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20.5¢ nova minerals limited

Ann: Change of Director's Interest Notice - ALL, page-9

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Jopie

3,296 Posts.

1075

02/03/23

11:15

Post #: 66557555
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Originally posted by Jase76: ↑

Yes this is great that management are participating in the capital raise. Let's not forget however, that they did not pay a premium at this raise. At the time, this raise was at a 16% discount to the share price at the time. Throw in a free option for every two shares, also providing a risk free opportunity to make money in a few years.

All said and done, I would prefer directors and management to buy shares and participate In these offers as opposed to gifting themselves millions of free options, convertible for free by the company (no risk or cost to them) for milestones which they know have already been achieved. At least they have paid skin in the game this way (even though I would suggest their generous pay rises last year should cover the costs).

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they would still need to pay to convert so they are not free. It costs 1.10$ to convert to a share. They are better off buying today at 0.53$.

So I don’t get your point. Buying in raise is positive. Adding more money later would be more positive.

NVA Price at posting: 53.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 20.5¢		Change -0.020(8.89%)		Mkt cap ! $55.99M

Open	High	Low	Value	Volume
21.0¢	21.0¢	20.5¢	$68.45K	326.5K

Buyers (Bids)

No.	Vol.	Price($)
5	115550	20.5¢

Sellers (Offers)

Price($)	Vol.	No.
22.0¢	16104	1

View Market Depth

No.	Vol.	Price($)
5	115550	0.205
6	186000	0.200
2	130000	0.195
1	24000	0.190
4	74405	0.185

Price($)	Vol.	No.
0.220	16104	1
0.225	49996	1
0.245	30000	1
0.250	9321	2
0.255	20000	1

Last trade - 15.49pm 07/11/2024 (20 minute delay)

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