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4.88%

21.5¢ nova minerals limited

Hmmm issue more shares so you can buy the shares you issued.......

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Roddy66

64 Posts.

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02/02/19

11:17

Post #: 37308247
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Originally posted by Phantom13 ↑

Originally posted by serena
I did explain it. Bad luck, you did not read my posts regarding the buyback in the US.

In the US, it is allowed to buyback the shares on the market and put it as a Treasury stock, and then re-sell it on the market when the share price has gone up. So the company still obtain the money from selling the Treasury stock.

In Australia, when the company buys back the shares, it must be cancelled and the buyback shares can not be sold back on the market.

Look at the NVA situation.

Buyback by NVA is used the money which had been raised from the issuance of new shares to investors. So buyback money will reduce cash in bank which is orignally allocated for exploration. In the case of NVA buyback, the money is not from FREE CASH FLOWS or surplus cash in the bank.

If the company needs more money for exploration, they need to issue new shares to investors again and pay for the placement fee.

WOW is serena for real?? First one on my IGNORE LIST

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Hmmm issue more shares so you can buy the shares you issued....
I think the logic from an old quote applies here.
"Like standing in a bucket and trying to lift yourself"

NVA Price at posting: 1.9¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 21.5¢		Change 0.010(4.88%)		Mkt cap ! $38.96M

Open	High	Low	Value	Volume
21.0¢	22.0¢	21.0¢	$46.44K	217.0K

Buyers (Bids)

No.	Vol.	Price($)
1	50000	21.5¢

Sellers (Offers)

Price($)	Vol.	No.
22.0¢	24951	4

View Market Depth

No.	Vol.	Price($)
3	91898	0.155
5	95167	0.150
3	103384	0.145
3	320000	0.140
3	49358	0.135

Price($)	Vol.	No.
0.165	66000	1
0.170	20036	1
0.175	10000	1
0.180	38701	5
0.185	5555	2

Last trade - 16.10pm 25/11/2024 (20 minute delay)

NVA (ASX) Chart

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