Australia's largest stock trading and investment forum Australia's #1 stock forum

NVA

Click for more information

1.05%

23.5¢ nova minerals limited

Princey you cant say anything bad about management, it is all...

First 1992 Last

Share
Profile

Follow
timmy70

885 Posts.

213

08/05/24

18:26

Post #: 73732064
Share

Originally posted by princey37: ↑

12c raise for US$5 million is ~64 million shares = ~27% dilution. If this happens the entire management team needs to be sacked, tarred and feathered.

IMO if they need to get the listing done so we can get to fair value, then raise as little as possible, i.e. less than $1 million, tell the US investors to get stuffed, we have enough cash to scrape through for another 12 months. Project likely gets delayed but we wouldn't lose a third of the company for pocket change.

Expand

Princey you cant say anything bad about management, it is all Covid's fault.

NVA Price at posting: 24.0¢ Sentiment: Sell Disclosure: Held
Upvote

0 Great analysis

Reply

First 1992 Last

Add NVA (ASX) to my watchlist

(20min delay)
Last 23.5¢		Change -0.003(1.05%)		Mkt cap ! $50.04M

Open	High	Low	Value	Volume
23.0¢	24.5¢	23.0¢	$10.72K	45.73K

Buyers (Bids)

No.	Vol.	Price($)
8	236691	23.0¢

Sellers (Offers)

Price($)	Vol.	No.
24.5¢	20108	2

View Market Depth

No.	Vol.	Price($)
8	236691	0.230
2	6900	0.225
6	89908	0.220
1	16175	0.215
2	17000	0.200

Price($)	Vol.	No.
0.245	20108	2
0.250	1658	1
0.260	89537	3
0.265	1074555	4
0.270	49230	3

Last trade - 16.10pm 29/05/2024 (20 minute delay)


Last 23.0¢			Change -0.003 ( 0.00 %)
Open	High		Low	Volume
23.0¢	23.0¢		23.0¢	4193
Last updated 15.48pm 29/05/2024 ?

NVA (ASX) Chart