The technicals look very promising for Monday the last Dojo saw the ultimate rise the following day. We are in that situation again we are near resistence as well and the weekly chart looks good too.
Ive had a very vague look at the fundamentals and comparing with GDA cannot see why NSL cant have a market cap. of the same value meaning NSL through my eyes could be valued at approx 8c.
If GDA can run on a 20% stake in 5-30million tonnes (historic area deposits) why not? The market can be very irrational at times especially with low market cap iron ore companies.
Will definately be watching come Monday. cheers russell
NSL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held