NST 1.20% $14.04 northern star resources ltd

ann out: production update - expansion , page-39

  1. 1,059 Posts.
    lightbulb Created with Sketch. 84
    I recon Len is right. I have learned not to bet against him.

    I think that the chart is reflecting the fact that Paradise residual holding is overhanging the market and it needs to be cleared before we can go up.

    We have seen in the past that when the exit they do it without too much concern to their impact on the price.

    We will never quite know when they are gone as they are now below 5%.

    They had about 20mil to clear as at the 8th.

    I would bet that they are 80% of the volume.

    When that is cleared I will bet that Len sees a buy signal on his chart and the two interpretations will interlock.
 
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