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Ann: Redmoor Tin Tungsten Project Update, page-35

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02/08/17

11:34

Post #: 26236638
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Originally posted by Kruiser ↑

A change of direction is certainly needed….the company can’t bank on Redmoor as it’s out of their hands. It angers me to see that the MD and Chair of NAE were doing a site visit at Redmoor, this is a complete waste of money and is typical of a management team that have no skin in the game.

NAE has a $3.6m market cap with $2m in the bank so its back a shell value. I have said time and time again that the market thinks Lochinvar is marginal at best so why not offload it….its all upside for current shareholders. Alternatively get someone to earn in to it (even if we gave 50% away for a couple of million into the project, it’s a miles better outcome than a capital raising). Going it alone is not an option unless its value is better reflected in the share price and Gary needs to get his head around this (he missed his chance to raise money for drilling when they did the cap raising at 2c).

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Gary the goose has either no idea, or is facilitating an external take over imho

NAE Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
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Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $7.175M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$1.158K	251.7K

Buyers (Bids)

No.	Vol.	Price($)
35	18768585	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	11288198	8

View Market Depth

No.	Vol.	Price($)
2	2200000	0.006
9	8299899	0.005
6	3650000	0.004
3	2622888	0.003
3	4000100	0.002

Price($)	Vol.	No.
0.007	2536904	6
0.008	3066187	5
0.009	1057001	6
0.010	5904545	3
0.011	500000	1

Last trade - 10.07am 29/11/2024 (20 minute delay)

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