Does this need reflection NLI?, page-34

nli has been good to me.

I have bought in four times in the last month, and sold each time at a nice profit.

The last sale was at 9c, but that was pure luck as I intended to hold out for the court case news but then I noticed on my portfolio page how much profit my nli shares were in. So I couldn't resist taking it, even though I know that the sp would have rocketed given a positive result.

I have been looking for a re-entry, but I didn't like today's ann at all. It sounds as though they are giving up a bit on Sepeda. Swedish news is now a while away too.

They have lots of cash ($16.8m last reported), but there might be some hefty court fees coming. They have promising tenements, but then who hasn't!

Then there's the board problems, as mentioned here by the agm attendees.

So I have a buy in at 4.2c, but I might even cancel that.

all imho.

Cheers
ps. that seller who sold 4m at 9.4c looks like a genius now!