Now we have dipped our toe in the water on the + side of 50c now getting well and truly tested and with good support. Probably be a bit of profit taking [a lot bought between 33c and 40c] which will see minor retraces but that isn't bad because for everyone who sells around 50c there is a buyer which will create a new floor so hopefully some large volume trading around these prices.
I feel we will get an announcement very soon. AB at conference next Wednesday and AGM 5 weeks away so can expect good news before one or both of these.
Even though it has been a rocky road it shows the underlying strength and support Newsat has. Once we get some more support at >50c the next stop will be 60c.
It has a lot to live up to in 2014 and I reckon it will deliver in spades. Can't wait for 2014.
NWT Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
