Unfortunately Novo had a news release overnight which confirmed they had basically abandoned all work on Purdys/Comet Well at least untill 2Q 2019. Their mineralisation report and hence bulk mining plans are not being worked on. They are concentrating on other projects.
A few of those who bought KAI and others for their conglomerate gold potential are probably abandoning the sector altogether, Novo has made such a mess of things, infighting, messed up results etc that confidence in this sector is down. We might see more of this for a while if Novos SP collapses further as most expect.
Its a storm to weather, just be patient, there are others stepping up to the conglomerate plate to lead the way, it just takes time.
Unfortunately Novo had a news release overnight which confirmed...
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Last
1.6¢ |
Change
0.001(6.67%) |
Mkt cap ! $34.20M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $7.746K | 513.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1201267 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 1512812 | 4 |
View Market Depth
| Last trade - 14.14pm 29/11/2024 (20 minute delay) ? |
| KAI (ASX) Chart |
