With such a big drilling program for next year, money is needed, and better to do a partial Cap Raise now to keep things moving and bring in more results to keep the price rising.
Snapshot below is from TERRA STUDIO research report.
It has overlaid NVA over the FVL price rise. It has also shown when FVL did cap raises.
My expectations are that we are in the same position FVL was when they raised $5m
Based on this, I expect another Cap Raise in March when NVA is sitting just under $1, and that will take us through 2021 and into the 2022 program
Ann: Trading Halt, page-51
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.71M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $111.9K | 812.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 959533 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 21998 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| NVA (ASX) Chart |