NXR 0.00% 2.0¢ nemex resources limited

Hi Lauban, the reasoning for me is simple - the stock is...

Currently unlisted. Proposed listing date: WITHDRAWN
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    Hi Lauban, the reasoning for me is simple - the stock is fundamentally too strong for it to drop below 10c for any sustained period. I'd bet that most readers here and a hell of a lot of others have off screen buy orders waiting for anyone attempting a tree shake / sell down - ie a tree shake to accumulate wouldn't be successful , they'd loose more shares than they gain. Also apart from any late / new commers I doubt there are many stop's set anywhere near 10c, especially after the last tree shake. I don't have stops on this which is easy as I'm free carrying but IMO there are many others the same hence the SP has held despite technically looking risky.

    The SP is still at ground level while NXR / WBT are already on the 5th floor. It takes some reading between the lines as info certainly hasn't been plentiful but the company is now set up for success.
 
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