As we've seen with the 'bridging finance', NVA found it difficult to secure finances in this climate. Who would loan money to a speculative explorer that has no certain payback period?
The US IPO allows NVA to create a significant number of additional shares and sell them to a broader audience. As we can see from the dilution, it's significant to existing holders (potentially around 40-50% dilution, depending on SP immediately prior to IPO).
I've rarely seen an ASX-listed speccy company do well upon listing on a US exchange; many don't do well at all.
The US listing does allow management to be paid for longer.
(Oh, and more drilling and more studies. Again)
Ann: Notice of Extraordinary General Meeting/Proxy Form, page-36
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