AGM was a waste of time. Port Hedland - wow 1.5MW. The needle should not move on this news as this is like SC1, pathetic sub-5MW facilities that will takes 5+ years to reach 2.5MW combined.
SP rise is temporary.
Intelligent Investor 6 months ago predicted SP to decline and at thatt time put a "Buy below $9.00" on the stock. Since then it has gone as low as $8.30. They were right.
Now Intelligent Investor, as o 18 Nov now are advising there customers to buy below $7.00. They will/are/will be right again.
Don't buy NXT until it reaches $6.00. Even the AGM says it does not expect any significant contracts until 6-12 months away.
In the meantime, the overall macro environment will decline significantly meaning NXT has a loooooong way to fall over the next few months.
Buy in when Scroggie buys in. He sold at $13.57 and has demonstrated no interest since then in buying back in.
Not a good sign as this company has much pain and earning multiple contraction ahead.
NXT Price at posting:
$9.48 Sentiment: Sell Disclosure: Not Held
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