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What do you think? Noventa Ltd

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I have been looking at Noventa Ltd (NVTA.L). Mines tantalum, previous board seems to have made some mistakes, current board has done a (successful) rights issue, and is reopening mine. Seems to me to be a good buy at 5.5p?

 

Would be interested to see what everyone else makes of it?

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I have been looking at Noventa Ltd (NVTA.L). Mines tantalum, previous board seems to have made some mistakes, current board has done a (successful) rights issue, and is reopening mine. Seems to me to be a good buy at 5.5p?

 

Would be interested to see what everyone else makes of it?

 

saw the prior ceo present at proactive i suppose around feb time. looked modestly interesting but i didnt investigate. not sure what went wrong but with the benefit of hindsight he did come across as a bit of a dreamer. also tantalite customer market is very concentrated and oversupplied this year i think which was another discouragement. gippsland also went under this year. for the minor metals i think there are better plays IMO but i might be wrong.

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saw the prior ceo present at proactive i suppose around feb time. looked modestly interesting but i didnt investigate. not sure what went wrong but with the benefit of hindsight he did come across as a bit of a dreamer. also tantalite customer market is very concentrated and oversupplied this year i think which was another discouragement. gippsland also went under this year. for the minor metals i think there are better plays IMO but i might be wrong.

 

Since then they are now up to 7.09p on very heavy volume:

 

http://uk.finance.yahoo.com/q?s=NVTA.L

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saw the prior ceo present at proactive i suppose around feb time. looked modestly interesting but i didnt investigate. not sure what went wrong but with the benefit of hindsight he did come across as a bit of a dreamer. also tantalite customer market is very concentrated and oversupplied this year i think which was another discouragement. gippsland also went under this year. for the minor metals i think there are better plays IMO but i might be wrong.

 

Up 10% more today, I am wondering when to get out.

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has the tantalum market recovered if so the book value of the company is quite high, no?

 

Recovering. Its up to 9.75p today was as high as 11p. Mine has just reopened.

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