Ann: Nova Progresses NASDAQ Dual Listing in the US, page-15

My opinion:
- The market cap would be the same with or without consolidation. (Did anybody sell because of 'numbers of shares on issue, while market cap is uneffected'? But many sold because of 'RPM downgrade' and 'rising interest rates, discount rates and cost of living')
- An additional 10:1 consolidation would not force the SP to fall further (post-consolidation price), as any significant fall would bring the market cap even lower than $50m, which makes it a takeover target, or an accumulation target for 19.9%.
- I prefer $0.25 over $0.025, as at low prices, the ASX rules for minimum price increments get annoying.


The consolidation / shares on issue is not the issue here, compared to the RPM downgrade (and partial upgrade since then).



From the announcement today, it sounded like MRE will include silver, but it sounded more like late 2024...not sub-1 month.


They mentioned IPO, but I'm still not clear how that works. Intending to raise funds or not? Just having an alternate market to trade the shares?

Can anybody explain the difference between NVAAF and the IPO?


IPO I thought means issuing new shares - raising funds. So would it mean they issue say an extra 100% shares, but maybe at a stronger price equivalent to $0.50 AUD?

Then 50% is owner by US holders, and 50% by ASX holders.

Company raises $100m, and has funds for years to come, and can accelerate plans. Market cap jumps $52m -> $152m+ to account for the cash addition, and maybe higher still to account for the US trading multiple (though the market cap calculation would vary in US and ASX). ASX share price jumps to $0.37-0.50 to account for the additional funds, and US market listed price?

That is my guess-work.