Nova Res. Share Discussion Threads

[melodrama] 17/1/2014 16:24

Am I the only one holding? Bought some after the 200k trade this a.m. No one is ramping on traders thread, so must be something "proper in the pipeline"

[miguelh21] 11/11/2013 10:24

Good news?

[pre] 11/11/2013 09:07

rns out...new funding obtained at 1p....

[gripton] 28/8/2013 13:57

exellance - I apologise. I misread, and you are correct. The company has borrowed 400k. This is still no excuse for the company rising up to 2.25 mill in value. You will see this has dropped back now, and continues to do so.

This morning the value of the company went from 750k to 2.25 mill. Now back at 1.5 mill. some people have bought at the top, and not IIs I suspect.

It may be a "pump and dump". I was merely pointing out the danger here that people can get locked in, and lose all their money while the directors etc get their money out at a handsome profit.

[king suarez] 28/8/2013 12:56

Have none of you read the last annual accounts and the MASSIVE discrepancy between forecast PROFIT on the coal contract and the ACTUAL MASSIVE LOSS made instead?

And the complete lack of acknowledgement of this by the board and lack of any explanation given?

Why is this 'undervalued'?

It appears to be run by dishonest people and shouldn't warrant any premium over the cash at bank + resale value of trucks less outstanding liabilities imo.

It is OVERVALUED imo.

[proothi12] 28/8/2013 12:32

nova should be much more up than this. The new shareholder must be confident of great news coming. strating buying at these prices.

[excellance] 28/8/2013 12:30

i think you will find that the total loan is a lot more than 40k...

[gripton] 28/8/2013 12:28

The news is that the company has borrowed 40k pounds and the capital value goes up by more than 1 million pounds - I smell a rat here so be careful. I don't hold any but was interested in the rise.

[siddle] 28/8/2013 11:52

Free money at this level .Carry on buying..

[excellance] 28/8/2013 11:49

and getting cheaper all of a sudden...

[siddle] 28/8/2013 11:41

Certainly too cheap at that market cap. This will move much higher once everyone realises.2.15p are Buys..

[excellance] 28/8/2013 11:35

nevertheless, they have funding now to see them through this difficult time and at the end a new major shareholder.

is mkt cap of £2.2m reasonable?

[doodle1] 02/7/2013 11:01

KS - guessing you got no reply then?

[king suarez] 28/6/2013 11:52

ryan - I have emailed the company politely requesting some kind of explanation. It doesn't make sense to me.

We've either been seriously mislead on the contract terms, or the trucking operation has been a dismal failure and we have not been made aware of this.

I will post any response, should I receive one. I may have to phone the company if they do not respond. I think shareholders deserve some kind of explanation.

KS

[ryan83] 28/6/2013 11:14

KS - exactly, only suggests been paid for like one month upto Dec 12??

[ryan83] 28/6/2013 10:30

given the results why are they hoping to renew a contract that losses money? glad I got out months ago - did expect them to report a decent profit lol.

[doodle1] 28/6/2013 10:30

put in the bottom drawer and forget about them

[doodle1] 28/6/2013 10:29

the exact same thoughts as you KS!!

[king suarez] 28/6/2013 10:13

Below a penny now, that's 3/4 of my investment down the drain.