NTU 4.41% 3.3¢ northern minerals limited

longtermlegs ,You made a very valid point "Market Cap $170MApril...

  1. 5,436 Posts.
    longtermlegs ,
    You made a very valid point
    "Market Cap $170M
    April 2011 - NTU resource NIL in situ
    Market Cap $65M
    April 2014 - NTU resource worth approx. $4 billion in situ"

    I do remember the usual suspect coming in NTU forum ,to point out that NTU had no JORC and was seeking to buy @10c.
    Now the Jorc has been proven and waiting for PFS .

    NTU continued to progress ,with no financial problem.
    CR was easily raised when it was needed ,and i do anticipate NTU will cont to receive the desired support to get to production in not too distant future.

    What NTU does NOT have is massive debts problem .Money borrowed to build a refinery ,LAMP that is struggling to do the job because of the bulk LREE in the mix.

    NTU would only need a fraction of the costs that were needed for LAMP. The NTU mix , mineralogy ,metallurgy is the difference. HEAVY,HEAVY HEAVY REE remain in demand and short supply.

    The daily SP control has slowed down.
    The investors are not selling and NTU is not a typical traders share .
    Nothing can be done about the left hand selling to the right hand with the aim of bringing the SP down.

    PPL woke up to the big boys tricks of the trade.
    Hard to buy substantial quantity of NTU at current SP.




 
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Last
3.3¢
Change
-0.002(4.41%)
Mkt cap ! $192.1M
Open High Low Value Volume
3.3¢ 3.3¢ 3.2¢ $60.42K 1.835M

Buyers (Bids)

No. Vol. Price($)
13 3055604 3.2¢
 

Sellers (Offers)

Price($) Vol. No.
3.4¢ 354803 2
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Last trade - 15.47pm 28/06/2024 (20 minute delay) ?
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