Look at the share price. Even though Wombat has been posting numerous assurances or writing 10 posts per day in this forum, and wasting his time, it does NOT help to boost investors' confidence. This stock is not liquid, and it has no fundamental support. The share price did raise to 0.024 two days ago. Unfortunately, since there is no support, only tiny selling has brought down the share price from 0.024 to 0.022.
The purpose of buyback is to boost investors' confidence regarding NVA future prospects.
$400K is peanut for financing the exploration but if the buyback is used strategically, it will bring back investors' confidence.
Do not blame the market. The market sentiment is poor because of the spin off and up to now, there is no certainty regarding the prospect of this spin off......e.g., the IPO progress etc......and the pricing....etc.....This is the fact. Accept the reality, please.
Look at the share price. Even though Wombat has been posting...
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Last
20.5¢ |
Change
-0.015(6.82%) |
Mkt cap ! $44.08M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 19.5¢ | $8.718K | 42.01K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 39956 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 8317 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| NVA (ASX) Chart |