Well AUS and CAN can be so different in exploration company valuations.
but one thing is a fact:
Novo Res. added about 75-85 mm Can$ on this find today, the increase in marketcap wa about 80mm on close on almost 100mm on todays high, that under record volume in the TSX Venture.
Actually this video of the find made Novo rise about 10% the day prior to the announcement
So from here:
*Either ARV catches up, which would mean a impressive 200% gain or (i think after that volume unlikely) Novo goes down to were it was
OR
*if ARV does not catch up there is a couple of things ARV management could do about the HUGE valuation Gap
A) Sell the 50% interest for shares in NOVO and then distribute
B) List on the TSX.V as well
Best chance i have seen in quite a while...
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- 50% JV Partner Novo (TSX.V - NVO) added 3*+mc
50% JV Partner Novo (TSX.V - NVO) added 3*+mc
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $23.00M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.1¢ | $22.97K | 1.937M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 3018287 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 337018 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 2792833 | 0.011 |
12 | 3370992 | 0.010 |
5 | 2239999 | 0.009 |
5 | 2276375 | 0.008 |
3 | 347857 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 97018 | 1 |
0.013 | 1100293 | 3 |
0.014 | 2244371 | 5 |
0.015 | 544999 | 3 |
0.016 | 90447 | 2 |
Last trade - 16.10pm 20/09/2024 (20 minute delay) ? |
ARV (ASX) Chart |