The problem with the do nothing approach is we would still be sitting on a 2.5Moz resource instead of 10Moz's. Everyone knows explorers issue shares to fund themselves, we trust management to do that efficiently while progressing the project. If the project stops, everyone sells anyways, end result is the same shitty share price history.
I think they have done reasonably well to date with dilution, we have 10Moz's and a really good chance at producing, but when we're talking upwards of 40% - 50% dilution just for a US listing, one needs to question that.
The buyers have been drying up over the last week, so if there is any decent on market sells this could well end up in the teens prior to the IPO.
- Forums
- ASX - By Stock
- Ann: Notice of Extraordinary General Meeting/Proxy Form
The problem with the do nothing approach is we would still be...
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NVA (ASX) to my watchlist
(20min delay)
|
|||||
Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.53M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11524 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11524 | 0.150 |
4 | 113999 | 0.145 |
4 | 252000 | 0.140 |
1 | 7000 | 0.135 |
6 | 125468 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 20000 | 1 |
0.165 | 100000 | 1 |
0.175 | 10000 | 1 |
0.180 | 27701 | 3 |
0.185 | 10555 | 2 |
Last trade - 16.12pm 27/08/2024 (20 minute delay) ? |
Featured News
NVA (ASX) Chart |
Day chart unavailable
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online