says,you make some valid points, and therefore we should not get too carried away by the relatively positive share price action of the past few days, and the strong finish to Friday's trading.
However, one possible difference between this activity and the past few recent false starts ( where the SP couldn't get past 35c ) is this :- Those previous ones occurred shortly before the anticipated announcement ( which didn't eventuate ) by the end of May, and were probably just people taking a punt that the timeframe would be met.
This time there is no specific timeframe for anyone to gamble on, and in such an atmosphere of anti-climactic Nkwe sentiment ( and at a time when global markets are very weak ),I believe it would take a whiff of something more definite occurring to spark another rally in Nkwe's SP. I suspect that this could actually be happening now.
I'll put my hand up ( as I have before ) for being an optimistic Nkwe believer ... but I reckon there's something in the wind ... Good luck to all holders !
Wayne
NKP Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
