IMO, the buyback smells. Surely, the money could be better spent on additional drill rigs, to speed up the process of defining the resource. Look at the likes of Challenger (CEL). Not a dissimilar market cap, and have raised a chunk of cash to add 8 additional rigs for a 150,000m drill campaign over the next 10-12 months. And what, Nova only has 3? The way management will add value here is to drill, drill, drill.......
Ann: Cleansing Statement, page-54
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Last
19.5¢ |
Change
-0.025(11.4%) |
Mkt cap ! $41.93M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 19.5¢ | $4.737K | 22.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 39956 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 27044 | 2 |
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| Last trade - 13.09pm 12/07/2024 (20 minute delay) ? |
| NVA (ASX) Chart |