You’re right, but people like Rabbitoh who believe they can sell now and buy back in at lower SP are actually shorting the stock and they won’t show up in the data. Good luck to them, if I was smarter I’d probably do the same but prefer the simple HODL* strategy, and topping up on the way down. NXM is undervalued by the market IMO but that will take time to be realised. I trust management have a plan for capital raising that doesn’t burn existing holders too much!
*hold on for dear life
Ann: Investor Presentation, page-40
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