NMR - Nimrodel Resources

NMR up 15.4 % (0.6 cents) on high volume today (just under 10 million shares traded), signs of a turnaround maybe?

beatle said:

NMR up 15.4 % (0.6 cents) on high volume today (just under 10 million shares traded), signs of a turnaround maybe?

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Hi Beatle, todays volume was certainly better than recent times but not enough to be convincing IMO.
Tomorrow it needs to double todays volume to set the stage for a good run.
A 15% increase is a step in the right direction but from my eyes it wasnt convincing especially at close today I would have preferred to see a higher volume traded.
On another note there is a fresh follow up valuation by DJ Carmichael which im keen to have a look at, this should ad to the 17cps in their last valuation 15/12/11 with an added 2.6 BT (i think from memory) to the resource base.
My

Hi DougsAntiques, well I think the point of our discussion is that NMR is not forgotten for long, whether its got the capacity at the moment to go through the roof due to lack of volume is one thing, but the fact that it has got so much potential for a real run due to its resource base - and yes I'm the same as you, the numbers are so large I have to keep looking at its announcements to remember the quantity, lol.

I have got a stack of NMR already, had them quite a while, but I'm thinking if it comes off again then I will load up with possibly another lot, in case it really comes to the boil -but also realising that there will be a capital raising sometime.

NMR in trading halt today pending the release of an announcement, I cant be related to Capitol Raising as this is almost sorted with an insto.
More than likely it will be the completed scoping study which is due in March (this company always seems to be ahead of its deadlines which is a great thing for its shareholders).
Im still waiting for my copy of the latest valuation by DJ Carmichael, hopefjully it will be in the letterbox anyday now, this will probably give NMR a current value of 21 CPS or more.
NMR has a resource of approximatly 7.2 BT of top grade ore in its portfolio at Takatokwane South and only started drilling in this region 6 to 8 months ago...im keen to see what the next 6 months holds for this small cap with great management.
DYOR