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20.5¢ nova minerals limited

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

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timmy70

904 Posts.

218

08/05/24

18:26

Post #: 73732064
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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.

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

NVA Price at posting: 24.0¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 20.5¢		Change 0.000(0.00%)		Mkt cap ! $44.08M

Open	High	Low	Value	Volume
20.0¢	20.5¢	20.0¢	$17.21K	84.04K

Buyers (Bids)

No.	Vol.	Price($)
2	21978	20.0¢

Sellers (Offers)

Price($)	Vol.	No.
20.5¢	15371	1

View Market Depth

No.	Vol.	Price($)
2	21978	0.200
2	200850	0.195
2	19400	0.190
4	99545	0.185
4	40055	0.180

Price($)	Vol.	No.
0.205	15371	1
0.210	4499	2
0.220	6000	1
0.240	1792	1
0.245	12068	1

Last trade - 11.04am 12/06/2024 (20 minute delay)

NVA (ASX) Chart