NVA 5.26% 20.0¢ nova minerals limited

I find this statement in the latest F-1/A interesting.”The...

  1. 40 Posts.
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    I find this statement in the latest F-1/A interesting.

    ”The actual initial public offering price per ADS will not be determined by any particular formula but will rather be determined through negotiations between us and the underwriters at the time of pricing.”

    So the estimated value for the ADS (which will be made of 60shares) is USD$8-$10 (based on NVA.ASX share price from 24 May). However, the final value will not be calculated but rather based on negotiations. That seems to be contrary to the Resolution one explanation in today’s extraordinary meeting and Craig’s comment here
    https://hotcopper.com.au/data/attachments/6213/6213092-6796310fc763b86b22b40c2ecb2afd13.jpg

 
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