well the director saw value at $2.57 as he bought 50000 shares. And there are enough buyers between current price and $2.35 to make up another 590,000 shares (ASX and CBOE) for a notional of about $1,400,000. Not to mention that for every sold share somebody bought one so I guess they were interested too.
id say there is plenty of interest around these prices but I’m not qualified to give advice! My guess is that the instos had some kind of requirement within their funds constitution that forced them to sell. The size of some of the trades hitting the bid were way too big for your average retail punter.
NUF Price at posting:
$2.42 Sentiment: Buy Disclosure: Held
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