NRU 0.00% 5.5¢ newera resources limited

more great drilling news, page-16

  1. 526 Posts.
    Agreed choppy, it's hard to fathom why the market cap is not double what it is now, 10mil is tiny for what has been discovered so far. Having said that I have seen plenty of stocks race upto ridiculous levels on initial discoveries and prospects only to fall flat on there face and there there a stocks that barely move and interest seems low only to explode when least expected.
    Nru IMO is in that second category and is still flying very much under the radar still but that can change very quickly. Drill results so far are extremely encouraging but the sp has just been muddling around this level, with larger traders making some silver driving the sp up a few pips and then pulling support and spooking holders to sell into the real buy orders and thus the cycle begins again. It's game on in the next couple of weeks when we find out how the black stuff washes up so watch for the trading dynamics hot up from here.
 
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