Its 8.54 markets in pre-open and theres in-fighting, Timbo is on suspension and Martis is Grogman in disguise and we havent even started trading lol...
The consensus is that NMR is undervalued and fundamentally will be re-rated in due course against SA coal peers. So both sides forecast SP appreciation whether NMR retraces to 4.8/4.9c (which is healthy as well) to fill the gap or not and form a new base at 6ish to start breakout move as part of being rerated.
FA wise not sure if its been mentioned briefly. But there are 4 things we are waiting for not 3. 1. Phase 1 drilling results. 2. Start of Phase 2 drilling. 2. Scoping study. 4. And the Biggie... Botswana is potentially finalising ther Coal Road Map in January which will then start re-issuing exploreration and mining approvals again. A comprehensive re-evaluation of coal to be commercial. This is what has been holding back the SP for all Botswana exposed explorers in the country.
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