NVA Directors Credentials, page-3

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Guemar

2,437 Posts.

2019

14/01/18

23:46

Post #: 30296987
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Originally posted by jas626 ↑

well so far I'm very pleased with management and is a big reason I brought in.
here is just a run down of what I have liked to see.

- MR Kimelman brought 5 million shares in the placement @ 2 cents worth 100k
shows big confidence to me, know holds 47 million shares or 7% of NVA

- the new director Simens with 24 million shares and 4 million options

- management raised enough ($4 million) to complete a good drilling program

- Management were smart enough to sign a MOU with FAR resources to exchange knowledge of the Thompson's lithium project.

- Management withdraw from resolutions 7 and 8 meaning directors remuneration will be in direct comparison with future performance of the company. to me they must think very highly of the project and that it will do well for them and shareholders.

- but their best move was repricing the last CR from .0055c a share to 2.05 cents a share, very rarely do you see this absolutely brilliant for shareholders

so all up I'm very impressed on how they are going, its clear to me they think the company are still undervalued and seem confident with the upcoming drill program to prove up a very nice compliant JORC.

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Good to see they are voting with their feet (buying shares) and that they have been able to raise some money. In fairness, so have others before though. Seems to be the easy part in this game, at least early on.

Having a demonstrated and published good track record is still essential.

jas' post has turned on the alarm bells big time for me - until we can find better info.

NVA Price at posting: 5.7¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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