undervalued heaps, page-30

re: undervalued heaps-oafter I wrote this on the 08/04

I am a fellow holder of both NMS & NMSO who regularly participates in the HC forum.

I first bought in at 60 and sold at 72 earlier this year after which I have recently been accumulating NMS from 94.5 downwards & NMSO from 72 downwards, so, I am in the red after today's fall to approx 69. I did buy more in the 60s today, however, after a brief rally back to 78, sellers wiped off any chance of an intraday bounce.

I now hold approx 130,000 in total so I am also convinced of the company's profile and business plan.

I would suggest that Macquarie has not sold down and that the sellers are small time investors taking profits. To me, anything under a $1.00 is a bargain. What is of concern is that buyers may become exhausted soon. T/A for NMS means nought. If it did, it is indeed bad news that it slipped through 82, although today's bounce to 78 again before the late sell off, technically implies an announcement is very close.

In my opinion, I believe that the Houston conference may be of some use in expanding their profile. The Asian market is where their profits will be held. In relation to impending contracts, I believe that NMS are implying that they may not have the necessary expertise to decipher contract law hence their need to radically alter their executive. This may take another month. In the meantime, they do need to come up with "a" contract soon. In their recent update, they mentioned the word "shortly" - timeframes are then impossible to define. NMS appears to be conservative in their approach in informing the market of what will happen next. Agreements can only be announced once completed - and this will happen "shortly".

I do not see any footprints in the NMS charts to suggest any insider knowledge of undisclosed information that would be market sensitive. With Harrison being not able to be contacted, it does make the knife fall harder on us. On a positive, it may be more than likely that he is currently negotiating contracts (plural) and that NMS are unable to comment any further until a final contract has been ratified.

Unfortunately, we are only stakeholders in NMS and therefore unable to participate in their overall marketing. Their recent update was a positive, however, the Easter correction was bad timing and many holders decided to take profits and invest in dividend blue chips. This is why the overall micro/spec stocks have been put under enormous pressure. However, NMS have fallen more than 50% - this is unusual. It needs to recover before early June or we will be faced with more pressure from end of financial year selling.

There is not much we can do except share and interpret information as it comes to hand.

I maintain that this is the time to accumulate both NMS & NMSO. It is oversold.