NVA 3.70% 13.0¢ nova minerals limited

it’s comforting from a contrarian perspective to see the super...

  1. 3,284 Posts.
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    it’s comforting from a contrarian perspective to see the super bearishness of critical posters like @kduvey and others of lesser degrees.
    Most of their conclusions are drawn from accusations without much base, but rather speculations. Nothing wrong with speculating a bit (we all do) but most of the text written here by sounds like rage quits.

    There were good reasons to step away from heap leaching (costs and environmental concerns are just a few) and postponing the SS. You can of course doubt whether management have been transparent in the real reasons for the delay in the SS, but just claiming it HAS to be because of the low viability of the project is based on nothing but guessing. Nothing wrong with guessing of course and I do hope I am wrong, but anybody can see that current value of the resource at 7.5$ /Oz is ridiculous. We all know that present value of this operation is multiples of that.

    Anyway, each to their own and I won’t blame anyone for buying or selling their shares. But to sell at rock bottom prices that we last had 3 years ago with a resource 1/4 the size doesn’t sound like a wise decision.

    good luck to all holders
 
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