NVA 6.82% 20.5¢ nova minerals limited

@HCmbrYeah that is too much comparing apples and pears (both...

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    @HCmbr

    Yeah that is too much comparing apples and pears (both lithium fruits but very different stage and size) and just showing these stocks does not prove that US Lithium will not fare well IMO.

    - GL1 was floated 1 year ago and so had enough time to run up.
    - GL1 have double the amount of Lithium in the ground so far it seems.
    - they have a huge exploration campaign ongoing

    Looks like a nice investment. well done!

    The dash for cash is clear to me: NVA needed cash before June or so and with the FOMC/FED shakes they wanted to make sure they have money secured. Offloading 3 million on a market of 3.2 million shares would ensure even harder dumping (and they would also have to announce that in public) as the price is made on the margin.

    Anyway, as i said: I was hoping for a 6.5-7 $ and did not get what I wanted, but I am happy that we are fully funded till next year and still 6M + left. What explorer can say they have this kind of money in the kitty, so no dilution from here and a massive drill campaign about to start (and still the 6 M that can grow to 100s of million in more cash? Unless you dont believe in Gold, there is no reason to be unhappy I'd say.


    Last edited by Jopie: 08/04/22
 
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