Yes, it is painful. Did the management obtain prior shareholders' approval prior to spin off?
Yes, it may be painful in the future. If new investors want to invest in NVA, the gold project, what is the guarantee that the management will not unilaterally spin off the gold project again in the future? What would be left in NVA in the future? A shelf company without any assets, and only as a holding company of those subsidiary companies?
Ann: Investor Presentation - Nova Positioned for Growth, page-23
-
- There are more pages in this discussion • 167 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NVA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
21.5¢ |
Change
0.010(4.88%) |
Mkt cap ! $38.96M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.0¢ | 21.0¢ | $46.44K | 217.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 24951 | 4 |
View Market Depth
| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| NVA (ASX) Chart |
