There will be a sell down today, and that is illogical.
Firstly, if the sell down matches Novo (ie somewhere between 15-25%) then the ill-informed are trying to peg ARV’s SP with a company that is around 10 times the size, and who’s SP was bid up on a much more hyped story.
Secondly, 15.7g/t is very respectable. Very. Much larger companies have been wildly successful on grades that were far worse.
Wait for the pull back, then consider buying more. The fundamentals will carry ARV forward, with more positive results to confirm the unfolding story in Q1 2018.
Novo ann just released, page-78
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $21.08M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $22.30K | 2.027M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 238969 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1962729 | 6 |
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| Last trade - 12.01pm 04/10/2024 (20 minute delay) ? |
| ARV (ASX) Chart |