NVA 2.50% 19.5¢ nova minerals limited

Just one question

  1. 1,463 Posts.
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    If Nova is going to explode to 40c why is there a large institutional seller unloading at 18c? You don't have to be a rocket scientist to see whoever the seller is, they have a very large position and are parked at 18c. They know there is enough interest not to spoke the endless droves of buyers, so they can happily keep unloading until their position is exhausted. I'm not bagging the stock, I'm just wondering if anyone can offer a solid reason why the seller seems happy to sell at (what appears) to be a sizable discount?
 
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Last
19.5¢
Change
-0.005(2.50%)
Mkt cap ! $41.53M
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20.0¢ 20.3¢ 19.0¢ $23.14K 117.5K

Buyers (Bids)

No. Vol. Price($)
6 99613 19.0¢
 

Sellers (Offers)

Price($) Vol. No.
20.0¢ 18135 1
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Last trade - 15.34pm 05/06/2024 (20 minute delay) ?
Last
19.0¢
  Change
-0.005 ( 7.32 %)
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20.5¢ 20.5¢ 19.0¢ 23288
Last updated 15.26pm 05/06/2024 ?
NVA (ASX) Chart
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