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Ann: Redmoor 2018 Resource Update, page-151

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Viper21

479 Posts.

18

30/04/18

13:30

Post #: 32767579
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Originally posted by blister ↑

Just on looking at the recent Qrtly, they have $530,000K on hand, are anticipating $274,000 outflows for the next quarter.... so roughly half... so we'd have 2 quarters before we'd be on the bread line. I'd assume a lot of news prior to needing to raise so it should be at a much higher SP. However, if you look at the market cap we could handle a fair bit of dilution before it became a problem. I'd probably welcome some more dilution as it would put a bit of liquidity into the SP... if I wanted to buy 200K worth right now I'd line wipe all the way up to 1.7c. which makes it hard for anyone to take big bites. So a smidge of liquidity might do us some good.

Not saying I want giant walls built up but it might be better to be able to do a bit of volume without re-rating the entire company its a balancing act.

Besides I never know why people get wierded out by CRs. that's the name of the game in this end of the town, imo.

Expand

Plenty of liquidity around, just no one wanting to buy up at the moment.

Once this begins to run more investors will jump on board in my opinion.

Was trading over $1M worth of trades per day at one stage but has died down abit since sentiment changed.
Won’t take much to push the SP back past 0.02

NAE Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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(20min delay)
Last 0.4¢		Change -0.001(11.1%)		Mkt cap ! $7.175M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$20K	5M

Buyers (Bids)

No.	Vol.	Price($)
38	19505374	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	11453156	6

View Market Depth

No.	Vol.	Price($)
2	2200000	0.006
9	8299899	0.005
6	3650000	0.004
3	2622888	0.003
3	4000100	0.002

Price($)	Vol.	No.
0.007	2536904	6
0.008	3066187	5
0.009	1057001	6
0.010	5904545	3
0.011	500000	1

Last trade - 10.06am 26/11/2024 (20 minute delay)

NAE (ASX) Chart