The Northam share price was manipulated down on Thursday. Despite increased volume today, the closing price was still R21.80 despite all the other platinum mine shares going up. Someone is trying to accumulate these Northam shares at this artificially low price. Please DO NOT SELL your Northam shares now.
Bought some NHM the other day at about 2400, feel very happy about it. I think it was the tail end of the Implats news that a deal was no longer about to happen that caused the recent deflation. I do think selling was overdone. If the Share price goes down further I will just have to buy some more. Intend to hold long.
NHM price held up after the announcement of IMP that they want to buy the mine. IMP withdraw their offer of interest not so long ago. NHM is just playing catch up with the senior plat miners, and should follow the PLAT index again shortly.