At this stage let's assume the listing at $30m MC. $3.5m is raised through seed and flow on investors, which means the balance of $26.5m belongs to Snow Lake.
Of that $26.5, NVA owns 80% prior to the merger (assuming the merger will attribute the in-specie shares at that same ratio). So NVA share of snow lake is 80% x $26.5m which is $21.2m CAD or $22m AUD.
That in itself is more than NVA market cap at $20m, and valuing Estelle and Officer project at zero or negative value.
Hence, a rerate is on the way as the Canadian spin off listing firms up. Particularly if management can secure IPO MC higher than $30m cad MC
At this stage let's assume the listing at $30m MC. $3.5m is...
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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 |
