Well it comes down to the 2 fears and which one is stronger in...

Well it comes down to the 2 fears and which one is stronger in my mind.

1. Fear of making a loss - Markets are volatile punters are nervous taking large punts when the it seems a constant stream of negative news from world markets is risky.


2. Fear of missing out - NMR have released an amazing initial Jorc resource which appears to be just the beginning... Valuations against direct peers suggests a market cap multiples above current valuation. Perhaps in the range 18-20c initially. This relative valuation will adjust regardless of what happens in the market.

Currently we have what appears to be a stalemate in price action ...In my experience agreement on price does not last long.

We all know that a new NMR presentation will be released on the ASX over the next few days. The price will likely move on this news... In fact the market may start to rise before the ann is made in anticipation of it ..

Over the next week or two new buyers will enter the market especially when the presentation is given in London and Hong Kong. This will bring more upward pressure to bear.


Finally, this stock may only move when the bigboys decide it should...not many on HC will have the financial clout to move it for long. The big boys will only move it once they have got themselves setup with a large position... Until that time they will do all in their power to hold the price down so they can accumulate. The exception to this is if the Company releases a +ive/-ive announcement in which case small investors act in unison and have the power to move stock prices.


Also sometimes it will take a shock to move a stock ..for example a sudden sell down triggers a buying spree which starts and uptrend and allows the large guys to get their fill...

All I know is this stock is way undervalued and it will autoadjust sooner or later to fit with is peers ...Peers either need to come down to NMR's level or NMR must rise or both.


Sit tight an you will be rewarded...


And on that note we have a trade at 4.2 ... looks like some may be appling the shock panels...