I bloody hope so!!! I do not like the red arrow on my portfolio.
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I see someone has a bunch of shares for sale at 7.5c
I love it :)
I might put some of mine on at 9c and hope the news is good.
Not a lot of shares for sale at low levels if a rush, GOLD RUSH, happens
Could be more singing of 'Gold Fever' on this thread soon :)
I followed their lead ...now bout 4mill up at 8c .
I love the optimism...and then there is a bit of a sell off...Let's hope they don't know something😁.
OZ up 0.4 already and trading at 1.7 AUD
For a bit more serious analysis of what this latest announcement means for NTL...
Several of the barriers being raised by protestors and doubters have just been removed.
Some were questioning who was going to process the ore? Answer...NTL themselves...on site and with no nasty chemicals. No need to cart the ore out, saving cost to the company and disruption to the locals.
This should make the cost per oz considerably lower than having to cart ore down the road for treatment and make it even harder for the "environmental" protestors to string any sort of coherent argument together.
Todays announcement proves my point on Monday doesn't it
The news was leaking out that good news was on the horizon and magically all that big massive block of sellers from 1.6 to 2.8 crumbled to dust.
Now a serious buyers has to take price to 2.8c if they want to put in a reasonable amount of dosh.
Don't tell me insider trader doesn't exist.
I am going to now put a couple of Million shares in at 9c in case a gold rush on the limited supply of shares happens.
Rest I am going to hold long term now its all go !!!!!!