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.
I own a few Novo share from those days when it traded around 70...
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Last
$1.18 |
Change
0.010(0.86%) |
Mkt cap ! $2.840B | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.19 | $1.16 | $1.288M | 1.096M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 103727 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 56042 | 14 |
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| Last trade - 11.39am 09/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |