I appreciate that there are posters like Macleod that try their best efforts to research the company and try to communicate with the rest of us HC posters.
Honestly I look at the market depth and this is the best indication.
At the moment there is absolutely no interst at all from the buyer side. Even selling 150,000 units (which was the number that I held till a few days ago) is not that easy without hitting the share price.
If indeed something was happening in a couple of weeks the share price would be moving now.
A example is Bannaman Resources(BMN). On the 27th June the share price was 22-23cents, then by the 8th July it was 37cents ... yes on higher traded volume. Then this monday they announced that "a takeover is expected".
While I call the company and speak with the directors on about the company but I realise from experience is that anyone who is paid for "advertising and selling" the company profile cannot be trusted. Of 10 correspondance maybe 1 is correct.
NKP Price at posting:
24.5¢ Sentiment: None Disclosure: Not Held
