Management has basically tripled the SP in 9 months, luck or good management? The fall in SP has coincided with a fall in the POG. Gold price has started to rise again over the last few weeks. If you look at the SP of NVA compared to the POG NVA has had about a 1-2 month lag to price movement compared to gold. Based on that NVA SP may well start to rebound shortly, add the release of the scoping study in July to the mix and the bounce may well be significant.
Having said the above I appreciate that you have given a reason for your exit from holding as many do not and I hope you got out without a loss
Ann: Proposed issue of Securities - NVA, page-55
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Last
15.0¢ |
Change
-0.010(6.25%) |
Mkt cap ! $37.75M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.0¢ | $40.94K | 266.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 41621 | 2 |
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| Last trade - 10.55am 20/08/2024 (20 minute delay) ? |
| NVA (ASX) Chart |