RE:There was a steady buyer there at $3.03 most....Being invested in NSU ... For 9years now.... I've seen these block trades come and go...
to me... They represent no significant move in the stock price.... It just holds... At most ... A 0.15 - 0.25 cent move on either side ... But mostly, the trades seem like Washtrades!
nsu has lagged... Many other miners had a major rise in August and September ... NSU has trickled downwards or stayed flat....
nsu has improved DRAMATICALLY its financials !!! Its assets have increased dramatically!!! Yet no significant rise in the share price...Eritrea aside... This company has decreased it's risk profile and increased its profit potential ... And not been rewarded for its accomplishments!
block trades... Wash trades... Writing covered calls ... While collecting the dividend ... This is how some of the traders have been manipulating this stock price!
we will see how this all plays out... But I'm not optimistic in seeing a change of heart towards nsu....
For reasons unclear to me... They haven't received any love from the markets in 10 years ...
nsu keeps trickling downwards...
Im never selling my shares tho!!! But I will continue to monitor the trades...
Our best chance for a realistic meaningful rise in the share price is for nsu to be acquired by a major miner!!!
Until then... Just enjoy the malaise! And the dividend!