NVA

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IPO Day!, page-70

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Magic2000

3,339 Posts.

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27/06/24

01:21

Post #: 74501256
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Originally posted by danbradster: ↑

The company is intending to do a sorting test pit to build confidence with partners/financers/investors.

I think putting the company into hibernation would come with its own issues, and I don't see the benefit. It makes sense for some companies like unprofitable lithium miners - they can continue to produce at a loss until bankruptcy, or they can go into C&M and hope for lithium prices to rise - improving their odds from terrible to bad/ok.

An explorer going into hibernation - would burn through half of its remaining cash on simple things like redundancy, ASX fees, management wages, while achieving nothing in that time (years). Then incur further costs to re-hire, re-furbish equipment when deciding to restart. And in the meantime, nobody will want to own the shares, so the SP falls. That's assuming the company has a positive cash balance to begin with - if in debt, then add interest costs and the financer disagreeing. So upon re-opening, expect huge dilution at a low price (maybe another scenario exists eg. lithium mania / crypto, where temporary high valuations appear).

Gold is already high, so waiting for even higher prices is a big gamble. I think explorers are down because of higher interest rates increasing the opportunity cost and funding cost of the money. So the bet is, that interest rates fall back toward 0, and explorer valuations rise again. But in the meantime, while in hibernation, all existing holders are driven toward 0.

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san why do you even reply to corgi. Surely you have been here long enough to realise he throws mud and talks crap to distract
Giving him airtime is not helping the discussion

Corgi and Timmy always pop up together. See the pattern?

Last edited by Magic2000: Thursday, 01:21

NVA Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

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(20min delay)
Last 19.0¢		Change 0.005(2.70%)		Mkt cap ! $40.86M

Open	High	Low	Value	Volume
18.0¢	19.0¢	17.8¢	$63.16K	346.9K

Buyers (Bids)

No.	Vol.	Price($)
1	7633	18.0¢

Sellers (Offers)

Price($)	Vol.	No.
19.0¢	93561	1

View Market Depth

No.	Vol.	Price($)
3	88571	0.175
4	129650	0.170
1	3333	0.165
2	53125	0.160
3	134500	0.155

Price($)	Vol.	No.
0.190	93561	1
0.200	5000	1
0.210	34516	4
0.220	6000	1
0.235	30000	1

Last trade - 16.10pm 28/06/2024 (20 minute delay)

NVA (ASX) Chart

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