I like it too and this post is not just replying too you!
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My Reasons...
I have been able to drop some substantial dollars into it and then pretty much turn my back on it while having a crazy work schedule during the holiday period - and watch is rise very nicely. Leave after watching the start of the market or return after a days work - often has me seeing a green / greener number.
Every time I have a thought and do some more NMR research, the story seems as good - if not improving slightly day by day. A few other HC punters seem to be finding the same.
Those in prior to Nov 16 made a killing if they bought the lows.
Those in at 3.7 - 4.0 have seen near 50% or even more in not too many ASX trading days
Those able to manage a trading parcel (i wish i could have had more opportunity during the holiday period) have had opportunity after opportunity to pull 5 / 8 / 10 / 20 .... and maybe even more % out of NMR - in significant values of trade.
The NMR fundamentals have not changed for the worse it would seem - in fact they have improved with the December announcement of the next stage of the TRIPROP buy in (seems they have got some coal).
We have positive news on the horizon one would hope.
VWAP creeping up nicely - with plenty of noise for the active traders to play in?!
Management seems to deliver what is promised on time, and can be readily contacted with any questions answered promptly.
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I dunno why you wouldn't be happy with NMR as a holder or a trader or both - unless you want this thing to hit a dollar inside of January.
Yes - plenty of other opportunities on ASX with many going gangbusters early 2012. But if one has the patience for NMR - we may well see some additional rewards too.
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Disappointing finish by the looks of the late trades - and Friday will always be a test - but good grief - its not so bad!!! We've had some cracker-jack finishes too of late.
The 10% swing between 6.4 and 5.6 today is not much worse than the swing between 3.7 and 4.2 that we saw a little earlier (percentage wise that is).
Just hurts a bit more as we is all hoping for it to run harder.
Especially given it was bashing it's head on a physiological and real trading barrier of 6.4 high - I don't think it looks too bad.
Lot of traders on this it would seem too - so bigger traders / weak hands / t+3 can all shake this small cap up pretty hard. It is to be expected.... roll with it if one is to trade it!
Some maybe looking to hit a home run, and no doubt it is disappointing when it stalls for a moment..
It will go when it is ready.
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DYOR - and as many have said before - be excited - trade it - have fun - but play within the financial boundaries that you have - and it can't be too bad? It is a spec, all-be-it a promising one.
Tomorrow we will learn more
all the best
bsh
NMR Price at posting:
5.6¢ Sentiment: LT Buy Disclosure: Held
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