No really big orders but a bit more trading none the less. Good to see some liquidity starting to return. Buy side is certainly growing.
Looks like people may be getting interested based on the quarterly giving some confidence that cashflow could be a reality in the short term.
I guess the bottom line is the company does not have a lot of shares on issue, apart from the convertible note there is no real debt, cash holding will see them through the next year at current burn rate and they are about to start processing the old timers waste dumps which we know can contain viable and economic grades of gold.
(I remember my days living in Kal that the company Kaltails made a good profit just doing this until the gold price fell out of bed).
Looking forward to the next update and worth a punt at these levels I reckon.
DYOR.
NME Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
