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21.8¢ nova minerals limited

Ann: Thompson Brothers Lithium Project Resource Upgrade, page-59

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Magic2000

3,367 Posts.

781

03/06/21

16:24

Post #: 53628056
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Originally posted by bobbym: ↑

I used to have shares in TEG an oil company in the Perth basin. They had a gas play in QLD. They hived that off as a separate company and called it State Gas, retaining about a 30% interest in the spin off company. State Gas launched at 50 cent, shares now worth about he same , even though it has achieved some good results. TEG is about 2.5 -3 cents a share. Even though their share in State Gas is worth a few million , it has never really impacted on TEG's SP. You can look at other Spin off's Eg: BHP and their Spin off SOUTH , has never really impacted. The thing is , Don't expect Snow Lake to impact on NVA's SP - as their interest in TNR has not really impacted. It's a separate entity. Sure it might add some value and a bit of comfort but for NVA it's all about Gold and whether they can convince the market about low grade mining for profit.

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hi Bobby
agree won't impact NVA SP however after holding for one year our remaining shares we can sell those shares to pay for NVA project therefore our interest is money in our bank which is of great importance to NVA moving forward as less dilution. doesn't increase our SP but strengthens our fundamentals / coffers

NVA Price at posting: 14.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 21.8¢		Change -0.003(1.14%)		Mkt cap ! $46.77M

Open	High	Low	Value	Volume
22.0¢	22.0¢	21.5¢	$26.12K	121.1K

Buyers (Bids)

No.	Vol.	Price($)
2	65969	21.5¢

Sellers (Offers)

Price($)	Vol.	No.
22.0¢	17198	1

View Market Depth

No.	Vol.	Price($)
2	65969	0.215
2	15037	0.200
2	19778	0.190
3	86844	0.185
5	121335	0.180

Price($)	Vol.	No.
0.220	17198	1
0.225	60000	2
0.230	67248	2
0.235	6547	1
0.240	23300	2

Last trade - 14.18pm 18/07/2024 (20 minute delay)

NVA (ASX) Chart