Don't panic. There is little interest in this company atm. All the hype was based on LNC and its Arckaringa tenements. That has all died in the backside for the time being.
Go back to March and revisit some of the posts. In my simpleton opinion NVG's prospects are, and always have been, tied up with Armour Energy (AJQ) and its future. My theory is that the SA tenements were 'parked' with NVG whilst AJQ was being set up and floated.
AJQ have just entered a critical and expensive period of drilling and exploration which will / will not de-risk and prove up their northern assets. If they achieve the results that management clearly expect they will then be in a position to turn to their 'parked' NGV assets with the leverage to proceed with a development strategy.
The above is just my uninformed, inexpert opinion, but I am holding on to my investment until I am proved wrong.
DHR Price at posting:
1.7¢ Sentiment: Hold Disclosure: Held
