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3.57%

13.5¢ nova minerals limited

i sold few because I might participate in snowlake IPO. And I...

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teddy_afro

2,094 Posts.

272

12/05/21

08:21

Post #: 53110190
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Originally posted by Corella1: ↑

Massive stimulis packages globally, increased demand in gold for tech, limited supply, long lead time for new mines to go into production. Gold price should run for a couple years. A trajectory like 2009 - 2011 would be nice (effect of fiscal and monetary policy after gfc).

i don't understand how NVA isn't in the mid 20c range. With 4.7m oz on hand and $20m in the bank.

the "infill" drilling is a given considering the consistent results.

happy to sit tight and keep adding.

happy with the buy back. When we're talking $250m + capex , $5m is really nothing. Less than $10m is needed to prove up Estelle and take us to pfs, so no point leaving excess cash in the bank.

from here in, i'm bullish about the gold price, confident about what's in the ground and comfortable with management.

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i sold few because I might participate in snowlake IPO. And I diversified with nwm in asx, no cross promoting and don't suggest anyone so don't buy!
now just need Chris to bring with resources upgrade, no more inferred, higher confidence. Great outlook.

Disclosure: DON'T do what I do! Go eat ice cream

NVA Price at posting: 14.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 13.5¢		Change -0.005(3.57%)		Mkt cap ! $36.71M

Open	High	Low	Value	Volume
13.5¢	14.0¢	13.0¢	$278.7K	2.070M

Buyers (Bids)

No.	Vol.	Price($)
17	975302	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
14.0¢	121000	2

View Market Depth

No.	Vol.	Price($)
16	895302	0.130
9	331276	0.125
7	315374	0.120
5	103869	0.115
1	10000	0.110

Price($)	Vol.	No.
0.140	121000	2
0.145	60000	1
0.150	50000	1
0.155	47500	2
0.165	5392	1

Last trade - 16.10pm 26/09/2024 (20 minute delay)

NVA (ASX) Chart