NVA 4.17% 25.0¢ nova minerals limited

I see maths and research arent your strong suit.The options...

  1. 102 Posts.
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    I see maths and research arent your strong suit.

    The options issues were pre the share consolidation. So need to divide by 10 on the shares issued and multiply the price by 10.

    61,000,000 options at $0.04 become 6,100,000 options at $0.40, so at current price $0.82 results in maximum gain on these options at around $2.5m (nothing like $60m)

    Nothing to sneeze at, sure, but you also fail to note that the these shares were issued after approval of shareholders at the AGM per the notice of AGM on the 8th August 2019:
    https://hotcopper.com.au/data/attachments/4607/4607062-358f494817391d319141ff7844024d17.jpg
    So shareholders on the day of being notified had an expectation of minmum 48% incentive return before these became of value to Directors/Management. Alignment of shareholder and management interests is not new, not innovative and not unexpected. You can cry all you like that you arent them, but you too have the opportunity to start a company and do the same, or you can sit, like me, in the comfort of our home or office and let them do the work taking these risks and putting in the effort and getting rewarded (risk/reward).

    The raise in July 2019 at $0.02 was for a mere $2m to get this whole Estelle project going. We eat through that every 2 weeks at current drilling rates and the value of the company is many times what it was then.

    I'm happy I saw the value back then as the directors and management did. If they get rich, I do too.

    By the looks of your sentiment and position, you are upset because patience isn't your thing and/or you have so much spare time you ought be looking for a job now to make up for the losses you have experienced in the past. Get on board or move along, your not saving me from this great opportunity.
    Last edited by straw_woods: typo 19/08/22
 
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