The market liked the announcement reflected in the increase in SP on large volume.
Once again we are at the starting line but with a greater degree of confidence that we will see a deal between Posit and NRU. The bonus being that the new projects sound quite significant and cover a number of commodities. From what I understand, these projects are possibly better than the projects listed in the initial announcement.
The new Kyrgyzstan government wants to move the country forward by harnessing their resource potential and Posit, as announced, are first movers on the opportunites this new government direction is presenting. One would think that these opportunities are significant if G Rowely has resigned from Fortescue to persue them.
Retrac
NRU Price at posting:
8.4¢ Sentiment: Buy Disclosure: Held