NES Trade Data 3 months
in the past 3 months we have traded 9,839,721 shares from the high of 3.19
the trade volume between 3 and 2.50 was 3,339,417
the trade volume between 2.50 and 2 was 3,807,650
and the sub 2 trades are only 1,006,048
looking at this data i feel we are not long to be under 2..the volumes are drying up the fear of gold cratering is nonsense. after all gold is only 300 or so off its highs.. thats a 15% correction.. i dont see the reason to panic..
anyone buying under 2 has been given a gift and IMHO all the volume under 2.50 (and probably most of the sub 3) has gone to stronger hands..
it has been tough to watch but i would say our average over the last year is about 2.90 to be trading at 1.75 to 1.80 is about a 37% haircut.. much better than the majority of the gold stocks i follow weather it be producers mid tier or juniors..
i have said it many times the leadership at NES is second to none.. to be going into the summer fully loaded and firing on all cylenders while many others are on fumes trying to keep the lights on is a testament to the skill and experience of those at the helm!
in real estate it is location, location,location..
in investments it is management, management,… project..lol
warmest regards
caliche
