I logged onto my ASX app on my phone and saw that NVI I shares were down 27%!
I have been a holder on RHM/NVI for over two years and I never thought I would see it drop this low. The only question now is do I increase my holding now or wait and see if it drops further?
The iron ore price is up 20% in the last 5 days to $105. Is NVI a chance of securing funding if the iron ore price levels around $120? Would the company be profitable?
I’m in for the long haul but days like today hurt.
NVI Price at posting:
75.0¢ Sentiment: LT Buy Disclosure: Held