Yes, you are correct on all fronts. Trading volume is extremely low over the last couple of weeks. And the share register is tightly held. All positives.
They need to come up with a reasonably sulfide (not laterite) find, soon. The nickel market has little appetite for more lateritic orebodies; I believe a lot of the boost in nickel prizes have been driven by the EV and lithium battery sector, which requires nickel sulfide, not nickel laterite. Whether this is demand, or sentiment driven, I am not sure yet.
Topping up, page-6
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