NVA 1.14% 21.8¢ nova minerals limited

not really dangerous, because gold small cap stocks are not...

  1. 2,385 Posts.
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    not really dangerous, because gold small cap stocks are not doing anything anyways. from memory, I think the initial run up in the NVA shareprice in 2020 wasnt even from any drilling or any material exploration results. So IMO in the right market conditions, when the market wants a gold story, NVA wouldnt have to do much at all to regain some momemtum.

    avg cash burn would be around $4mil/qtr when drilling moving forward. So the decision to maintain the same path and NVA would be looking at a CR early Q1 2024 which isnt too long away.

    then when you look at the gold price, into further rate hikes and sustained high interest rates, not convinced that is gojng to at all be bullish for gold stocks.

    if they dont pivot, at least pause & conserve cash. why do you want them to continual down the current path of cash burn? you yourself know that NVA isnt funded to get to FID.

    you seriously would he happy to run the risk of burning all cash and the SP hasnt moved or falls lower?
 
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Last
21.8¢
Change
-0.003(1.14%)
Mkt cap ! $46.77M
Open High Low Value Volume
22.0¢ 22.0¢ 21.5¢ $26.12K 121.1K

Buyers (Bids)

No. Vol. Price($)
2 65969 21.5¢
 

Sellers (Offers)

Price($) Vol. No.
22.0¢ 17198 1
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Last trade - 14.18pm 18/07/2024 (20 minute delay) ?
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