- The company has added a cash-flowing royalty to its portfolio, but its G&A expenses are about 3 times higher than its revenues.
- With just $1.5 million in the bank as of May 24, it seems that a large capital increase by the end of 2022 is inevitable.
- However, copper prices are falling as the recession fears are growing around the world.
- I think that there could be significant stock dilution here and that risk-averse investors should avoid Nova Royalty stock.
For further details see:
Nova Royalty: Funding Needs And Falling Copper Prices Are A Bad Combination