Hey @wombat777. Would love to pick your brain on this. You know I have been holding for a while but this announcement bugs me.
I am still curious why the explicit call from Avi to option holders to convert soon. I have not heard this happen in other healthy stocks. It has generated unnecessary doubt in the market (the 85% announcement did not annul that feeling).So it must be either that money is running out faster than they had planned; AND/OR drilling results will not be coming in quick enough to ensure a SP; rise (and hence a full options conversion) AND/OR nva have gotten information from first drills that is not positive, so no SP rise is expected in the coming weeks.
The last option is not likely as not much time has passed, but still...
Just curious and I am probably missing important information?
Ann: Nova Moves to 85% Ownership of the Estelle Gold Camp JV, page-35
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Last
18.0¢ |
Change
0.030(20.0%) |
Mkt cap ! $43.84M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 19.0¢ | 16.5¢ | $90.81K | 517.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4036 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 48053 | 3 |
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| Last trade - 15.59pm 17/09/2024 (20 minute delay) ? |
| NVA (ASX) Chart |