rule number one of stock investing....
ONE: ALL SHARP PRICE MOVEMENTS WHETHER UP OR DOWN ARE THE RESULT OF ONE OR MORE (USUALLY A GROUP OF) PROFESSIONALS MANIPULATING THE SHARE PRICE.
...
in again..
this time with a ton more research, i did a full review of austind and the sharholders there to see where the seed capital is coming from, i like what i researched there and i have decided to be in for the outcome..
dont care if i paid too much or too little for the investment, i needed time to research before making a decision on this one.. as i am ofthe opinion the austind merger will result in a total restructure of the company and i feel the work being done to make the deal happen is certainly not pie in the sky, the resource looks very very attractive and i believe that certain objectives would have to be met for the deal to go ahead..
good luck to all holders..
Sorry I am new to this but it Good news or Bad news
The reason being I am holding on to NSl for a while and dont know if it going to deliver.
Thanx in advance
Not really the tragady is I have been holding them since Jan 07... bought the at aroung 6 cents.
Not prepared to wait another year.
Thanx
Well it will be nearly a month this week when NSL advised ASX of its response to the speeding ticket.
....
Any one would like to respond.
lol well looks like its time for a bit ofas my trading plan of buying NSL in the low 2's and selling in the high 2's has left me out in the cold,
On the sidelines watching with interest/envy lol
Can't get em all
Hi guys,
Just a quick one to start the thread,
Here's what I believe to be the next 2c-3c penny stock to run
It has all the hallmarks of the other penny's
Its has 300m shares on issue, which mean at a price of 2.4c its Mkt Cap is a tiny $7.5m
So what does it have that may cause a trader based run/re-rating?
It has an option to acquire an Indian Iron Ore company which has an exploration project with a target 200Mt's @ 60% Fe (See extract 1)
Now there seems to be a bit of uncertainty with respect to the target grade and I believe this is whats holding up the comany, (See rock chip extract 2 below) however even if the company end up with a smaller say 80Mt @ 60% Heamatite target (per Historical Govt records see extract 3) The Mkt cap would be $50m+ so the upside is nevertheless huge
This isn't one of my usual fundamentally undervalued stocks etc, BUT its a very cheap penny stock that offers alot of upside potential and thus should be re-rated and capped at least $15m = 5c given the potential it has
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