Contrarian Corpus
Spruce Point Capital vs. Nova Minerals Limited

Nova Minerals Limited · NVA

1 deck published between 2026-02-20 and 2026-02-20 — 61 pages, 61 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2026-02-20 initial thesis

    2026 02 69985b8008ed3d518c2ca452_nva_research_thesis_2 20 2026

    61pp · full_deck

    Nova Minerals' 'Qualified Person' geologist can't be verified to have graduated, management ties to market-manipulation figures, and shares trade at 48.7x resources vs 18.8x peer median — 45-60% downside, up to 100%.