If this is a Crash then it's hardly a high speed one. Some of...

If this is a Crash then it's hardly a high speed one. Some of you would have been around in October 1987 when the ASX crashed 25% in one day and 41% by the end of October

Now that was a CRASH

I look at it this way. There is a general pullback in virtually everything at the moment due to inflation, Ukraine, oil prices, China covid lockdown, continuing supply chain issues, interest rate rises. This might go on for some time to come as Markets reassess companies in our case on the ASX.

Companies with little or no revenue and little cash in the bank are going to struggle to survive the contraction in the availability of cash which previously was not a problem.

The blue chips in the ASX 100 will all survive and so will companies well outside the ASX100 which have plenty of cash for the foreseeable future and terrific growth prospects.

Even in a Bear market there is still an appetite for risk. In the current pullback there is a lot of re-assessing going on as to where and when it is safe to return to riskier growth stocks.

What will happen is that the market will slowly move back into the safer of the riskier stocks.

NVX with plenty of cash and a massive future market is definitely amongst the safer of the riskier stocks. Gone are the days of share prices rising without announcements due to quantitative easing.

For NVX with plenty of cash and a well laid out plan for the future to supply a massive market the growth in the SP will come with new announcements.

Just hold on

The future will be very good to you