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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Last
26.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $102.6M |
Open | High | Low | Value | Volume |
26.0¢ | 27.0¢ | 25.0¢ | $190.4K | 740.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9633 | 26.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.5¢ | 76076 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9633 | 0.260 |
5 | 255330 | 0.250 |
5 | 232681 | 0.245 |
2 | 71665 | 0.240 |
7 | 206948 | 0.235 |
Price($) | Vol. | No. |
---|---|---|
0.270 | 22131 | 1 |
0.275 | 3400 | 1 |
0.280 | 50000 | 1 |
0.290 | 39258 | 2 |
0.295 | 16181 | 1 |
Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
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