RE: Super rebuttal rns, extremely thorough, up we go tomorrow19 Dec 2019 18:57
Excellent!!
Not only did we get a firm rebuttal picking apart MW accusations, we got plenty of information written professionally, in detail and without sounding too defensive as seen with previous rebuttals by other listed companies in the past (which we know doesnt go down too great with the market!)
Lets not forget the accusations by Muddy Waters does not directly accuse NMC and its directors of fraud, using language such as "indications" of fraud and "possible" fraud.
Also
Muddy Waters is coming off a short attack loss in China in July, after it said sportswear company Anta boosted its margins “fraudulently”. The company saw a share price dip in Hong Kong in early July after the fund issued a report about it, but is now worth a third more than before the attack.
Given 11 of 12 brokers still have this as a buy or hold, theres every chance this could move past the 2500 it was prior to the attack, similar to what happened at Anta bearing in mind most brokers have this down around 4000.
Dont want to say i told you so but LOL at those desperately looking for cheaper entries earlier trying to make beer money on this (in the hope an rns wouldn’t arrive this week).....better luck next time.
Over 45m traded here today with more than 11,000 trades, theres going to be some fireworks tomorrow!! Expecting £20 with the push to continue into next week! GLA