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Financial Times reports that Noventa (LON:NVTA,PINK:NOVXF) shares dropped again.
Financial Times reports that Noventa (LON:NVTA,PINK:NOVXF) shares dropped again.
The market news is quoted as saying,
Traders said the deposits to the north east and south of its existing Marropino mine deposits would not be economic to mine at grades reported on Monday.
“In our view the company needs to get back to basics and focus on getting the existing operation to 600k lbs per annum in the least dilutive fashion to equity holders,” said Canaccord Genuity. Noventa fell 7.7 per cent to 38¼p.