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...
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Last
1.3¢ |
Change
0.002(18.2%) |
Mkt cap ! $22.93M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.2¢ | $16.22K | 1.270M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1169934 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 607520 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1169934 | 0.012 |
13 | 4235317 | 0.011 |
7 | 4620181 | 0.010 |
2 | 90000 | 0.009 |
1 | 120000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 607520 | 3 |
0.014 | 1477928 | 7 |
0.015 | 1260611 | 7 |
0.016 | 1261132 | 4 |
0.017 | 535248 | 2 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
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