NML release is perfect!"That there are no corporate developments undertaken by the corporation which explain this activity."
Key phrase in the release "undertaken by the corporation".
The news release from NML is perfect and was most likely required by the exchange.
Raymond James updated coverage on NML of 3/25 was also interesting citing a partnership may bring NML to 1 x NAV of $4.11.
Considering RJ cites the possibility of $4 per share (although report target was still $1.60, Tom Meyer did state that the target did not consider multiple factors including rise in iron ore price, demand, potential partnership...), it's interesting and entertaining to read those that think this will run to $10 to $40 plus short-term (or long-term).
Given the possibility of a world-wide recession, which would reduce iron ore consumption (since infrastructure development would be dramatically reduced), I'll be quite happy for $3 to $4 short-term, which is most definetly viable and likely.
Yes, there is the possibility of $5 to $10 if one holds this long enough (and a partnership is announced) however, risk/reward, given the macro-economics at hand, I won't stick around.
Am I long? Absolutely, given the fact that I've held shares since NML went public, but I'm also a little more realistic.