Bullish Sign? - Bounced off 200 EMA, page-3849

I guess today isn’t the day for climbing that hurdle :/
This morning our 14.72%-owned gold mine, Gascoyne Resources, downgraded its’ forecasts based on it previously over-anticipating the price of gold, and under estimating its’ AISC, and more..
Including that the worker squeeze (NRW has the contract) has hurt it too.
(Is that a hint of bad news to come for other NRW projects ?)

-Further to GCY, it’s currently 24.2% owned between NRW and German investor fund group Deutshe Balaton/ Delphi /Sparta [ref] and I note it hit the road strongly in March with several investor presentations, including a site visit. ….. So if the management back then was upfront about a potential pending downgrade, anyone who was interested might see the sell off today as an opportunity towards a bargain takeover?​

…. or not. Bargain takeover-ers might have wanted better news from the last drill results up there?​

Has the near 20% fall in price there had an impact here?

Probably not as the interest is small fry for NRW (but those ‘little fish are the sweetest’ ?).



And in other news, FWIW, a large trade (almost $5 million dollars worth) went through at 11.41…

https://stocknessmonster.com/trades/nwh.asx/



Is good we are back at that $1.68 TA line in the sand again even if we are not jumping over the $1.70 one?

cheers