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19.5¢ nova minerals limited

given what you said, why would someone invest in this offering?

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a.soumakie

663 Posts.

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16/04/24

09:16

Post #: 73361156
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Originally posted by mickzed: ↑

If you invest in the ADSs in this offering, your ownership interest will be immediately diluted to the extent of the difference between the initial public offering price per ADS and the as adjusted net tangible book value per ordinary share or ADS immediately after this offering.

As of December 31, 2023, our historical net tangible book value was A$102,749,183 (or US$70,280,360), or A$0.49 (or US$0.33) per share based upon 210,889,961 shares of our common stock outstanding as of that date. Historical net tangible book value per share represents our total tangible assets less total liabilities, divided by the number of ordinary shares outstanding as of December 31, 2023.

How does everyone read into the above?

I read it as the offering will be above A$0.50

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given what you said, why would someone invest in this offering?

NVA Price at posting: 29.0¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 19.5¢		Change 0.000(0.00%)		Mkt cap ! $39.4M

Open	High	Low	Value	Volume
19.0¢	20.0¢	18.5¢	$46.95K	246.3K

Buyers (Bids)

No.	Vol.	Price($)
2	150026	19.0¢

Sellers (Offers)

Price($)	Vol.	No.
20.0¢	13003	2

View Market Depth

No.	Vol.	Price($)
2	150026	0.190
5	104907	0.185
2	120000	0.180
3	85000	0.175
3	142150	0.170

Price($)	Vol.	No.
0.200	13003	2
0.205	23001	3
0.210	1050000	1
0.220	49188	1
0.240	1792	1

Last trade - 15.15pm 06/06/2024 (20 minute delay)


Last 20.0¢			Change 0.000 ( 5.26 %)
Open	High		Low	Volume
18.5¢	20.0¢		18.0¢	61779
Last updated 15.15pm 06/06/2024 ?

NVA (ASX) Chart