It doesn't affect me, because I've already taken the hit, but I'm amazed that there has been a recent buyer, according to Holla, of around 15 million shares with an average of around 3.0c. What on earth is this person thinking ? Perhaps it's a high net worth type who can afford to burn $400K, and who is trying to counteract losses by not only averaging down but almost single-handedly providing a temporary floor to the price (without this buying it could well be under 2 c. I'm guilty of this in the past, notably in a dog called Golden Gate Petroleum - believed, ignored the market, ended up with 5% of the company and lost 80% of my outlay. A very nasty experience, but entirely my own fault. Strangely, its Head Office was also in Perth.
Of course, in context, his/her dollar paper losses are probably no greater than some existing holders in at over 8c, but NOR is not the stock for bravado.
Unless, of course, he/she knows something that no-one else does.......
NOR Price at posting:
2.2¢ Sentiment: None Disclosure: Not Held
