My belief is ARV will sell one of its assets shortly. Money won’t be a problem. The obvious buyer is Novo for Purdy’s. ARV ended up getting $20M last time for 50% but are unlikely in current market to get the same amount for remaining 50%. I guess it depends on the value Novo places on controlling and owning 100% of the Purdy’s project. QH is a true believer of the conglomerate gold story and has put his reputation on the line. That is why I believe Novo, with a market cap of CAD$485M, will go all in for Purdy’s.
Money needed, page-3
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Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $24.91M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $9.228K | 709.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1086808 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 1117105 | 9 |
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| Last trade - 15.19pm 07/11/2024 (20 minute delay) ? |
| ARV (ASX) Chart |
