NAV - well done Burnett if you've been on NAV for the past couple of days, amazing run. I traded in and out of NAVRA a few times but they always lagged by a long way (probably because of the huge dilution coming)
currently on issue 465m
Patersons are underwriting 1 billion new shares at 2c but there could be up to 1.6 billion new shares coming on next Wednesday or Thursday 17th or 18th I think, if fully subscribed.
shares come with 1 for 2 free attaching options at 4c so breakeven for new issue will be less than 2c if you take into consideration the free options
