some serious accumulation going on, page-60

Grogman - you are too kind - Pizza quality poster yes.

Maybe bsh punter! Got back to the screen after a nap - yikes - have a look at XAO!!!!!

Happy to see NMR up, VWAP not far behind at all. Not bad for a Friday.

Grabbed a handful more - ready to bleed a little more if needs be!

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As for share price lows - it is a bit of a dodgy view of things (as it does not take into account MC etc), but can I ask how many shares at/below these prices have ever been sold? I know its a very basic exercise - but may be of some merit at these prices.

My charts/sales histories show that it isn't altogether "that many". Of course need to allow for some selling at a loss, desperation, traders - whatever...

Anyone with more powerful trading software may be able to shed some light on this?? Please???!!! Would save a lot of counting.

Remember - those previous low prices did not have today's dilution - so take that into account in your research.

But also take into account the confirmation of coal we now have - and the Tanzania/Tassie tenements etc etc etc.

Just my thought OK!

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Who is selling - feeding the 4 cents que?

Some possibilities...

1) The Performance shares to our directors and Mr Mulligan were not free shares - they were payment for hard work and pieces of land. 30 million shares at 4.5 cents is about $1.4million. That's about $220K per year over 5 years for those who worked hard for it. I don't think that's excessive at all. But I would imagine the gents would like to see more value in it - with drilling close. Let them sell a few once those results come out, and let them buy the wife a new car/pool/holiday/kitchen.

I think I have a good idea of what going on that front - and it looks positive. Only time will tell.

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If you are a holder, get your HIN ready, get on your email and talk to Sandrine over at NMR. You have a right to know what is happening to your holding. Cannot praise her highly enough for her correspondence. Thanks again Sandrine.

I will not post the contents of the latest top 20's here in detail, and I would hope to see others hold back also - as I feel it is info only for holders - so come on - go and do some legwork!!!

NMR/Chris/Sndrine and co. really are helpful people. Don't be pest - but don't be scared to ask questions either. This is your money that you are putting into a very dicey market (the market that is - not NMR). It pays to know!

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The last issue of shares was at 2.6cents. Exactly 1.5 times that, equals 3.9 cent mark that we keep seeing. Maybe some weird risk reduction/free carry strategy selling.

Hows that for a long shot, Grogman!!!!

There was only 85 Million of those cheaper 2.6 cent ones issued. They will keep some for the longterm I would imagine?

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Maybe the coal is a big pile of crud and we are getting played. But I do not think so. AFR seems to have the same sort of stuff - and they are worth something (yes they also have about $15million cash). As noted they are on the up with quite a few other little coalies.

So perhaps it is big, smart punters reading up on NMR story too? Selling to themselves again and again. I can only hope so for all of us. I will continue watching closely. Have seen a few hints I think.

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Maybe also a few new T+3 punters/types exiting amongst the sells - as we did not get that much extra info at the Botswana release, we will see (it was a very nice summary though NMR - so THANKYOU for that!!!). Maybe if we were there at Botswana, we might have got a few other hints. At least we could have gauged the reaction of the crowd?

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In any case - as they say when they are bleeding a little like me - it appears that for every sale - even at 3.7/3.8, we have been met with buyers. I for one am happy to average down on this one. If we hit the 2's - I will be standing next to Grog and bahar in the buy side.

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We will soon see! This is all coming to a head very soon - lots to see in Dec Jan. Hoping its positive.


Once again - shoot me down - i love it. Gotta learn, hey. Nothing like a bit of "skin" in the game to teach ya.


And DYOR - i am not a desk jockey/bean counter by any means.
Just having a go. It's your $$$.

bsh