NAV - Navigator Resources

[Logique]

Given us little to smile about lately. I noticed strong market depth this morning, and looking back in, it seems to have put on +25% to .03 on increased volume. No announcement there, so will be keeping an eye on it.

[LifeChoices]

In the turmoil today NAV finished up 57% wtf - this stock has sure given me some wild rides.

Last week I purchased 140,000 options for $0.02 - looking forward to see what is going to happen with this.

[Logique]

In the turmoil today NAV finished up 57% wtf - this stock has sure given me some wild rides.

Last week I purchased 140,000 options for $0.02 - looking forward to see what is going to happen with this.

Now that is good business LC! Bet you'd like to see the April highs again, $0.20

[LifeChoices]

NAV up more today, at one point it was as high 54% on yesterday - currently trading at $0.05 - this is crazy

[robz7777]

NAV in a trading halt at the end of the day with some serious speculation happening.. Nearly 10% of the market value was turned over with 134m shares traded with all the action after 3pm??

Don't think it will be too long before it returns to 2c with unless current holders are expecting gold to take off again.

[Logique]

ASX anns - price query and NAV's response. There doesn't seem to be any corporate activity or drilling results behind it. The volume yesterday was stupendous, and came late in the day. Suspended at .03

Weird. Perhaps a rumour, or good old p & d. Be interesting to see how it opens.

[bucklenut]

Hey there,
Has anyone got any thoughts on NAV. I know this has proved to be a be of a dog of a stock and the company has major issues but it looks cheap at present...

[reeftip]

They had trouble meeting their budget after starting production in April 2010 so they
did a 7:2 renounceable rights issue at 2 cents a share. They used this money to pay down debt so now the balance sheet does not look too ugly.

This one will continue to be a high cost producer - so any downside pressure on the gold price will really hit the bottem line.

They might have turned the corner now, but I think there is so much better value elsewhere than this one at the moment.

[bucklenut]

Thanks for the feedback reeftip.. I'll tread with caution with this one...

[Dougs Antiques]

Thanks for the feedback reeftip.. I'll tread with caution with this one...

IMO if I was to buy into this one it would be a small parcell to put into the bottom draw for a couple of years
But there are better options ATM to provide a much rosier upside
Regards

[bucklenut]

Thanks for the heads up Dougs...

[fwpike]

Would someone care to enlighten me as to why this stock trades at a P/E of 2.75 please?

[blackjack]

this stock is suspended

the company has seen fit to threaten legal action against people saying things that they deem defamatory against NAV

From HOTCOPPER MODS
Dear members,

Due to legal threats, all discussion on this stock has been suspended indefinitely.

We apologise for the inconvenience caused.

I have contacted ASIC about this company and they are investigating them
Now that NAV have threatened people with legal action the story is compelling

The share price has plummeted to 0.008 cents, it is suspended, upper management heads are rolling, the saga continues.

[blackjack]

this stock is suspended

the company has seen fit to threaten legal action against people saying things that they deem defamatory against NAV

From HOTCOPPER MODS
Dear members,

Due to legal threats, all discussion on this stock has been suspended indefinitely.

We apologise for the inconvenience caused.

I have contacted ASIC about this company and they are investigating them
Now that NAV have threatened people with legal action the story is compelling

The share price has plummeted to 0.008 cents, it is suspended, upper management heads are rolling, the saga continues.

if you have any issue with NAV and would like to join the action then contact ASIC or you can make an e complaint online
Misconduct & Breach Reporting
Australian Securities & Investments Commission
Ph: (08) 9261 4280 | Fax: (08) 9261 4227 | Level 3, 66 St Georges Terrace, Perth WA 6000

[blackjack]

if you have any issue with NAV and would like to join the action then contact ASIC or you can make an e complaint online
Misconduct & Breach Reporting
Australian Securities & Investments Commission
Ph: (08) 9261 4280 | Fax: (08) 9261 4227 | Level 3, 66 St Georges Terrace, Perth WA 6000

ALL comments on the forum have been deleted DYOR on NAV as everyone else is slowly being gagged

[matty77]

Can you give us a clue what happened?

I did have these on my watchlist, but never jumped on board.