Few takeaway points from all this:
-- The buyers/sellers ratio this morning before the announcement was 2:1 or about 13 million buyers to 6-7 million sellers.
-- there was a thin spread of sellers up until 25 cents -- this indicates only light resistance for the next run.
-- the spread of orders indicates that we were in the middle of a run to 25+ cents.
-- like many posters say, this is probably a good time to do a CR as assay results are immanent, which will insulate the SP.
-- once could speculate that the CR and assays will either be coincident, or subsequent.
-- it is very good that the AFR is publishing stories on NVA. It seems that the AFR article was posted not before the ASX news, but at approximate the same time.
-- Evolution Capital's report follows up their previous reports which were pretty spot on for MC and SP.
-- Their price target of .40 cents is both conservative and feasible.
-- NVA needs funds to continue its 'aggressive' drilling campaign -- this is likely what all holders want.
-- The retail market hopefully supports this (judging from the mostly positive comments here).
-- CR by sophs and institutional is always subject to the possibility of quick profits.
-- at the least they wont drop the lot at sub 17 cents, which is still way above what many of us forked out.
-- As the sell orders had thinned out (again), it seems that the market will easily support dilution of the stock. 150million volume can easily be swallowed up in a good week.
I think that the best indications for the appetite for NVA have come and will come from the market so wait and see what happens.
*this is not financial advice always best to operate on your own information and research.
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $36.53M |
Open | High | Low | Value | Volume |
15.5¢ | 16.0¢ | 15.0¢ | $33.65K | 219.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11524 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 105200 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11524 | 0.150 |
2 | 108000 | 0.145 |
3 | 232000 | 0.140 |
1 | 7000 | 0.135 |
6 | 125468 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 105200 | 2 |
0.175 | 10000 | 1 |
0.180 | 36701 | 3 |
0.185 | 10555 | 2 |
0.195 | 4995 | 1 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
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NVA (ASX) Chart |