I just love the rise in this Negativity .....the good sell off...clearing out those short term knee tremblers and the move of shares from WEAK HANDS TO STRONGER HANDS ...this must happen to dry up supply. We are now trading about Book Value 16c/17c..Yes we may dip lower ..but the good clean out to the value point has been reached...More of a clean out today before the rebound? ....possible ...but we have now cut through all these years of excessive fat( ie excessive over indulgent optimism..) and now we are reaching the bottom of the basing process..( lots of people now hate and loath this share...this is a good sign ..little unbridled optimism left ) We are onto solid ground from which a recovery can be made ..how much is it worth...book too /book and a bit...over the next month or two or three ..16/17c to 20c ...will it spike higher than this ..probably...where could it go without further news..don't think much more than 25c ....with continued good news...twice book 32/34 c....A very good return from 17c for a trader. In two years if sales of large recycling plants take place creating a rising positive cash flow, rising profits and a solid rising Book Value .. ( and management keep their hands out of the till) Well it won't disappoint those with limited exposure who are prepared to take the risk..possibly two to three times a rising book value of say 30c/35c Good for those who are happy to trade in and out or just give it time for the magic of the potential growth in value to drive price.!!!!! All the best to All
NMT Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
