General Chat, page-6122

Good morning good people. You don't need to read my rant. I only post it to get it off my bottom.

Analyzing the overnight action. I will give you the optimistic view and the pessimistic view to save you time.

1. Optimistic. USGO closed on $16 after less than a month from IPO. Up 60% from IPO. Has a market valuation of around $200m which values Estelle at $350m not the current $20m according to me.
Pessimistic. Its the IPO hype just like it was for LITM and the price will go down to $3 by August to match Estelle's value.

2. Optimistic. NVAAF closed at 55c on volume similar to yesterday of 210,344. That has to be good for NVA.
Pessimistic. The closing price was fake as it was one trade for 100 units and before that it was only 30c The OTC market is no guide for the ASX.

3.Optimistic. NVA will go up at least 10c today to start catching up.
Pessimistic. Historically it shows that regardless of what happened overseas, NVA will finish in the red by the usual half a cent.

Hah that's better. It's like going to the toilet.