About 300,000 shs (~2%) of the Company got sold (got Bot)by some shareholders below $3.00 last week on that little downside raid for Sell Stops.
However, they should constitute good support below as they try to get some, if not all of their position back, as the assay results near.
Additional core pics for viewing, by a broader range of geos/analysts/industry media types, should also firm the floor with bids.
The control of the free trading shares is out of the control of Company management once they are issued out of treasury, and shareholders can sometimes be very fickle.
Ellen is doing her part by mothering them very dearly, as evidence of the early close of the PP @ 40.08, and now the pricing of the PP for the next drilling series.
I would encourage all those that need a little extra confidence in order to hang onto their piece of ownership of NNA, that this is a case where you 'go with', and 'trust' management.
It's a small fraternity, this Cad. mining and exploration business.
Everyone knows everyone else.
And Ellen and her team have been in the game for decades.
If they are limiting ownership by not diluting the Company dramatically, it also means that they themselves can't 'load up' more, or 'load up' their buddies.
Ethical is what that is called
And if they are holding tight then so should we.
Early days.
DYODD