NTU 0.00% 2.0¢ northern minerals limited

This thing is totally pumped on paper, still holding a mkt cap...

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  1. 15,535 Posts.
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    This thing is totally pumped on paper, still holding a mkt cap just under $100M with 1.1bn SOI.

    Oct 2016, just 19 months ago it was less than half that @ 498M >

    Pages from 16NTU_1477624225.jpg

    Oct 2017, just 7 months ago @ 708M >

    Pages from 6A857748_NTU.jpg

    The 3yr "pilot" is an acknowledged loss maker, totally reliant on 40/45% taxpayer funding according to Argonaut, any future development dependent DyO values virtually doubling, as China adds 40% volume to production quotas, yet the mkt cap has continued to inflate as SOI have more than doubled in 19 months?

    Remains a total mystery how such massive printing of stock has pumped the mkt cap to these levels, with no prospects vaguely in sight for positive cash flow, or even a credible business plan.
 
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Last
2.0¢
Change
0.000(0.00%)
Mkt cap ! $135.9M
Open High Low Value Volume
2.0¢ 2.2¢ 2.0¢ $90.27K 4.348M

Buyers (Bids)

No. Vol. Price($)
22 8356361 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 5218956 13
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Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
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