Discussion welcome! However it is quite clear that NVAs resource and potential is not priced in the current SP as you know very well. Markets can undervalue a stock for many months (as we saw when we were at 3 cents for ages) even if rationally it should be higher. Lack of momentum, liquidity and bots are good explanations for why we are stalled at this low level. Not so much the lack of M&I or the gold price. Many other projects have crazy valuations on inferred status and when gold was much lower.NVA will rerate but (as explained many times before) need a high grade or extraordinary announcement for Australian market to want to buy it.
Ann: Nova 4.7Moz Resource Upgrade Presentation, page-63
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Last
19.5¢ |
Change
0.005(2.63%) |
Mkt cap ! $53.02M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 20.0¢ | 18.5¢ | $163.1K | 845.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60000 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 25640 | 1 |
View Market Depth
| Last trade - 15.58pm 18/10/2024 (20 minute delay) ? |
| NVA (ASX) Chart |