Ann: Nova to Unlock the Value of its Lithium Projects, page-63

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oakeydoke

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06/08/18

23:42

Post #: 34760682
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Originally posted by broosta ↑

Been away Roddy66 so here is my reply.

Yes this is a kind of Clayton’s takeover. The kind where there is no ‘we’ in the sense of what most people understand as being a real and direct shareholder in a public company. And the real dilution will I thinkbe closer to 50% ownership by the time this Snowflake is up and running. And not the undiluted 77% NVA have quoted.

Over the last few trading days NVA Shareholders have finally woken up that the marvellous management (if allowed to transfer ownership in this way) could do exactly the same to the other off shore NVA company assets. Oh sure I can hear management saying trust us, we know what we are doing. Yeah well I think the market has responded rather definitely via the plunge in the share price as to that paternal form of company making nonsense.

I don’t want a company representative acting as my inta alta broker of a company’s assets. Especially a company I bought on the basis of having a defined share in (both in quantum and legal standing) as a % of its ownership. so I’ll be voting against the interests of these clever directors and supporting the interests of my own holding thank you very much!

Oh and to those that still think the transfer without payment of a company asset to a foreign company is a good idea then why not offer all your shares to NVA directors to look after? It might even save a bit paper work and money as divesting your legal interest in NVA voting rights will make it a lot simpler for those with such blind faith in this lot of marvellous directors to decide without the bother of involving shareholders!
Who’s going first into this great idea of unfettered control by directors?

Broosta

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The directors have over a. Million reasons why this will work out... I think their view is that the value of the asset in Canada is recognised as having more value on TSV than ASX... simple

If we all get diluted so do they... and they are not pulling big salaries

If however they come back and advise that they will not go ahead and pay $1 million for what is currently circa $700k worth of stock I will reassess but until them I will do what they are doing and vote with my $$$

NVA Price at posting: 2.3¢ Sentiment: Hold Disclosure: Held
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Last 21.0¢		Change 0.005(2.44%)		Mkt cap ! $45.16M

Open	High	Low	Value	Volume
21.0¢	21.0¢	20.5¢	$10.88K	51.88K

Buyers (Bids)

No.	Vol.	Price($)
1	148112	20.5¢

Sellers (Offers)

Price($)	Vol.	No.
21.5¢	100000	1

View Market Depth

No.	Vol.	Price($)
1	148112	0.205
1	15000	0.200
3	44778	0.190
2	82844	0.185
5	76890	0.180

Price($)	Vol.	No.
0.215	100000	1
0.220	2551	1
0.225	30564	1
0.230	2238	1
0.235	6547	1

Last trade - 15.34pm 16/07/2024 (20 minute delay)

NVA (ASX) Chart

Ann: Nova to Unlock the Value of its Lithium Projects, page-63

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Ann: Nova to Unlock the Value of its Lithium Projects, page-63

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