NTU 2.50% 2.0¢ northern minerals limited

@SHRay , It's been almost a month since the divestment order was...

  1. 401 Posts.
    lightbulb Created with Sketch. 278
    @SHRay , It's been almost a month since the divestment order was issued and the shareprice has dropped from 3.6c to 3.5c in that time...after a peak of 20.6m shares traded on June 12th we are back to a miserly 1.98m shares traded today for a grand total of A$69.4k...short position on NTU as of 28/6/24 was given as 73,763, ranking NTU's short position as 610 on the ASX...as a % of 5.9b NTU soi that rounds down to 0.00% shorted...PLS, the most shorted stock on the ASX has 21.2% shorted...

    So where is your evidence that NTU shareholders are nervous? panic selling/plunging prices? huge volumes? ugly short position?

    As per my Post #: 74396001 , the odds that NTU's directors are busy facilitating block trades to friendly insto's is becoming even more likely...if you are waiting for a price collapse on the 6th August to scoop up cheap NTU shares you may well be dissapointed, IMO the sp may well rebound once a resolution to the divestment overhang is announced. Time will tell...tik tok, tik tok...DYOR & GLTAH!


 
watchlist Created with Sketch. Add NTU (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.