Where's the DD disclosure? This looks like a massive gamble without some idea of were they are going to start mining. There's probably a good reason that RCF couldn't get this stuff up & mining during a higher gold price?!? They sunk heaps $$$ into it by the look of it.
So how's the capital structure going to look? After this project is 51% bought then companies merged (wtf?!?) then add the inevitable capital raise I reckon NTM might have about 700M shares on issue! A 2.75:1 merger means another 90M NTM shares to RCF right? Plus a capital raise to fund any mining strategy, say $5M@1c. That'll put some weight on the register...
What about the manganese? They'll forget about the too-hard NT manganese stuff now for sure.
Looks like the NTM directors were pretty keen to issue some shares. NTM should've just payed us out 2.8c a share when the NT government gave us the $2.8M compo & shut the bloody door.
Do we get a vote on this or what? Strewth.
Hardrock.
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $4.069M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $140 | 70.05K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 10253196 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 160000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 8062787 | 0.003 |
5 | 4864166 | 0.002 |
4 | 7133333 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 967895 | 2 |
0.006 | 1791324 | 7 |
0.007 | 1582000 | 2 |
0.008 | 997545 | 1 |
0.009 | 1850000 | 1 |
Last trade - 13.20pm 27/11/2024 (20 minute delay) ? |
NTM (ASX) Chart |