We are already over 20% below the high of 4.80 which was set in January and the 5,C completion finished with a solid negative sentiment which even negated a quite positive news item the 17th of Feb.
As the 5th wave had a textbook finish with the C leg drawing down back to the fourth wave bottom we can consider the sellers now have emptied their pockets for this...
NOM is close to starting the Engebø Rutile/Titanium mining operation and are only awaiting final checkoff from the authorities.
Price target 2021: 6-8 NOK
Price target 2022 (Q1-Q2): 12,5 NOK
Marketcap of approx 600 MNOK makes this a very attractive smallcap with great R/R.
