With such a big drilling program for next year, money is needed, and better to do a partial Cap Raise now to keep things moving and bring in more results to keep the price rising.
Snapshot below is from TERRA STUDIO research report.
It has overlaid NVA over the FVL price rise. It has also shown when FVL did cap raises.
My expectations are that we are in the same position FVL was when they raised $5m
Based on this, I expect another Cap Raise in March when NVA is sitting just under $1, and that will take us through 2021 and into the 2022 program
Ann: Trading Halt, page-51
-
- There are more pages in this discussion • 130 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NVA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
25.0¢ |
Change
0.020(8.70%) |
Mkt cap ! $67.98M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 26.5¢ | 24.5¢ | $125.7K | 496.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 220353 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 6240 | 1 |
View Market Depth
| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| NVA (ASX) Chart |