NVA 1.64% 15.5¢ nova minerals limited

General Chat, page-6012

  1. 3,284 Posts.
    lightbulb Created with Sketch. 1070
    Meanwhile LITM SP US$ 3 (value AUD 29,402,570). Now valued at 40% of NVA total value.

    NVA Cash AUD 22M; ASR AUD 1.2M; LITM AUD 29.4 M = AUD 52.6M

    Estelle valued at AUD 21M, or around AUD 2.5 / oz

    USGO valued at AUD 241M

    Surely USGO is not worth more than 10 times Estelle?

    Two differences NVA with USGO:

    1. ASX listed
    2. Stumbling CEO

    Management have talked up listing in US for years. Even attracted a Chair especially for that purpose. Someone with experience in US markets.

    I have demanded the removal of this CEO and a clean up of management. Not that anyone would listen of course, but your neighbour being valued 10(!) times your value is a failure of a CEO. He is responsible for SP appreciation. But has done the opposite.

    Sad but true.




 
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