Hello Benedictus. I was looking back at the shareprice run from when NPK last traded at under $1. What I recall was how quickly the price moved upwards once the buying interest crystalized. The FOMO syndrome seemed to be in play, albeit tempered by some shareholders who had held shares acquired years ago at much higher ACBs bailing out when the unrealized losses actually returned to break even.
What is different this time around?
I think we should keep in mind the 4.5 million shares for disposal under the approved CEO "hands-off" sale plan. While the daily impact is muted by the cap on the number of shares that can actually be sold each day, once the share price moves above $1.50 (which appears to be the floor price under the approved plan), some part of the buying interest will be met by shares offered for sale under the plan. It will take over a year at current trading volumes to dispose of the 4.5 million shares.
Something to keep in mind as we speculate about furture share price and the timelines for us to see these prices.