They can't snap up 11m due to the 5% moving average rule and lack of free float means buying will move share price so they can only slowly accumulate as market allows.
They've given out plenty news recently but will take time to turn these new inventions into money as they need final proving and deals with JV partners or companies to take forward, we don't wish this tech to be sold cheap in a hurry, give them time to maximise values, patience is the key here.
Shipment cash soon and that will give clear indication of our share after cost plus perhaps the cash required to pay another divi, 2ct divi cost $11m.
Holding the 13.8% of mine is to me great news, it gives good income to cover cost per year whilst NMT set up deals on all other opportunities they've recently announced, come end 2017 we should be shipping 400k ton all at 6% grade the price of which has just been increased by 12% which will drop straight onto bottom line as all cost already covered, not long now until we get better clarity on what this could be worth once the first six month shipment cash is announced, Loop.
NMT Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
