No you don't want to hit the sell button just yet IMHO... the ship is slowly turning we have found a bottom in my opinion at 3.7c volumes decreasing on avg and day trader activity drying up. Seen it time and time again...
It would take some signif bad news to drive it down for a close below 3.7c. ...and for the life of me I can't see anything dark on the near or far horizon (except more coal of course!)...they will need to raise again come Feb But I'd expect a massive increase in Jorc between now then and results of a scoping study on the 4.2bt Jorc ... at the upper side we could see tripling of current inferred Jorc at the lower side 10% -20% increase I'd reckon as they are already hitting coal into the phase 1 step out drilling in the South East corner
All is IMHO DYOR
NMR Price at posting:
3.9¢ Sentiment: Hold Disclosure: Held
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