NOV
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1.96% 5.0¢ novatti group limited

Just doing some simple numbers - please correct me if I'm...

  1. sir_jaycee
    331 Posts.
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    31/07/23
    12:10
    Post #: 69077401
    Just doing some simple numbers - please correct me if I'm deluded

    18 Mill in the bank
    3 million per qtr loss - includes IBOA running costs and not accounting for RKN dividends or Growth
    Based on the above we have enough money to cover the loses until the end of 2024.

    IBOA has until the end of 2024 get a full banking license , which means that if successful there will be a massive injection of money due to the forced dilution of IBOA.
    With the dilution of the ownership of IBOA the running cost will significantly decrease.

    NOV Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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