re: diamonds - grade increase - should be good day
Stock may hit 10c this morning (35% rise in 1 day). We may see some more sellers come in at around this price, although possibly some remaining tax loss sellers may pull their offers.
I have been accumulating at around 7.5-7.8c over last few days, although my overall average price is maybe 8.5c (I bought a parcel at 9c about a week ago, thinking that might be the bottom).
Anything 10c or under is still good value I think, particularly if the quarterly confirms good news - could see increased European buying over the next few months to support the stock.
NDC will need placement later in the year (cash at March was 2.4 million), but I think there is enough good news coming to enable it to be at a reasonable price (12-15c? if diamonds are in favour at the time).
angus
angus
NDC Price at posting:
0.0¢ Sentiment: None Disclosure: Held
