NML 4.76% 10.0¢ navarre minerals limited

Things are getting pretty crazy. CYL (our JV partner at...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,603 Posts.
    lightbulb Created with Sketch. 280
    Things are getting pretty crazy. CYL (our JV partner at Tandarra) still has to spend >$1.0m by September next year or lose their 51%. They are capitalized at $48m yet their only other asset is the Gina JV that she is buying half of by spending $4.2m

    NML has about $1.5m cash plus some Vic Govt funding plus 100% of the very prospective Irvine project that has potential for significant gold plus some existing shallow resource already found yet we're valued at $9.77m

    Meanwhile, Kirkland Lake (who is NML's largeest shareholder) has found BILLIONS of $$$$ of extremely high grade gold at Fosterville in a parallel structure (I think) to Tandarra.

    Everytime I think this should EXPLODE upwards, it goes the other way so.....

    SELL, SELL, SELL. I reckon its going to drop to negatives....

    (lets see if this works). Good luck all, DYOR (but it may send you nuts).
 
watchlist Created with Sketch. Add NML (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.