We are on the countdown now, 2 weeks or less, to an announcement that is either going to make us holders very happy or peved off.
Some reasons why I think it will be third time lucky;
- Posit have had months to tie up a deal on most, if not all of the projects that it is targeting. - NRU management would not have persited with the deal if they didnt think there was a strong chance of this deal coming to fruition. Remember they have quite a bit of skin in the game. - The consequences for NRU from a confidence and SP point of view are not pretty if a deal cant be done. - The SP has held up well in a falling market indicating confidence in this deal finally coming through.
Just some thoughts, time will tell. Good luck.
Retrac
NRU Price at posting:
10.5¢ Sentiment: LT Buy Disclosure: Held
