Yeah buying interest is nonexistent. However, I believe a roadshow is starting over the coming weeks. I don't believe the shares are voted on until late March. So it may have a run up before then but sure you'd get the inevitable profit takers then. No one knows who the shares went to, but I was told very sticky hands so who knows.
You have to remember that the shares are in tight hands at the moment. I think we have a few day traders plus stale holders as you identified. We have been sold down so far from mid to high 3s on bugger all. Someone wanting in will get this very interesting again. Depends if you think it is worth stuffing around on for 10%?? However, I am guessing that is a risk you're prepared to take which is cool.
NDL Price at posting:
3.2¢ Sentiment: None Disclosure: Held
