NAE 12.5% 0.5¢ new age exploration limited

Cash is not really a problem in my opinion. I remember first...

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  1. 479 Posts.
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    Cash is not really a problem in my opinion. I remember first buying in when the company had only about 200k-400k in the bank. Everyone held off buying at the time waiting for a CR. Managment secured funding at a premium and many missed out on redicously cheap shares.

    Mangemant have mentioned that they will secure funding as they have previously done in the past if necessary. Not sure if this means going back to RCF for a loan or using another institution in exchange for shares. I just hope they don’t go back to the market again as that will not end well

    Selling Lochinvar may fast track Redmoor, but I think we would be better off obtaining a % of the project while a much larger partner drives it. It has a NPV of $400m+ USD, so even securing 20% would be better off then selling for a couple million at the moment. If they can get decent money for the project now then maybe it may be worth selling
 
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