NVA

6.90%

15.5¢ nova minerals limited

I think you will find that most of the funds were a cornerstone/...

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Naylor-1

979 Posts.

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03/12/22

14:18

Post #: 65133544
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Originally posted by Jase76 ↑

To be honest you would be hard to find a negative post on the company from me but tbh I think this raise was done for a few reasons. First 8 think as they raised money from the sale of LITM earlier in the year they had unused capacity under 7.1. (issue 10% shares without shareholder approval) and the second reason after just looking at how close the vote was for the issue of performance options was to ensure they got over the line on this? Pure speculation on my behalf, but with a rising share price, rising gold price and a plethora of results due from RPM I for the life of me cannot understand why we raised at 70c. I would have swallowed it if it was to a cornerstone investor or strategic partner with sticky hands but these funds and instos are here to make money period. Which is fine. Not unlike the rest of us. However, unlike the rest of us they are given preferential treatment which leaves a bitter taste in one's mouth.

I have held here since 2017. Will continue to hold till production. Have an average price in the 20s so I guess that is the reward I get for being early. That's said the opportunity cost I endure by sitting on cash whilst dumb decisions are made. I am a strong believer in this asset. I think the team is highly competent but need to
earn these options.

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I think you will find that most of the funds were a cornerstone/ strategic partner and management.

Last edited by Naylor-1: 03/12/22

NVA Price at posting: 73.5¢ Sentiment: Buy Disclosure: Held
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Last 15.5¢		Change 0.010(6.90%)		Mkt cap ! $42.15M

Open	High	Low	Value	Volume
15.0¢	16.0¢	14.5¢	$107.5K	703.1K

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No.	Vol.	Price($)
3	97305	15.5¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	161967	2

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No.	Vol.	Price($)
2	87305	0.155
6	319938	0.150
6	142874	0.145
6	180027	0.140
4	330248	0.135

Price($)	Vol.	No.
0.160	150000	1
0.170	18380	2
0.175	33857	4
0.180	117642	1
0.190	33340	2

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I think you will find that most of the funds were a cornerstone/...

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I think you will find that most of the funds were a cornerstone/...

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