I'm pretty happy, company will have $0 net debt in 6 months, Nova is starting to ramp up and generate good cash flow which is expected to increase next Q.
Panic selling is occurring because of unrealistic targets set at Nova to bring the mine development & cash flow forward, they've been behind a few months on what they wanted but still bought it forward from what the previous operators had planned.
Sales of $95M, expected to increase next Q, operating cashflow at $68M, 10year plus LOM, most of the resource is measured, exploration potential. I'm pretty happy with where things sit.
Ann: March 2018 Quarterly Activities Report, page-7
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Last
$5.68 |
Change
0.230(4.22%) |
Mkt cap ! $4.301B | |||
| Open | High | Low | Value | Volume |
| $5.64 | $5.76 | $5.53 | $28.11M | 4.968M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 307 | $5.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.68 | 67750 | 4 |
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