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Last post today I swear. You guys got me interested in Novo. That video was quite impresive.
Any of you more experienced mining investors have a feel on the valuation now? I suppose everyone’s hoping today’s video demonstration applies to the rest of the Karratha land?
Edit: I was wondering if they’d do an offering based on financials, but I see they just did one this quarter, and so it hasn’t been reported in financials yet.
Time out. Cash is the absolute last issue Quinton has to deal with. Can’t quote you a number right now but they just did a financing. This thing is not trading one their cash position its trading on pure greed. That’s not a bad thing though.
Thanks, I see they raised $56m on September 6th. Explains why I didn’t see it in the financials. Definitely makes it more interesting for me.
From what I understand, based purely on what is proven up at Purdies Reward so far, the stock is over valued. It is beginning to trade on the potential of a Witwatersrand 2 point oh. If it really is a 2 point oh scenario the stock could trade much higher – $100 or more.
Buy, sell or hold. That is the question.
Me, I am holding.
Thanks.
Thanks guys. Appreciate the details