I own a few Novo share from those days when it traded around 70 cents a share. From what I recall Newmont gained the initial stake before 2017 from 2 private shareholders. About mid year in 2017, I believe they had a pre-arranged deal to sell a big portion at the set price of 1.60. Soon after, they looked dumb because NOVO rocketed up past 5 dollars but they were already committed.
As I recall, there was no explanation on why they wanted out of the play/shares. At the time it looked like a great pre sale price at 1.60 because I don't think the stock was anywhere near 1.60 when they struck the share sale. I think they got played and are back for round 2.
No holds barred this time, I figure. Pretty sure I have the general story right here but not positive with dates etc.
Ann: Conglomerate Gold Update - Widespread visible gold & nuggets, page-204
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Last
$1.34 |
Change
-0.030(2.19%) |
Mkt cap ! $3.211B | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.39 | $1.34 | $8.675M | 6.440M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 83628 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 63620 | 4 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| DEG (ASX) Chart |