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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- With Novo`s FD marketcap at 750 million
any logical thinking would imply a high likelyhood of a takeover...
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.25M |
Open | High | Low | Value | Volume |
1.0¢ | 1.1¢ | 0.9¢ | $6.766K | 710.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1543827 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 899500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1543827 | 0.009 |
10 | 2765120 | 0.008 |
2 | 230000 | 0.007 |
1 | 250000 | 0.006 |
2 | 400000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 899500 | 2 |
0.011 | 2513467 | 11 |
0.012 | 1774058 | 5 |
0.013 | 1115562 | 5 |
0.014 | 1326916 | 2 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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ARV (ASX) Chart |