NAG SP will move inside the boxI specified: 0.12-0.195
If GXS had a bad result, it would drop from 0.19 to 0.12
If GXS had a good result, it would rise from 0.12 to 0.19
SP will effectively move out of the box after NAG has drilling result, which I think would be at least 4 months later.
From current price 0.185, the upside is 4-5 times, the downside is also 4-5 times.
i.e. if it has good drilling result, the price would be 92cents
if it has bad drilling result, the price would be 4 cents.
From now to the date it has the drilling result, NAG becomes a very tired dog inside cage. All pumpers or bashers or anyone inbetween, you need to find another board to post since people are losing interests of these coal stocks.
Anyone who is the supporter of NAG, should move to SLT because it will have much better chance to pop in the near future. Technically, it is traded in the bottom price range, with 52wk low of 10cents, and the price has been at 0.11-0.13 range for more than 3 weeks after falling from the 33.5 52wk high. SLT still doesn’t have any decent rebound yet. PP were taken a couple of months ago, which will be due soon, so It meet the P&D requirements as well.
Anyone who lost money should serious look the opportunity to make it back from SLT