Got 150,000 shares at an average of just below 21cents. Primarily bought it as I do see some resistence at 22cents mark. May see a little rebound ...so may just end up for a trade. Was hoping to get a little more but there is alays tomorrow...and the day after that...
I am just hoping that this is not the start of a GFC 2 as this can decimate any charts or technical reading.
I am not as negative as to say "there is no Joint Venture" but have always stated that the Joint Venture is more likely to be 2-3 months away not 2 weeks that management (Peter Landau) is mouthing off. When I read the last 2 announcement when NKP spoke that they are engaging in JV talks but no indication of a firm timeframe and no solid points of discussion then I can see this JV talk of being preliminary and time will be needed.
If the trend looks good then I will load up much more but happy with the new entry. If the shares break 20cents then I am out.
Good Luck to all. Wish that everyone can be rewarded before the 31st August 2011.
NKP Price at posting:
22.0¢ Sentiment: None Disclosure: Held
