Blank Check

Special Purpose Acquisition Company (SPAC) craze is everywhere at the moment. RAS EV is very low. May be ~ $4 million EV now.
Asymmetric risk reward is great here imo.
7 c Now.
Cut off loss 5 c
Upside 35c plus
So 2c risk Vs 35c reward.
All my assumption and everything is hypothetical.


I was in Quantum Resources Limited (ASX:QUR) (Now NVA.ax Nova Minerals Limited) before they acquire some assets in Alaska back in 2017. It flew from .07c to around 5.8c as far I remember. I made few bags back then. If  I would  have hold till now I could have made 10X plus bags. However, I am happy whatever I made.
NVA CFO is on RAS Board too (Michael Melamed).

Nova Minerals Limited engages in the mineral exploration activities in the United States, Australia, and Canada. The company explores for lithium, gold, and copper deposits. Its flagship projects include the Estelle gold project comprise 346 mining claims covering an area of 220 square km located in Alaska. The company was formerly known as Quantum Resources Limited and changed its name to Nova Minerals Limited in December 2017.

I am not saying that the same thing will happen here. Just My opinion. DYOR.
I wish good luck to holders. Play safe.
All my assumption and everything is hypothetical.

“History never repeats itself but it rhymes,” said Mark Twain