Profit taking was a definitely part of this sell-off. And also the shakiness off the markets.
Taking profits over the past 3 days were great opportunities for traders awaiting the BFS. The BFS hasn't even been released, and these sellers have reaped good gains.
The alternative is to wait for a BFS (due in August) which might still be weeks or months away (and potentially negative). NKP shareholders have been waiting and hoping for many months now for the elusive B f S.
DML Price at posting:
84.7¢ Sentiment: Hold Disclosure: Held