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0.3¢ nelson resources limited.

$11M Capped NES is Hunting the Next Tropicana - Drilling to Start in Days, page-12

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Just4kicks

3,692 Posts.

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26/08/21

09:45

Post #: 55582040
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Originally posted by Austingt: ↑

Thanks for sharing your views.

the way I see NES is that we are in a low sentiment cycle. As you point out, Adam is not willing to wait and has taken a path that most will not take. Many, early this year, we’re expecting news to flow, myself included. However weather etc has hampered this. People are bugging out, but the core support I believe remains strong. Sentiment will improve as the strategy starts to play out. Latest announcements and interviews make it clear that drilling is happening right now for NES, while others sit and wait for rig availability. Core sheds must be filling up, and the long awaited regular news flow can not be too far away. A few nice results can prove the bold strategy as being correct, and those selling at these crazy discounts will be questioning why they let their patience get the better of them.

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It sounded to me like they were contract drilling or leasing out rigs to other explorers and doing rig upgrades more than drilling the tenements they hold if I interpreted correctly? which had me questioning why they're not drilling if they have such prosperous ground. I may well have missed something so could well be wrong.

NES Price at posting: 3.9¢ Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $1.840M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$825	275K

Buyers (Bids)

No.	Vol.	Price($)
18	25035109	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	1441002	3

View Market Depth

No.	Vol.	Price($)
18	25035109	0.002
16	31125549	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	1441002	3
0.004	4615993	12
0.005	6000482	6
0.006	2838351	4
0.007	2375881	3

Last trade - 10.19am 29/07/2024 (20 minute delay)

NES (ASX) Chart