Not sure I can pull many positives out of the quarterly other than they have managed to keep cash burn in check. Just hoping for the best with the Redmoor results because Lochinvar and NZ Gold look to be a long way off from delivering any sort of value. Interestingly they have suggested a Lochinvar deal will require shareholder approval, my only guess is that this is because it involves issuing equity (which is not a good outcome at these prices).
Once again the share price moved before the announcement and it was quite obvious someone was informed well before the market… becoming a defining feature of NAE and its management team unfortunately
NAE Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
