NVA 3.70% 28.0¢ nova minerals limited

I contacted the company as well and they are required to report...

  1. 229 Posts.
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    I contacted the company as well and they are required to report as a consolidated entity given the majority stake in Snow Lake. I've asked if they could consider providing a consolidated and standalone cash flow statement in quarterlies moving forward (earlier today so no response yet).

    They reiterated - as per page 6 of the quarterly - that the estimated cash outflow for the next half year is $5.5m. There is no immediate need for funding, and in their words 'the only reason we will raise capital or block trade our liquid Securities is as you alluded to would be for strategic purposes' , which was in response to me asking if they were working on getting a cornerstone U.S. investor on board.

    This gives us some runway with news which could potentially boost the SP in the meantime, most notably the Korbel scoping study, RPM drill results, and further Korbel results (assays for 8,000m of drilling pending).
    Last edited by marsch85: 23/01/22
 
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Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
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