RE:RE:RE:RE:we must be crazyCall me crazy all you like. But I really see no point in selling at these prices. This is the level it was at before they did the grab samples..... I call that CRAZY!
The real problem now is to get the drilling financed. And I believe that that is the main reason the SP is so low. Probably some bigger players are interested to help financing but they want a large(r) piece of the pie. So they move the SP down. This can be done rather safely as no news is expected on the short term. Waiting for drilling approval and financing of the drilling. They have about 1m$ in cash but I guess that is not enough for (significant) drilling. So I guess market is playing "hard ball" with NTY and wants to get in cheap for the drilling.
Really believe NTY has done a great job in 2016. Great grab samples, new dykes detected, and detailed channel sampling. We have, as they said, just touched the "tip of the iceberg" and now have to start drilling to proof the resource. Financing at 20ct a share would have been much nicer then at 10ct a share. But we will need money to move (or rather drill) forward. Bit of a stale-mate right now.