I cant help but think about the "third little pig" Slowly...

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Howard Ino

12,004 Posts.

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14/08/15

08:28

Post #: 15805635
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Originally posted by mick49 ↑

Not speaking with the benefit of short term hindsight but with the benefit of 4 decades of stock market involvement behind me, I expected the SP to behave pretty much as it did post TH / announcement by firming up only a pip or two. Expectations of it rising to somewhere near .02 almost immediately were overly optimistic.I have never, yes never, seen a stock come out smelling like a rose after a TH particularly in a battered and bruised market such as this one. It happens sometimes - yes -but much more likely in a hot market. Furthermore the funding news was very welcome but not overly surprising. It was simply filling the next part in the jigsaw to keep moving the company forward. To a large degree that had been expected and therefore already factored into the SP, with the only real news being that it has now been achieved. An expectation met with relief but not an earth shattering event. To put a rocket under the SP a different type of announcement is needed, one which is sensational and exceeds all expectations. Better still if that can be spiced up with something coming out of left field which catches everybody off guard. That potent cocktail will "rock the stock's socks." and ignite the SP. Today's announcement was a standard good one which in conjunction with further developments should see the SP keep on firming up gradually to ultimately become a sound stock, and one worth holding on to. That is certainly my intention.

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I cant help but think about the "third little pig"
Slowly building brick by brick,
Knowing that the wolf is always at the door. Haha ☺

NSL Price at posting: 1.2¢ Sentiment: Hold Disclosure: Held
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