NAE 16.7% 0.5¢ new age exploration limited

Ann: Redmoor 2018 Drilling Concludes with Exceptional Results, page-4

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  1. 3,947 Posts.
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    Current projects have not attracted any interest for many years.  New management now have there feet under the desk and need to start thinking about a new strategy.  Can’t continue to fund these projects with a $4m market cap.  Sell up and find something new IMO.  They should be able to update the scoping study for the new resource which is a good time to look for a buyer and cash out.  If they can cash out of all projects for around 10m in cash then they have a good chance of rewarding shareholders in the long term 
 
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