Australia's largest stock trading and investment forum Australia's #1 stock forum

NVA

Click for more information

7.89%

20.5¢ nova minerals limited

I think number 3 is the likeliest reason. It was my initial...

First 16 Last

Share
Profile

Follow
csharmo

1,711 Posts.

386

01/09/20

10:50

Post #: 46981229
Share

Originally posted by TIAA2020: ↑

IMO if I was to guess, I would say RPM has been dropped from the plan due to:

1. COVID-19 has not just caused a delay at the assay lab but has also delayed the drill programme (which has not adequately been spelt out to shareholders IMO)

2. As a result of these delays, the cost and time to move a drill rig all the way from the north of the claim (Korbel) to the south of the claim (RPM) would not be a efficient use of time and money - particularly as it would delay the completion of drilling at Korbel using only one drill rig

3. The unexpected discovery of a highly prospective extension of Block B to the southeast - PAD 6 - means that a greater Korbel Block A & B resource may be able to be declared (than was originally planned for) at the end of the year, which IMO would be better for shareholders than some nice prospective figures from RPM from a limited drilling window. IMO RPM deserves a proper drilling campaign (which it wouldn't get from this delayed campaign) - though I am extremely eager to gain some knowledge of what is at RPM!

Expand

I think number 3 is the likeliest reason. It was my initial thought when I seen RPM off the list of upcoming drilling

NVA Price at posting: 5.7¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

RAD

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

SGP

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

PAM

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

First 16 Last

Add NVA (ASX) to my watchlist

(20min delay)
Last 20.5¢		Change 0.015(7.89%)		Mkt cap ! $55.99M

Open	High	Low	Value	Volume
19.5¢	20.5¢	19.5¢	$17.48K	87.18K

Buyers (Bids)

No.	Vol.	Price($)
2	99903	20.0¢

Sellers (Offers)

Price($)	Vol.	No.
20.5¢	4738	1

View Market Depth

No.	Vol.	Price($)
2	99903	0.200
3	16839	0.195
7	97097	0.190
2	15405	0.185
1	5000	0.180

Price($)	Vol.	No.
0.220	22666	2
0.225	38649	3
0.230	109646	5
0.235	20384	1
0.245	30000	1

Last trade - 16.10pm 19/11/2024 (20 minute delay)

NVA (ASX) Chart