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"2026-02-20 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 22, "slideType": "before_after", "function": "diagnose_problem", "notes": "Uses a before-after framing to contrast corporate messaging with public sentiment.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-d4bf05137ac7/22", "deckHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7#slide-22", "loopMatches": [], "arcBeatMatches": [ { "to": 23, "from": 10, "beatId": "36ae1fff-c175-4eca-b1bb-092a05a5d4ad", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in Nova Minerals' statements and actions", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { 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"36ae1fff-c175-4eca-b1bb-092a05a5d4ad", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in Nova Minerals' statements and actions", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-d4bf05137ac7", "docSlug": "e4c92966d8ab", "documentTitle": "Nova Minerals Limited (NVA)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2026-02-20 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 24, "slideType": "competitive_analysis", "function": "compare_peers", "notes": "The slide uses a 'villain' 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"expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a 'before-after' or 'contradiction' framing to highlight a discrepancy between a third party's claims and the target company's own disclosures.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-d4bf05137ac7/26", "deckHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7#slide-26", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-d4bf05137ac7", "docSlug": "e4c92966d8ab", "documentTitle": "Nova Minerals Limited (NVA)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2026-02-20 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 27, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses red arrows to visually link promotional logos to negative outcomes (stock charts and bankruptcy notice).", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-d4bf05137ac7/27", "deckHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7#slide-27", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-d4bf05137ac7", "docSlug": "e4c92966d8ab", "documentTitle": "Nova Minerals Limited (NVA)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short 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"documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2026-02-20 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 33, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a table-like structure to map individuals to specific allegations of misconduct or governance failures.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-d4bf05137ac7/33", "deckHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7#slide-33", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-d4bf05137ac7", "docSlug": "e4c92966d8ab", "documentTitle": "Nova Minerals Limited (NVA)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2026-02-20 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 34, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses screenshots of regulatory filings and media releases to establish a negative track record for the company's historical leadership.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-d4bf05137ac7/34", "deckHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7#slide-34", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-d4bf05137ac7", "docSlug": "e4c92966d8ab", "documentTitle": "Nova 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"019dd923-622c-750b-8b99-d4bf05137ac7", "docSlug": "e4c92966d8ab", "documentTitle": "Nova Minerals Limited (NVA)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2026-02-20 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 36, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses red boxes and arrows to highlight specific data points in a table and text block to build a narrative of hidden control.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-d4bf05137ac7/36", "deckHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7#slide-36", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-d4bf05137ac7", "docSlug": "e4c92966d8ab", "documentTitle": "Nova Minerals Limited (NVA)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2026-02-20 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 37, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses visual arrows to connect the address in the proxy statement to the SEC filing for Kibush.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-d4bf05137ac7/37", "deckHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7#slide-37", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-d4bf05137ac7", "docSlug": "e4c92966d8ab", "documentTitle": "Nova Minerals Limited (NVA)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2026-02-20 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 38, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses red arrows to visually link the address and name between two different corporate documents.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-d4bf05137ac7/38", "deckHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7#slide-38", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-d4bf05137ac7", "docSlug": "e4c92966d8ab", "documentTitle": "Nova Minerals Limited (NVA)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2026-02-20 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 39, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses red boxes to highlight specific contradictory text in source documents.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-d4bf05137ac7/39", "deckHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7#slide-39", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b99-d4bf05137ac7", "docSlug": "e4c92966d8ab", "documentTitle": "Nova Minerals Limited (NVA)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2026-02-20 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 40, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a combination of narrative analysis and direct quotes to contrast the company's stated pivot to construction with the loss of its primary construction lead.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b99-d4bf05137ac7/40", "deckHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-d4bf05137ac7#slide-40", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true } ] }