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.......
IMO, the buyback smells. Surely, the money could be better spent...
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $34.09M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 15.0¢ | 13.5¢ | $27.42K | 193.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 56005 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 10000 | 1 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| NVA (ASX) Chart |