Also priced at the top end $7.50
$24,642,855 raised divided by (2,857,143 shares offered + 428,571 overallotted) gives $7.50 per share
Demand for all things EV very strong and can very much see this moving up from here (rightly or wrongly). I say this because lead time to lithium production is atleast as long as mining the gold at Estelle, and from my long experience in lithium investment GXY, ORE, PLS, these operations take 2-3years from decision date and once producing the issues dont stop. I'm personally not convinced Snowlake is big enough to be next cab off the development rank, but very happy to be proven wrong.
180 days hold period will limit ability to cash in short term, but transparent value attributable to NVA will need to be reflected in NVA MktCap, question we all want to know is, will it make a difference. Ether way, i'm betting the gold will come out of the ground first while the timing of Lithium supply demand imbalance looks perfect for a sell down in Snow to fund much of the Gold development cost right when it is needed.
Get on board. GLTA
- Forums
- ASX - By Stock
- NVA
- Snow Lake Resources IPO Terms
Snow Lake Resources IPO Terms, page-108
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NVA (ASX) to my watchlist
(20min delay)
|
|||||
Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.59M |
Open | High | Low | Value | Volume |
20.0¢ | 20.3¢ | 19.0¢ | $23.09K | 117.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 99613 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 18135 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 97613 | 0.190 |
2 | 25000 | 0.180 |
1 | 25084 | 0.175 |
1 | 82150 | 0.170 |
2 | 103720 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 18135 | 1 |
0.205 | 48716 | 4 |
0.210 | 26806 | 3 |
0.215 | 20000 | 1 |
0.220 | 78128 | 2 |
Last trade - 14.46pm 05/06/2024 (20 minute delay) ? |
|
|||||
Last
20.0¢ |
  |
Change
0.000 ( 2.44 %) |
|||
Open | High | Low | Volume | ||
20.5¢ | 20.5¢ | 19.5¢ | 19488 | ||
Last updated 13.14pm 05/06/2024 ? |
Featured News
NVA (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
Previous Video
Next Video
SPONSORED BY The Market Online