Listing on Monday with decent amount of cash and investments, a JV with DEG and premium tenements for gold and lithium.
By sheer luck, Novo has stumbled upon the hottest lithium ground in Australia, which might be worth much more than the current market cap. Unfortunately looking at the presentation they're looking to divest Karratha and focus on gold. Gold is not bad with DEG investing in at a premium just 3 months ago, but I don't seem to understand their long-term plan. Who do you think they would be selling Karratha to?
Novo Resources
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.13M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 8.8¢ | $41.87K | 447.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8244 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 267941 | 2 |
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| Last trade - 13.50pm 04/10/2024 (20 minute delay) ? |
| NVO (ASX) Chart |