NAE
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12.5% 0.5¢ new age exploration limited

If you do the maths on the amount Nae need to contribute and the...

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  1. Kruiser
    3,947 Posts.
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    29/05/18
    15:15
    Post #: 33355135
    If you do the maths on the amount Nae need to contribute and the dilution down to 40% then it values our stake in Redmoor at about A$3m. Given the total market cap is $3.6m at 0.8c then it doesn’t make any sense for Gary to raise money and fund our share unless he can raise money at over 1.0c (if you assume Lochinvar and the she’ll company are worth a couple of million on their own). Might as well give up 10% and let strategic fund the drill program
    NAE Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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