@ASXO@Bellavena85@Noobtrader1@GuardianAngel8@RedKing16
You all may be wondering wtf happened to NVA today.
Let me explain. Because whilst the demented herds are yahoo'in the headline, the value and quality of their resource upgrade has actually gone backwards.
Below are snapshots of their resource and the key cutoff grades & head grades they have modeled. They have tried to hide it through their resource increase headline, however, the smart money (funds & pros) saw right through it. The resource size at the higher quality grade ounces have alarmingly decreased and they stoped reporting the full table from what they presented earlier in August!
Based based on their tabled head grade of 0.59g/t in Aug 2020 of 1.83Moz, this now reduced down to 1.1 Moz in April 2021. What about the rest???This is important because it is imperative to their production output.
I thought it was strange that they made an announcement they were going to buy back shares, with funds they raised at a much lower SP. No doubt they knew how backwards the quality of the resource has headed and made a preemptive move to prop up the SP if needed. Also, Strange how between NVA & LCL they are both notorious for frequently placing the companies into Trading Halts for announcements that are not materially different to what was already known. LCL takes the piss with TH's for a single infill drill... ok.....
If you were going to value them, you'd be resource at grade if 0.40-0.50 g/t range and i'd say based on their current MC across multiple listings, is probably slightly over priced....
August 2020
October 2020
April 2021
- Forums
- ASX - By Stock
- FM3
- Ann: General Security Agreement
FM3
firstmac mortgage funding trust no. 4 series 1-2020
Ann: General Security Agreement, page-643
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