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Nova Res. Share Price - London South East www.lse.co.uk/SharePrice.asp?shareprice=NOVA London South East Logo | UK Share Price information .... Daniel Stewart retained its "buy" stance on Nova Resources (NOVA) with a target price of 11p. ... Stewart believes that Chinese demand for Mongolian coal will rise dramatically, noting mining research consultant Wood Mackenzie's forecast of 394% growth by 2015.
Really wanted to trade this (seen a tip) but my broker will not let me due to settlement issues .. damm!!
Follow link: http://www.brrmedia.co.uk/event/98430/enrique-lopez-de-mesa-executive-vice-president
4 buys today and 13% increase
Looking at the shares in public hands, if we presume for a minute that Shweco Nominees are made up of long term investors, it leaves the tradeable shares of NOVA at apprx 12.7m. Which is not that many at all. If you put that as an average of say 5p (to account for those in before the rise) that would be about £600k. I've been doing some research over the weekend here and I think there is a lot of potential for NOVA to expand it's truck fleet. Which will be highly lucrative relative to the number of shares in public hands. If Moveday do have some legal action taken against them for fraud, it will only be good for NOVA as they must be a big competitor.
Charles Green, LEADS A CONSORTIUM TO BUY RANGERS STORY READ ON>>>>>>>>>> Chairman NOVA RESOURCES CURRENTLY 6.75 P Mr. Green has significant experience in corporate transactions and was responsible for the stock market flotation of Sheffield United Football Club in 1997. He has held a number of directorial positions including Chief Executive Officer of Source BioScience Plc (formerly Medical Solutions). Mr. Green held the position of Business Development Director at Texas Group Plc ("Texas") where he orchestrated the purchase by Texas of a controlling stake in L Gardner which was floated on the official list in Nov 1995. GLASGOw >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> A consortium headed by former Sheffield United chief executive Charles Green agreed to buy Scottish club RANGERS on Sunday. Administrators running the record 54-time Scottish champions confirmed the deal. The administrators announced that an "irrevocable" contract had been struck with the group, and they cannot now back out. Under the plans for the 8.5 million-pound ($13.7-million) takeover, Rangers should exit bankruptcy protection before the start of the new season. "There are 20 individuals and families who have pledged support. "The cash is in a bank account," said Green. "No investor will own more than 15 per cent. There are some investors from the U.K., the Middle East, Asia and the Far East." Green said the names of the investors WILL be released!!!!!!!! The full takeover is expected to go through at the start of June!!!!!!! Mr Fook is Chairman Of Tricor and on the Board of NOVA RESOURCES LTD. currently at .003 WATCH THIS SPACE
"Ukhaa Khudag is not well-known but is situated on the northwest corner of Mongolia's Erdenes-Tavan Tolgoi, the world's biggest untapped coal mine with as much as 7.5 billion tons of reserves. Some bankers say plans for an IPO in 2012 to develop the prospect could fetch as much as $15 billion." http://www.reuters.com/article/2011/09/23/us-mongolia-mining-idUSTRE78M1G420110923 World's biggest untapped coal mine eh? 3 guesses where our contract is...
Daniel Stewart retained its "buy" stance on Nova Resources (NOVA) with a target price of 11p. The broker noted that the investment company's ZHCH Mining subsidiary won a contract to deliver 3 million tonnes of coking coal annually from its Ukhaa Khudag mine in Mongolia. Daniel Stewart believes that Chinese demand for Mongolian coal will rise dramatically, noting mining research consultant Wood Mackenzie's forecast of 394% growth by 2015. Shares in Nova were unchanged at 6.75p.
Sunday, 1 April 2012 Nova Resources NOVA.LN The AIM Listed Anglo-Mongolian Investment Company Strike it Big with Multi Million Dollar Logistics Contract Nova Resources (NOVA.LN) the AIM quoted Anglo-Mongolian investment company, recently released details to the market of a lucrative logistics contract secured between ZHCH, Nova's 100% owned Mongolian logistics company and Energy Resources Group (ERG) the operators of the large scale Ukhaa Khudag coal mine, located in Mongolia's South Gobi coal mining region. Under the broad terms of the agreement, ZHCH will swiftly deploy 32 double trailer side tippers, capable of carrying up to 200,000 tonnes of coking coal each, in order to transport ERG's coal for export to a transhipment point for onward delivery to Chinese steel mills. Each truck is likely to yield considerable cash and profits over the short term, where it is expected turnover for ZHCH could reach a staggering 20 million USD within the first year of operation. With over 20 new world class mines entering production in Mongolia's South Gobi coal mining district over the coming years and coal exports from Mongolia to China set to double by 2017, ZHCH with its Mongolian and Korean led executive team, command significant "gatekeeping roles in country" that are likely to lead to a massive scaling up of this much sought after coal trucking logistics service by the cluster of Mongolian mining companies, operating in the South Gobi region. Nova is expected to come to the market for some fundraising in order to fast track the purchasing of a state of the art trucking fleet for ZHCH. With the commencement of the contract scheduled to begin in May 2012, Nova is likely to return some outstanding numbers over the next 12 months. Currently trading at just over 7p, the addition of up to 20 million USD in turnover over the near term is likely to bolster and reflect positively in Nova's share price moving forward.
iNside2 - 2 Mar'12 - 11:21 - 10 of 10 With 106million shares issued the profit on the ZHCH deal in the first year will be 20p a share and on that measure alone the share will be supported at a massive discount of 60% so is amazingly undervalued. The market must be fast asleep on this one.
this will rise all week into next week. great news
Coal transportation contract. http://investegate.co.uk/Article.aspx?id=201201171237187038V
has nova changed its name from tembusu investments and if so have the shares transfered to nova thanks
and loving it. My first company car was a Vauxhall Nova Starfire. It was a piece of sh@t but it must be a sign or something!
Whats happening here then? 2p into this month and now 9p? Nice. Worth a go? lol.
we are all maxed out on TRIC. Chan F Meng is a busy person lately
lol jumped from 2.40 to 4.50 and nobody saw it lol
lol.