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12.5% 0.5¢ new age exploration limited

Ann: NAE Secures $1.6M to Develop Redmoor Tin & Tungsten Project, page-44

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  1. specgoldbug
    12,874 Posts.
    lightbulb Created with Sketch. 370
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    20/06/18
    21:53
    Post #: 33840462
    On the 26/5 quarterly NAE had $530k cash..... $230k outgoing....of which $230k was staff and admin....$30k exploration and evaluation ....

    Are you kidding me?

    Thats almost $1m a year on staff and admin on a $3.5m m/cap....

    If one truly digs deep and asks themselves...' is this being run in the best interest of the shareholder'.....

    fails the litmus test on so many levels....

    I don't even think Subs can create a valid counter-arguement to that....
    NAE Price at posting: 0.7¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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