Totally agree captain. I like this company and hold a few shares. But I am scared by these false ramping assertions, e.g. "News leaking", "6c by next week".
Fact: There is no news leaking. It's called retail traders jumping on board. They can just as easily jump off. Fear and greed drive most retail intraday traders.
There are two groups of holders now.
1. Short term positions hoping for quick gains. "The chart looks good", "It's broken out", "No resistance until 6c", etc. Of these short positions, most masquerade as long term fundamental believers but will sell out the instant they are fearful. A few honest ones say it as it is - FA is not their game and they trade purely off TA, which is fine.
2. Long term (at least a few months) positions that are very pleased with last week's action. Very comfortable with their positions because of a 4 bt resource with coal quality similar if not better than AFR's. Significant increase expected in next few months from south and southwestern tenements.
Whatever group you're in, we're all here to make money. Keep this thread factual and keep it free of baseless ramps.
NMR Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held
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