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20.5¢ nova minerals limited

no it won't the massive run in 2020 was off the back off surface...

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Corgi

2,326 Posts.

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05/06/24

22:11

Post #: 74184219
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Originally posted by danbradster: ↑

Pausing all operations would come with its own problems. A slow drain of cash, combined with no possible excitement on the horizon to generate buying demand, so an imbalance towards sellers and a falling SP. Then no progress towards the company's goals of PFS, BFS, production, so a lot of dilution would happen later at a low SP when they decide to resume operations, and they'd be a long time behind schedule and having to re-hire.

Currently: Gold is high, even if high interest rates are driving down valuations of explorers. I think it's necessary to progress towards their goals, so just deciding between US raising or ASX raising (so we can keep drilling at a good pace for PFS). If we're going to be diluted in either case, then I prefer the ASX case so I can participate and offset my dilution. But I expect management see some side benefits from a US listing - better odds of receiving a grant, or better odds of favourable funding for BFS/construction, or better odds of a partnership/acquisition etc.

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no it won't

the massive run in 2020 was off the back off surface sampling/rock chip assays

little money needs to be spent

timing & sentiment is everything!

Last edited by Corgi: 05/06/24

NVA Price at posting: 19.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 20.5¢		Change 0.005(2.50%)		Mkt cap ! $44.08M

Open	High	Low	Value	Volume
20.0¢	20.5¢	20.0¢	$19.70K	98.53K

Buyers (Bids)

No.	Vol.	Price($)
1	6537	20.0¢

Sellers (Offers)

Price($)	Vol.	No.
20.5¢	31965	3

View Market Depth

No.	Vol.	Price($)
1	6537	0.200
1	109247	0.195
3	67400	0.190
5	36545	0.185
3	124500	0.180

Price($)	Vol.	No.
0.205	31965	3
0.210	621239	3
0.220	6000	1
0.235	30000	1
0.250	7658	3

Last trade - 10.24am 19/06/2024 (20 minute delay)

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