JV's are a real mixed bag, no exception here. Many times I've seen a SP drop significantly when the terms of a deal don't meet expectations.
The JV is good on one hand because it shows a well funded path to production and revenue, its a start.
But the terms of the JV itself don't inspire joy. No IP royalties for a 40% ownership in 30kt/year.
I was honestly surprised the SP went up so much on that announcement, I thought people would be more upset about the 40%.
Last time I saw a JV with less than 50% ownership the SP fell 50% the following week, so I reckon NVX pulled through alright!
In different market conditions this would have gone very differently, but the reality changed.
For an immediate example look no further than TLG today. Exceeding expectations on one of THE key milestones, and the SP is up a meager 4%. The market doesn't care about feel good stories anymore, right now the only thing that matters is low risk and profit.
- Forums
- ASX - By Stock
- NVX
- Media Watch - NVX related
Media Watch - NVX related, page-9276
-
- There are more pages in this discussion • 5,413 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NVX (ASX) to my watchlist
|
|||||
Last
54.0¢ |
Change
-0.005(0.92%) |
Mkt cap ! $266.5M |
Open | High | Low | Value | Volume |
53.5¢ | 55.5¢ | 53.5¢ | $503.0K | 932.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11847 | 54.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
55.0¢ | 4920 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11847 | 0.540 |
3 | 12599 | 0.535 |
19 | 316322 | 0.530 |
10 | 56640 | 0.525 |
7 | 41889 | 0.520 |
Price($) | Vol. | No. |
---|---|---|
0.550 | 4920 | 2 |
0.555 | 1500 | 1 |
0.560 | 20610 | 2 |
0.565 | 10000 | 1 |
0.570 | 15283 | 2 |
Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
Featured News
NVX (ASX) Chart |