NVA 6.52% 24.5¢ nova minerals limited

At this price point they could absorb up to 25 mil shares off...

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  1. 286 Posts.
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    At this price point they could absorb up to 25 mil shares off the registry. So reduce dilution by about 3.2%. As they have to buy no higher than last 5 days VWAP I think they will provide more of a base as opposed to punching the price higher. I guess this means the bottom is in ( till the 25mil shares are absorbed anyway). I guess if anyone wants in they will have to buy a pip higher which I assume will push the 5 day VWAP up slowly, which in turn should see the sp climb slowly into the end of the year. A bit of news flow wouldn't go astray either. Anyway, I am happy with this plan. Managment with their. $500 k buy in at 3.2 would probably like to see the price at least back around these levels. Good call management. Just sit back and watch now.
 
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Last
24.5¢
Change
0.015(6.52%)
Mkt cap ! $38.96M
Open High Low Value Volume
24.5¢ 24.5¢ 22.5¢ $57.69K 245.7K

Buyers (Bids)

No. Vol. Price($)
1 63405 23.5¢
 

Sellers (Offers)

Price($) Vol. No.
24.5¢ 49999 1
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Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
NVA (ASX) Chart
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