NMT 4.00% 13.0¢ neometals ltd

Cancellation of performance rights

  1. 114 Posts.
    lightbulb Created with Sketch. 12
    So NMT had been trading at 47c on tue and now 42.5 at cob on thu. Thats almost 10% drop in 2 days. Has this got anything to do with the latest anouncment.

    Cancellation of Performance Rights
    Following re‐ testing at 31 December 2017 under the Company’s Performance Rights Plan the Company has today cancelled 560,719 Performance Rights.

    Possible reasons for the drop.

    1. Disgruntled employees selling share in a thin market.
    2. Trader, and shorters coming back to work after a well deserved break
    3. A bit of healthy profit taking after a decent uptick in SP.
    4. The company has a issue that we don’t know about
    5. The whole sector has been sold off.

    It’s my theory that the whole sector has Been sold, indiscriminately. Prob tipped a set value of return. We have been caught in that. Oh well big deal we have a great company that is Keeping it’s employees honest and will start to produce real money for a relative small MC to me it’s a pretty safe place to park my money. Good luck to you all and happy 2018.
 
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