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
If you do the maths on the amount Nae need to contribute and the...
-
- There are more pages in this discussion • 76 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NAE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.175M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 19454575 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 9763372 | 5 |
View Market Depth
| Last trade - 16.12pm 25/11/2024 (20 minute delay) ? |
| NAE (ASX) Chart |
Day chart unavailable
