NVA 2.70% 19.0¢ nova minerals limited

Ann: Notice of Extraordinary General Meeting/Proxy Form, page-7

  1. 3,632 Posts.
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    Just out of interest, are any investors here not going to be as mad as a cut snake if this IPO's in the 30's? The dilutionary impact if this is the case, is absolutely disgraceful and the IPO should be cancelled ASAP.

    If management can't IPO this for more than 150 - 200 million market cap then the IPO is a waste of time and all the talk about US investors knocking the door down has been a lie. All the talk from management about avoiding dilution needs to be held to account. We have scrimped and saved our way through 18 months with the smallest drill campaign to date to avoid unnecessary dilution and this is the result.

    This IPO has been sold as our valuation saviour, why the hell am I looking at figures like these?

    https://hotcopper.com.au/data/attachments/6145/6145459-a1dd8d43bb3cfbc8e6eac8eddd567abb.jpg


    We could have raised $25 million in Jan 2023 at 50c when we should have, and went hell for leather for the next couple of years. I'm 1000% sure the project would be in a much better position than it is now.

    I still hold some hope that this can be a successful IPO, but given how it's been trading I can't see why the brakes would be taken off the SP prior to the IPO.

    The ball is with management to deliver, but I grow less and less confident every day. Expecting to be disappointed, again.
 
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19.0¢
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