RE:RE:RE:RE:RE:RE:RE:RE:RE:Valuation Target for Abaxx: $10.70 post RTO ($0.89 pre RTO)Why do people who pretend to know everything end up revealing that they know nothing so quickly? Have you not read any of the news releases over the last three months? This is NOT an iron ore company anymore, or won't be upon next week's vote. They are disposing of much of the assets with further disposition planned upon merging with Abaxx. The insider buying is due to the anticipation of the Abaxx transaction closing, NOT on any kind of bullishness on iron ore. The increase in volume and price is due to the anticipation of the Abaxx transaction closing, NOT on any kind of bullishness on iron ore, or valuation of book valiue or anything else. Abaxx is going to come away with owning 80% of the shell. This is their listing now.
The only thing relevent about the commodity super cycle is that Abaxx plans to make a new exchange to trade LNG and battery metals. And that it's backed by several top mining execs. Now that is a worthy business plan for this super cycle.
quinlash wrote: Market sets the price. Not anyone's estimates etc. Book Value on NML alone was sitting around .12, for a long time however the market set the price below that for a lloonnnggg time. That was annoying but that's the market, not NML's fault. Now we have insiders buying at .155 so again, this is picked up by the markets and the market responded, setting the price higher than that. If insiders buy again in the .20's the shareprice will likely run up again to a new level as existing investors stop selling and new buyers come in.
You should google Commodity Super-Cycle, if you want to learn more about Iron Ore Trading. If this is indeed what we are starting to come into the price of Commodity Stocks will hold pretty good for a bit then they will start a drawn out ramp up for over a year.
All the best
Q Jacques11 wrote: Actual NML stock price has nothing to do with Iron Ore, if it would, it would be around 5 to 6 cents. If we are at 20 cents presently it is only due to the coming Transaction (re: Abaxx)...