I'm thinking that all current holders will be far better off if a large chunk of the NVAOs don't get converted.
It is still looking like getting to $8 mill IMO, pretty easily. That is a load of drilling and confirming M&I reserves and still all the potential of increasing the JORC. It means less dilution in the shorter term for holders. For me, this is looking like taking off in the run up to December, especially when punters do the math on the upcoming drill results and figure out the size of the resource. NVA will be funded on current cash and what will come in anyway. Why not do another raise mid next year at a far higher share price than where we are here, less shares on issue, more % for each of the current holders.
Don't convert...
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