@Lemons312, well said. They are cashed up now because the raise was fully underwritten. I believe they have to be negotiating for JV partners or full sale to a/some very large buyer/s.
You don't sink that kind of personal capital without, a) understanding the commercial (sale) value of a company, or b) having faith that the demand for Ni is real, or c) the belief a deal can be done.
You are thinking the same way I am here at present. I am a modest holder of this because it is speculative for me; not knowing what is going on behind the scenes. The size of Director buying tells me this looks good. I bought some more this morning as a top up; to dollar cost average down and add to my return if my understanding of the asset and recent moves is correct. Time horizon 6 months but expecting a result much sooner.
GLTAH CW
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@Lemons312, well said. They are cashed up now because the raise...
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15.0¢ |
Change
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Mkt cap ! $16.41M |
Open | High | Low | Value | Volume |
13.5¢ | 16.0¢ | 13.5¢ | $45.02K | 298.0K |
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No. | Vol. | Price($) |
---|---|---|
2 | 63571 | 14.0¢ |
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Price($) | Vol. | No. |
---|---|---|
15.0¢ | 131664 | 1 |
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No. | Vol. | Price($) |
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2 | 63571 | 0.140 |
1 | 3199 | 0.135 |
2 | 77101 | 0.130 |
2 | 69528 | 0.125 |
5 | 153308 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 131664 | 1 |
0.165 | 118916 | 2 |
0.170 | 6517 | 1 |
0.175 | 11500 | 1 |
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