Heavy Rare Earths small cap minerWeekly chart
Great volumes
Positive RSI trend line
Positive price trend line
Break from the downtrend RSI
Ascending triangle pattern forming in time for their results
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Trade ideas
$NTU.AX it is getting very tight . looking good $NTU #ASX
$NTU.AX it is getting very tight . looking good
Northern Minerals Limited (NTU) is as an exploration company with the core focus on the construction and operation of a pilot scale project aimed at assessing the technical and economic feasibility of a fullscale commercial operation at its Browns Range Pilot Plant Project.
FV 0.059c
$NTU setting up for the breakPivot point reached, will coil on one more dip then break on volume. That will be a decent entry level to get on board.
NTU ComebackLooks like it may be getting to the pointy end of the downtrend. A solid green candle above 0.044 could be the start of a ride back north
Anyone for rare earths ? An Australian based rare earth mineral exploration company with projects in WA &NT. The daily shows the break above the $0.027 zone & the retest. It showed a strong bullish move today.
(NTU) Care & maintenance is looking strong during Covid -19Northern Minerals (NTU) has entered a subscription agreement with sophisticated investors to raise $22 million
The placement will be completed in four phases, however, phases two, three and four will be subject to shareholder approval
Phase one will see approximately 450 million shares be issued at a price of $0.02
Money raised will fund the continued development of Northern Minerals' projects, business operations, and general working capital
The company will also be offering a share purchase plan to raise an additional $5 million
Eligible shareholders will be able to purchase up to $30,000 worth of shares
Northern Minerals has dropped 12.5 per cent and shares are currently trading for 2.1 cents each
Northern Minerals (NTU) has entered a subscription agreement with sophisticated investors to raise $22 million.
The $22 million placement will be completed in four phases, however, phases two, three and four will be subject to shareholder approval.
Phase one will see 450 million shares be issued at a price of $0.02 to raise $9 million and this phase is expected to be completed on April 24.
Phases two, three, and four will see a total of 650 million shares be issued at a price of $0.02 per share. This will raise $4.2 million, $3.4 million, and $5.4 million respectively.
The money raised will be used to fund the continued development of Northern Minerals' projects, business operations, and general working capital.
Northern Minerals will also be offering a share purchase plan to raise an additional $5 million, before costs.
Eligible Australian and New Zealand shareholders will be able to purchase up to $30,000 worth of shares.
Shares will also be priced at $0.02 per share, which represents a 17.4 per cent discount to the five-day volume weighted average price.
Money raised from the share purchase plan will be used for the continued development of Northern Minerals' projects, business operations, care and maintenance of the Browns Range Pilot Plant, and general working capital.
"We are committed to a long and prosperous future at Browns Range and despite the recent decision to temporarily place the Browns Range Pilot Plant Project into care and maintenance due to impacts of COVID-19, the whole Northern Minerals team is focused on adding value for shareholders," Managing Director and CEO George Bauk commented.
"These funds allow us to maintain care and maintenance, strengthen the balance sheet, complete the important ore sorter installation works and sets us up in a strong position to restart research and development testwork and production," he said.
Northern Minerals has dropped 12.5 per cent and shares are trading for 2.1 cents each at 1:47 pm AEST.
$GGG $ARU $LYC $NTU - Rare Earth MinersWith the recent weeks news that China might retaliate against the US's threat of trade sanctions by restricting exports of rare earth metals these stocks might be worth a watch.
ASX $NTU - Rare Earth Metals.Pretty weak day on the ASX today but NTU was showing some signs of strength.
I like the idea that its one of the few games in town in this space. If US and China trade sanctions kick in further then NTU might become a good alternative for those not wishing to deal with China.
I like that they are now a producer with exports as opposed to simply wandering the desert poking holes in the ground.
From Stockhead:
Earlier this week Northern Minerals announced it had produced the very first export quality rare earth product from the Browns Range project in the East Kimberley region of Western Australia.
The company is the only ASX-listed heavy rare earths producer outside of China.
Rare earths — sometimes known as “magnet metals” — include minerals such as dysprosium, neodymium and praseodymium. They are lesser known compared to battery metals such as lithium and cobalt — but are attracting increased attention because of their use in electric car motors.
Northern Minerals - Challenging .08c againPrice is challenging support at .08c again. If it breaks below, the next support level is .058 -.6c. The upside is capped by the 50 day MA and the 200 day MA. I do not forsee any upturn. In fact descending triangles are normally break in the direction of the trend but then this is not a buy or sell recommendation nor should be construed as invetment advice.
