SealsSomeone yesterday "shorted, or sold off their share...

Seals

Someone yesterday "shorted, or sold off their share holding" forcing NAD's sp down from 6.2c to 5.6c - interesting to see if it continues today - he/she maybe forced to buy-back again in the market today

This time the "run" may go above 7.2c being the high to-date.

I have had re-read the Sept Qtrly 09's activities report - there are much more to expect other than the Laancelot drilling results.

1. Processing Trial of stock-piles - results pending (not sure - maybe someone can clarify on this)
2. Sacramore and Palomides pits have been dewatered and material has been excavated from Palomides pit to start Production Trials. The pre-feasibility production trials is focussed on the pipes Gawain, Ywain, Kaye, PalSac and Launfal using improved liberation and recovery techniques
- there should be some exciting actions here
3. Three 200t samples have been excavated from Gawain pit aimed at establishing an accurate base of pit grade. These samples await processing. These samples will be used to establish an accurate base of pit grade for Gawain and provide diamond size distribution information that will allow ongoing interpretation of the deep core samples which is required for pre-feasibility studies. Similar samples are to be excavated from the other pits under evaluation - results pending
4. ARNHEM LAND - Reconnaissance stream sampling completed on three granted tenements + Final consultation meetings held for 7 tenements with 6 now expected to progress to grant. NADL has a contractual right to obtain an 80% interest in 2 tenements covering approximately 2,097 km² of land in the prospective western region of Arnhem Land. The Company’s right to acquire an 80% interest in the 2 tenements is conditional on the grant of these tenements which are currently at the application stage.
5. YAMBARRA - Reconnaissance sample reports 1 kimberlitic chromite.
6. KIMBERLEY PROJECTS - Within the Company’s North Kimberley project area, the Company had previously identified a total inferred resource of 1.57M carats, contained within the Ashmore and Seppelt 1 and 2 pipes. The Company holds these resources under mining leases, as they continue to retain commercial potential. The Company also retains 1 exploration license within this region - Been quiet here for awhile, but hope they do something about it
7. TUE (25% OWNED BY NAD) - ARNHEM LAND PROJECT (The Arnhem Land Project Area lies within a region that is host to significant and in some instances world class unconformity related uranium related mineralisation. TEU has identified 23 target areas in the Arnhem Land Project for initial ground follow-up once access is permitted.
The Arnhem Land Project consists of 37 exploration tenements 36 of which are subject to ALRA access conditions. TEU currently has access to the 8 tenements that are granted and of the remaining tenements 11 tenements have ‘Consent to Negotiate’ status) + MCARTHUR SOUTH PROJECT (The McArthur South Project consists of 8 exploration tenements. In late 2008, a ‘RadonX’ survey was completed over an area where deep structures were interpreted to intersect favourable stratigraphy for hosting uranium mineralisation at depth. One of the tested structures reported anomalous radon responses on three adjacent grid lines which represent a strike distance of approximately 500m. A follow-up infill survey aimed at better defining the anomalous responses and highlighting areas for possible drill testing was completed during the quarter. The results from this survey are currently being assessed). TEU has yet to ran & has been quiet here - maybe we will see some actions soon too.

No wonder TR is so busy at site !!!

The more I re-read, the more I like NAD

Let's watch & see

DYOR - IMO

AoA