Agree ampl, well said. Provided the price is right and $ not OTT this could be be a good move by the company. It may also signal that the directors are looking to ratchet things up further on the drilling front.
NTM was virtually running on empty from a cash position so we all should have known the placement was in the wings. It could be suggested that the directors should wait until initial results were in, but this would have been reckless if funding was on offer.
Let's also hope that the company has also secured some much needed broker support as part of this process so that we can see some liquidity in the market. Having strong supporters not selling is great but we need a bit of action to attract others.
NTM Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held
