Comments from Nova Gold: https://www.investing.com/news/stock-market-news/earnings-call-novagold-highlights-donlin-gold-project-potential-amid-q3-losses-93CH-3191311
The company expects to provide a project update in the coming month, and believes the current economic conditions will be positive for gold, forecasting a sharp upward price movement.
Interesting hearing Rick Rule talk about "optionality" - basically picking up proven deposit for a fraction of the actual costs/investment to date, simply because the mineral is out of flavor or economic conditions. Nova is now well and truly in that boat, between all the cap raises and LITM sale, we've put what, $30m + $12m + $24m .... and this is just recently......
time will tell... just hopefully the share price can hang in and we can avoid further dilution till the FED declares peak rates.
Surely we can't be more than 6 months away..........
NVA Chart, page-1934
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Last
18.0¢ |
Change
0.030(20.0%) |
Mkt cap ! $43.84M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 19.0¢ | 16.5¢ | $90.81K | 517.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4036 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 48053 | 3 |
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| Last trade - 15.59pm 17/09/2024 (20 minute delay) ? |
| NVA (ASX) Chart |