a bit more info in relation to my tip on NVA as I was busy I did not go to in depth as I usually would so apologies for that.
NVA
- also worth noting that the same day the directors top up ( 23rd of march)
is the same day they appoint strategist advisors with 50 years experience with ASIA links to the Chinese market
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Over the past couple of years LSIA has placed a special emphasis of working with battery metals including lithium. LSIA has established a clear successful and track record for advising lithium producers and developers for off-take, joint-venture partnerships and investment in Asia. LSIA has joined Nova as part of its Thompson Brothers lithium project development strategy.
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The objective is to secure binding off-take agreements, partnership agreements, investment agreements and/or joint venture agreements with industry leaders in the Asian and North American lithium battery sector.
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Asia is absolutely key to development of the global lithium industry. Most new battery facilities under construction are located in Asia and are considered as a critical pathway for Nova’s development strategy and future success to have strong relationships with Asian lithium end-users and other industry groups. Appointing LSIA as our Strategic Advisor is another key step of the Company’s development strategy. The initial remuneration structure for the engagement is the issue of 1.5 million NVAO listed options and one-off retainer fee payment for all expenses incurred by LSIA. The milestone remuneration structure for the engagement is weighted toward equity incentives at an
exercise price equal to 150% of the average 20-day volume weighted average price of the share on ASX immediately prior to the relevant Milestone
# imho the market has total overlooked the significance of this partnership for NVA
if NVA can get a binding heads of agreement with a large Chinese company for NVA lithium
expect a massive re rate to happen.
simular situation would be when ASN were at 3 cents and signed a mou the SP went up to 30 cents ( 10 bags within a few months) and the difference is NVA already has a lithium resource so is much less de risked than ASN was and they hit a 100 million MC,
although the lithium market has soften in recent times, the demand is only going to increase in the short and long term.
also if LSIA are happy with 1.5 million in options @ 1.8 cents at current trading is
only approx. $27k and zero cash consideration then one would come to the conclusion they were extremely bullish about NVA going forward and confident of much higher prices in the future.
and I would speculate they would probably have a few company's in china already very interested in NVA prospects, and they probably mentioned this to NVA board members hence the reason they were happy to top up. just imo dyor.
(20min delay)