NVA 6.45% 16.5¢ nova minerals limited

Ann: Continuous Gold Mineralisation from Surface at Korbel, page-61

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,288 Posts.
    lightbulb Created with Sketch. 1073
    LOL, talking about negativity bias here. During the Great Depression gold mines actually did very well.

    Your mining shares are a call option on the price of gold. So if you believe that gold will go up then you should be invested in gold shares. Obviously you want to hold companies that have a solid outlook to be producers or are producers already (or will be soon).

    NVA is 25% on that road with the current ongoing newsflow. I would invest the cash and convert. And if you are very nervous just put a stop loss at 3.2 c plus whatever you paid for your oppies. That way you are more protected if that makes you feel better.

    6c is crazy cheap for the potential that this stock has. Even if this would go to a 250 mln company, you get multiples (your PM's won't get you that). But NVA have a real shot at becoming a billion dollar outfit (or more, see @marcogroot post).

    dyor
 
watchlist Created with Sketch. Add NVA (ASX) to my watchlist
(20min delay)
Last
16.5¢
Change
0.010(6.45%)
Mkt cap ! $44.86M
Open High Low Value Volume
16.0¢ 16.5¢ 15.8¢ $79.18K 492.9K

Buyers (Bids)

No. Vol. Price($)
1 34183 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 18380 2
View Market Depth
Last trade - 16.10pm 07/10/2024 (20 minute delay) ?
NVA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.