A permit will not save SP
In fact, it can just work as a catalyst to speed up its drop.
Thinking about this:
Hundreds of bag holders waiting day and night (as they are on this board day & night) to sell their shares once the news is coming.
on the contrary, the buyers are still hesitating that when they can actually drill the property, what is actually under the ground, how accurate is the sample grabbing methods? With those questions in buyers’ minds, and they know that the most powerful weapon has just been fired, nothing to backup, so the buyers will wait.
The excited sellers find out that with this powerful weapon, the SP has only jumped 2 cents and lost its steam. Sellers give up and this speeds up the drop.
So, at this moment, Traderjeff1, Be careful with your forecasting that NAG SP will pass 52wk high once the Permit is received.
PS.
Since TraderJeff1 admitted at he was wrong but the lie was from SLT IR., I unveil my trading: I bought too many SLT above 20c after I trusted three “great” posters’ posts. They are Enermen, HHappy and TraderJeff1, all of them seem to have close relationship with the company and each of them told me the news is imminent and huge.
So you are wrong, but how can I make up the loss on SLT??