Need to see what the cap raise is, is it underwritten and by who. Hopefully they have learned some lessons from the scatter gun approach of the last campaign. Disappointing to see the resource definition not until end of 2nd qtr next year in place of >500,000 ounces by Xmas. They are saying multimillion ounces now but that seems a stretch. No details on Tandarra retention or jv signing. Kevin is supposed to be a corporate strategy guy, will need to be on his game to ensure Bruce Kay doesn’t bend them over again. Hopefully they can pull things together, NML is crazy cheap and has great potential but Vic gold is a tough tough gig.
NML Price at posting:
5.1¢ Sentiment: Hold Disclosure: Held
