Ann: Trading Halt, page-85

Few takeaway points from all this:

-- The buyers/sellers ratio this morning before the announcement was 2:1 or about 13 million buyers to 6-7 million sellers.
-- there was a thin spread of sellers up until 25 cents -- this indicates only light resistance for the next run.
-- the spread of orders indicates that we were in the middle of a run to 25+ cents.
-- like many posters say, this is probably a good time to do a CR as assay results are immanent, which will insulate the SP.

-- once could speculate that the CR and assays will either be coincident, or subsequent.

-- it is very good that the AFR is publishing stories on NVA. It seems that the AFR article was posted not before the ASX news, but at approximate the same time.

-- Evolution Capital's report follows up their previous reports which were pretty spot on for MC and SP.
-- Their price target of .40 cents is both conservative and feasible.

-- NVA needs funds to continue its 'aggressive' drilling campaign -- this is likely what all holders want.
-- The retail market hopefully supports this (judging from the mostly positive comments here).

-- CR by sophs and institutional is always subject to the possibility of quick profits.
-- at the least they wont drop the lot at sub 17 cents, which is still way above what many of us forked out.
-- As the sell orders had thinned out (again), it seems that the market will easily support dilution of the stock. 150million volume can easily be swallowed up in a good week.

I think that the best indications for the appetite for NVA have come and will come from the market so wait and see what happens.

*this is not financial advice always best to operate on your own information and research.