Great analysis.
Re Snowlake if we assume market cap on listing of US$150M (I’ve plucked this figure, need to look a peer analysis for what is available). Snowlake looking to raise US$28M, assume this is new capital not the sale of 26% NVA does not own. This values pre listing capital at US$150M - $28M = US$122M, multiply by 74% NVA holding = US$90.28 or AUD $123M. NVA ownership is diluted to about 60% in this scenario.
Using same assumptions with different market caps on listing:
@ US $100M, NVA holding valued at AUD $74M and ownership reduced to about 55%.
@ US $200M, NVA holding valued at AUD $173M and ownership reduced to about 63%.
Further if post listing we assume NVA reduce their holding to 40% (a hypothetical figure) the increase in the bank balance will be as follows:
@ US $100M listing = US $15M / AUD $20.4M
@ US $150M listing = US $30.28M / AUD $41.18M
@ US $200M listing = US $46M / AUD $62.56M
Either of the above will delay a cap raise for a while if timing of listing permits.
anyway my ramblings above, moral of the story the higher the listing for Snowlake the better it is for NVA
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nova minerals limited
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Last
30.5¢ |
Change
-0.010(3.17%) |
Mkt cap ! $98.51M |
Open | High | Low | Value | Volume |
31.5¢ | 31.5¢ | 28.5¢ | $350.1K | 1.156M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 499999 | 30.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.0¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11000 | 0.300 |
3 | 23845 | 0.290 |
1 | 35087 | 0.285 |
2 | 22964 | 0.280 |
1 | 184000 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.310 | 15000 | 1 |
0.320 | 20000 | 2 |
0.330 | 50000 | 1 |
0.340 | 100000 | 1 |
0.350 | 1851 | 1 |
Last trade - 16.10pm 08/07/2025 (20 minute delay) ? |
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