NFL 5.00% 9.5¢ norfolk metals limited

Ann: Native Copper intersected in First Hole, page-28

  1. 11,703 Posts.
    lightbulb Created with Sketch. 1077
    Technically I am assuming that the whole free float and capital share structure of 29.5m shares has churned through in 2 hours leaving only the top 20 and management holding tightly.

    Technically looks like settling after the downsell by stale holders and a new base formed around VWAP so will most likely spring from here in a orderly manner as accumulation kicks in.

    The valuation and cash in bank has not implied this discovery drill hole, so NFL is very cheap for the potential

    Early days. Churning in ascending acuumulation pattern

    The whole register is churned thats a new experience for me


 
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