NVA 3.45% 15.0¢ nova minerals limited

The warrants are ridiculously priced IMO, if you buy them for...

  1. 3,784 Posts.
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    The warrants are ridiculously priced IMO, if you buy them for even US$5 today, that's a total cost per share in 5 years of AU$0.31 depending on the exchange rate of course. I've messaged IBKR to see what they say about trading them. I'd bet most people here have an average higher than that!
    I might dollar cost average into them over the next 12 months if the market crashes!

    "Each whole warrant is exercisable for one ADS at an exercise price of US$7.266 per ADS"

    Effectively, one share is US$0.1211, plus whatever you pay for the warrant.
 
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