Nobananas - if any consolation - my first post on NMR was that "you have to bleed a little once in a while".
I jumped in and its dropped from there - now I am bleeding and eating humble pie too, on that clump I bought! Not the best - but am still very happy to hold and wait. Grabbed a few more today to average down and increase % holding.
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Am working as fast as I can with what time I have, between a messy weekly work schedule this week - to find out the names behind the holders/buyers of this company. Will post if I find anything worthy of it, and only if mafia/cia/kgb not involved (I want to stay alive!). I haven't had much time to watch the trading "live" this week, but am a bit sus' of some of the sell stacks/numbers.
Of course it can go lower - but looks like price being forced down??? Very neat x,xxx,000 sell side with what may well be a trigger sell of 1 share appearing at 0.041. If someone is brave enough to hit it - maybe we can see what they will do - BUY / SELL / MOVE stacks a little.
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Top twenty of 23/11/11 had 11.5 million shares split between commsec and etrade nominees. Last night released top 20 shows commsec down to 3.6 million units and etrade dropped off the list - small punters have made their choice it seems.
Very easy for an accumulator to sell a holding in 1/2 million quantities to themselves, off the radar (below the 2.5 million cut-off as it were. Guessing here of course
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Now massive % holding by directors. With 98.9 million performance shares issued the other day. 83.7 million of those performance shares now held by our directors - all top 3 holders now with over 5% holdings - so they will have to report if they chose to sell any. Not sure they will be doing much selling with drilling so advanced - why bother unless you new the world was going to tank???
So only 15 million other performance shares floating around - will look into where these may have gone if can trace it.
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Not ramping - this is just a daily sanity check!
Any feedback appreciated - sort my brains out for me please punters...!
NMR Price at posting:
4.0¢ Sentiment: LT Buy Disclosure: Held
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