Simple Terms
$750,000 OR 25% Value/Costings (paid in NEW shares of course) to attain $3,000,000
+ the listing and legal fees for the placement.
Desperate Times, Call For Desperate Measures!
Lets just say now that there is approximately 1-1/2 months left to 1/4's end, and if going by the estimated cash flows for the 1/4 NTU are still short $4,155,000, and that is just for this 1/4.
But then they cried out, we have money coming in from sales, my guess/calcs 2,578 Kg X $8.00 = $20,624, wont go far helping the estimated 1/4 outflows of $8,655,000
How is production going this 1/4, I wonder?
Have they been able to produce >1% of their production target yet?
What will be the price paid per Kg for their already shipped 2,578 Kg?
What will be the COP per Kg?
Anyone seen another (price sensitive) shipment announcement yet?
imo NTU have a very good idea as to how much they will be receiving per/Kg for their carbonate, "WHY" not in simple terms, just come out and tell everyone, it will be in the next 1/4's cashflow report, unless they are on 360 day settlement terms.
If NTU were viable IMO, they would get the market and the punters excited with some good honest news. Why aren't they?
And how is that ATO issue is going? I can only assume that they are still in negotiations, but it is dragging out some what. Another loan Variation coming up maybe, another month of interest on $20 odd +/- million @14% (14%, page 62 last annual report). Or are they going to be left scrambling to find millions upon millions more for the Peter to Paul Tanami Desert Dream Story.
Remember Punters, NTU has already disclosed to the market that they need to obtain additional funds for the groups ability to continue as a going concern.
You can't say they didn't warn you!
Where are you Peter, NTU needs YOU!!!
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