clive palmer could buy nickel ore, page-9

there's been a pause in buying for a while. my thoughts are that most retail may be scared to buy after such a big rise (i am even though i still think the company is hugely undervalued) and any instos feel that the buying has been too aggressive and will cause more market impact. I think market close action and/or open tomorrow is likely to give us an indication of whether there's an insto still actively buying as they likely won't be content with a few $mill worth.

The reality is that the market cap is still under $40-45m...i (and i suspect most buyers over the past week) saw it as many times undervalued last week when it was $25m, therefore I still see it numerous times undervalued even if market cap has almost doubled in the past week.

The announcement itself surprisingly had little impact. It suggests to meet that management probably met one or two brokers or funds late last week which has driven the price rise...they need to get out to a few more funds and brokers, get the price to at least 10c before a capital raising.