NAE 12.5% 0.5¢ new age exploration limited

Ann: Positive Redmoor Study Results & Re-commencement of drilling, page-74

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  1. 270 Posts.
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    "I don’t see funding coming from a Lochinvar deal, unless the project is sold entirely. A JV partner would not want their money going to another project knowing that we are not cashflow positive and would seek further funding in the future."

    I was of the same opinion as you not that long ago.
    But working funds are our biggest problem. Redmoor is looking to be able to get to the finish line a fair bit quicker than Lochinvar, so I'm sorry but I'm keen to get one over the line and not stall and lose our way on two. Maybe Gary can sell Lochinvar with a bit of royalty payment locked in for us? That would be a good out and get us back into pushing Redmoor along.
 
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