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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Noventa | NVTA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.625 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.625 |
| Top Posts |
|---|
Posted at 24/6/2013 10:17 by powells workwear Halifax have change my holding from NVTA TO Par PARAGON RESOURCES but Advfn when i put PAR IN TO SEE TRADE IT DOSE NOT EXISTS not that there has been many trades lately |
Posted at 21/6/2013 06:54 by john6185 From the board. We've had that sort if thing happen at least twice before on the LSE NVTA board.In the past we always hoped they were removed due to price sensitive info being leaked and the regulator acting. Maybe this time :), but last 2 were just ramping lies.We live in hope. I'm a little surprised there hasn't been stronger buying after the last RNS. I think people have become jaded.I certainly expect an excess. TIn a sane world there should be a $70m plus price. But in the insane world of mining in Africa, who knows. |
Posted at 18/3/2013 14:47 by nash81 people forgot, that those "fire sale" of assets can be sold at very cheap price, especially as Richmond has no obligation to sell those assets via auction, Richmond themselves can "buy" these assets at par, ie at exactly the same amount of loan value, resulting in NVTA will not get a penny extra, and richmond will end up legally owing those mines.Once legally own it, Richmond, can easily sell these mines later at much higher price. Richmond is hedge fund, and they always make money... sad for NVTA. NVTA will be further sold off as placing shares will be dumped next week. definitely wont touch nvta again lol |
Posted at 21/2/2013 21:54 by nash81 if, and even if another company would like to takeover, Richmond with any business common sense, will most likely declare NVTA in default and take control of NVTA, and then sell NVTA to the takeover company with hefty profit.by default Richmond is the right owner once the loan given to NVTA is being defaulted. if Richmond didnt do that, Richmond shareholders will be very angry and I am sure Richmond will want to avoid that. so, sad story is, pump today seems for some players to offload, knowing that Richmond will probably exercise their right to take control on NVTA. you wonder why Richmond sold their largest position in NVTA soon after the loan was given!! THATS also proved that Richmond stopped backing NVTA, the loan is just another pure business. |
Posted at 19/2/2013 00:16 by b1llyboy This is all down to controlling the supply and upping the price of Tantalum(supply cycle low 2012).Due to increased of rebel activity during December/january(The best months for rebel activity,that and topographical water damage)due to the increased rainfall)you work it out)Conflict Tantalum over the last 2 months has been virtually cut off from DRC(reduced to smuggling negligible). Conflict tantalum accounted for 30%-(22%) of supply,this contraband inevitably found it's way to PRC(for arms). The NVTA/Richmond strategy is designed to spike tantalum prices,which is coincidental with the low in the Tantalum supply cycle(peak 2011-stagnation 2012)reduced stock piles). After NVTA/Richmond have finished massaging each others soft spots,expect a spike in Tantalum spot price of upwards of $400 per pound(begin April-close November. That with global shut down of other producers mines(AUS),reinforce We are now in a completely different supply scenario...........C Direct from hard rcok suppliers and(artisanal miners) to nominated consumers(eliminatio NVTA/Richmond's strategy and facilities,will dominate global tantalum market. It's also worth noting that for every NVTA share that was sold on the 11th............Gues There is no coincidence why this "shut down" has coincided with a huge decrease in conflict Tantalum finding it's way to China. |
Posted at 17/2/2013 00:44 by nash81 what will happen to NVTA? lucky i didnt buy back in NVTA and top up in COOL instead, as the outlook very gloomy now for NVTA.better have a look at COOL - can easily recover your losses here from NVTA as asset sale worth at least double curret share price this is good summary: |
Posted at 15/2/2013 23:52 by b1llyboy jj45.The only reason Richmond sold their shares was due to conflict of interest. Whilst the funding was unsecured on the mine,any default would not end in Richmond taking ownership of the mine. Since the funding has been secured on the assets,Any default would see Richmond taking over the mine,therein laid the conflict. Hence,why Bechis is omitted from group board consultations(a point repeatedly stipulated in the recent news). All this talk of Richmond conspiring to seize NVTA's assets are just nonsense.Trust me bankers don't want dirty noisy machinery,just cold hard cash,preferably on a earnings/income stream basis,which Richmond are seeking to achieve with NVTA. You cannot in the eyes of the law be poacher and gamekeeper at the same moment in time. As i said earlier,Richmond need to inform markets of cancellation of the "secured" loan agreement,before enforcing default,5 days before,to give NVTA a chance to source external funding. My guess is NVTA are talking to third parties,and then will bait Richmond over restructuring. Read through the previous news and NVTA have seldom revealed their hand. The dilemma with the ore grades,will in the future prove to be smoke and mirrors. It's no coincidence the anomalous ore grade readings have come during the 2 wettest months in the Mozambique calender and so soon after the signing of the secured loan facility. |
Posted at 30/12/2012 08:33 by pwhite73 stevea171You are as foolish as the rampers (pumping on one shipment) to try and connect the share price to any negative fundamentals. The fact of the matter is that NVTA the share price and NVTA the company has long since been separated like many an AIM stock. The 70% race up on Friday has everything to do with MM scrambling to cover undeclared short positions and nothing to do with the realisation that NVTA is back on track. The company had already advised that shipments will restart in December 2012. There is still no news of production. NVTA share price is a momentum play. Good news will send the share price flying and bad news will send it crashing. I am not into all this rubbish about getting the bad news out of the way. Bad news is NEVER out of the way when it comes to AIM stocks. However all indications suggest there is more good news to come than bad over the short term, this is why the stock is in play at the moment. However this will not stop MM attempting to fleece new buyers by shaking the tree violently with a bulldozer on a regular basis. Jan 2011 NVTA was trading at 280p. The tantalum is still in the ground but unlike NVTA share price the value of it has gone up not down. Buy. |
Posted at 06/12/2012 23:59 by pwhite73 Hope67There is no minimum price. Furthermore talk about them converting at as low a price as possible again is complete nonsense. It is tantamount to saying REM at 0.05p is a better share than NVTA because its cheaper. A low conversion price in itself is totally meaningless. It is the percentage of the conversion that is important. The maximum conversion percentage is fixed at 85%. The higher the conversion percentage the better for existing shareholders. The purpose of the conversion rights is this. The conversion rights is the only insurance policy Richmond have if things go wrong. If NVTA make a complete hash of things how will Richmond get their money back. If NVTA default how are Ricmond going to get their money back. If the Mozambique authorities halt NVTA dead in its tracks how are Richmond going to get their money back. That is the reason for the conversion not to screw already penniless shareholders. If the shareholders deny Richmond the right to an insurance policy the existing terms will cost NVTA an additional 20%. If NVTA shareholders had any sense they would vote for all the resolutions. |
Posted at 01/12/2012 09:39 by pwhite73 Richmond have gone through all the trouble of refinancing because the natural resource assets and licences NVTA possess far exceed the value of the money lent. Letting NVTA go bust was not an option. The reason being is Africa is not like the United Kingdom. If NVTA went bust the various mining, exploration rights and licences would be revoked and revert back to the respective governments.THE LICENCES WERE AWARDED TO NVTA AND NOBODY ELSE. Many of you who have invested in other African resource companies would only be too aware of the precariousness of these licences. A change of government or even a simple change in the head of the 'Department for Energy and Resources' can put the licences under threat. NVTA has enough trouble out there as it with the licences. Along with operational costs the secured loan will be used to pay their way out of trouble and corruption. NVTA cannot go bust for Richmond's sake. |
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