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Abbas39
Jul 3, 2020 5:29 AM

$NVA $NVA.ASX Consolidation is getting tight - Gold Long

NOVA MINERALS LIMITEDASX

Description

NVA NVA.ASX

Consolidation is getting tight - gold stock

Business Summary On June 2020

Nova Minerals Limited (NVA, formerly Quantum Resources Limited) is an Australiancompany with interests in a portfolio of mineral projects at exploration stage withfocus on North America (Manitoba, Canada and Alaska, USA) and one joint ventureproject located in Australia that are prospective for lithium, gold, nickel, cobalt andother precious metals, base metals and REE's

Substantial Shareholders No Substantial Shareholders

Valuation Rating Undervalued
Fair Value Estimate 0.094
Fair Value Percentage Diff 47.03%

Directors
Mr Louie Simens (Executive Director)
Mr Avrohom (Avi) Geller (Non-Executive Director)
Mr Christopher (Chris) Gerteisen (Chief Executive Officer,ExecutiveDirector)
Mr David Hersham (Non-Executive Chairman,Non-Executive Director)

Management
Mr Adrien Michele Wing (Company Secretary)
Mr Ian C Pamensky (Company Secretary)
Mr Romy Hersham (Co-Company Secretary)

Trade active

starting to breack out from triangle nowLets see if we are able to breack and hit that 0.065c as a first target.

Trade closed manually

Comments
chrismojay
Avi is no longer a director after chargers for indsider trading were laid by ASIC. Still imo, solid spec gold play with upside potential, i don't think it will be a run away train with say 100%+ gain in a day, re: rxl or pdi. This will be a steady climber over time, but confirmation is required when the triangle plays out.

My only concern is that volume on days where the candle ends low off a high top, ie. 2, 9, 15, 24 of june have higher sell down volumes than the volumes for green candles. Weekly chart looks smick.
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