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
31.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $101.7M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 71200 | 31.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 71200 | 0.310 |
3 | 68748 | 0.305 |
4 | 23452 | 0.300 |
4 | 39487 | 0.295 |
1 | 10000 | 0.290 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 50000 | 1 |
0.340 | 9628 | 1 |
0.350 | 1851 | 1 |
0.355 | 31250 | 1 |
0.365 | 58411 | 3 |
Last trade - 07.10am 07/07/2025 (20 minute delay) ? |
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