any logical thinking would imply a high likelyhood of a takeover and spin-co.
Let ARV management keep their jobs and mess around with cobalt and others.
Fine they can keep their jobs and salaries, give shareholders a fair value in Novo shares and everyone is happy.
Some part of Novos performance might be short-squeeze, but weekly trading is quite untypical for a simple short squeeze.
However ARV at only about 10-15% of Novos marketcap is beyond insanity, the radio hill plant is also worth something and they hold other intereting tenements in the area.
We are not talking small money anymore 750mmCan$ is more than many producing mines are trading at.
So this is a marketcap were some activist investor should take a look. As well as the Volume on Novo is not small...
With Novo`s FD marketcap at 750 million
Add ARV (ASX) to my watchlist
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.17M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $8.028K | 688.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 5949922 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 982328 | 1 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| ARV (ASX) Chart |