RE:RE:RE:RE:RE:zinc and copper todayRob926,
just. Checked the Nasdaq web site and it reported no short interest at all on Nsu shares.
it seems as though institutions have been buying the stock... According to the link below.
https://www.nasdaq.com/symbol/nsu/institutional-holdings
overall Nsu is not a market darling...
For proof of that ... All one has to do is look at how undervalued this stock really is...
also, over the last 5 years, their have been phoney allegations against Nsu ... Starting with this frivolous law suit by these 3 Eritreans ... Along with the even more ridiculous documentary done by the fifth estate...
so there are definitely forces out there conspiring against Nsu .
my guess is the big institutions are trading stock between each other... And placing big sell orders when Nsu share price hits a resistance level.
lets be honest ... It's not the retail investor holding this stock back.
The stock has hardly moved in recent days ... Most mining stocks have seen very good upticks in their share prices. So ask yourselves why not Nsu ?
previous knocks on the company was that, Nsu was a one trick pony mining in Eritrea ( a contreversial region as far as the USA is concerned) but now , that is no longer the case. Nsu has a mine in Serbia now too. so what else could it be?
there has been lots of talk about their current mining problems... Seperating the copper from zinc.... Personally, I don't have a background in all that field of study... So I'm not even quite sure what is happening with what they are taking out of the ground... All I know is that during the last conference call ... The matter was to be resolved "soon"
in a rising commodities market tho...I find it hard to believe that Nsu is still trading below the announcement of the reservoir acquisition .... That's smells fishy to me...
so what else could it be?
Are the bigger miner players , looking at Nsu as a target? I believe they are! Especially Lundin!!!
so has Lundin and Freeport conspired with the institutional investors in both the USA and Canada to keep Nsu shares low while they try and accumulate cash for the transaction ...
Blackrock Vanguard Sprott and a few others own some big time shares in Nsu ... As soon as a little rally starts... Out comes these big block trades ... We saw those in September and October.
these firms are playing ping pong with Nsu shares...
perhaps in 2017 ... When Nsu firms up their findings in Timok ... They're could be interest from Chinese miners and Qatar mining... Both would definitely be more comfortable operating in Eritrea ...
finally ... At current copper and gold prices... Timok is worth at least $1billion usd
if copper goes to $3..then it's worth$1.5 billion usd.... And that doesn't include the other larger zone...
so Eritrea I guess is worth $0 at the moment...?
in my opinion, the sec should be looking into the trading activity of Nsu shares ...
can't believe we are still at $3.15 per share.... UNREAL!!!!