Nordic Mining is aproaching financing for its mineral project, builing a mine that will deliver rutile (titanium and pigment feedstock) and garnet (for sanding and cutting applications).
The stock has exhibited bullish behaviour as the volume sky-rocketed end of january without news, and recently had a big selloff on an announced stock-issue at NOK 2,50, and have two gaps I believe are exhaustion-gaps when regarding stock-behaviour the latest months. The stock has a strong support at apx. 2,4-2,5, and analyst target at 5,7.
Project financing are scheduled for Q3, and an updated DFS primo Q2 (just after easter).
The stock has exhibited bullish behaviour as the volume sky-rocketed end of january without news, and recently had a big selloff on an announced stock-issue at NOK 2,50, and have two gaps I believe are exhaustion-gaps when regarding stock-behaviour the latest months. The stock has a strong support at apx. 2,4-2,5, and analyst target at 5,7.
Project financing are scheduled for Q3, and an updated DFS primo Q2 (just after easter).
Comment:
The stock-issue secures bridge-financing until project financing is in place. The issue were anounced after close the 24th of february.