Australia's largest stock trading and investment forum Australia's #1 stock forum

NAE

Click for more information

0.00%

0.5¢ new age exploration limited

All signs so far point to Redmoor going well beyond delivering.

First 2 Last

Share
Profile

Follow
Subs

3,892 Posts.

945

28/06/17

15:25

Post #: 25542597
Share

Originally posted by Kruiser ↑

So they should have about $1.4m in the bank at the end of the quarter (ignore JV money as it will go into paying for drilling)

We can rule out a Lochinvar drill program, at $1.2m it would be irresponsible to spend money on this. If Redmoor results are amazing we can raise money at a higher price and continue to fund NAE’s 50% share of the costs but if Redmoor results are average but encouraging, then the $1.4m will need to go to Redmoor.

So Lochinvar is parked until a partner comes along (chances are slim) and NZ has yet to come up with any promising signs. So do they spend a bit of money kicking some more rocks around in NZ? Any results are unlikely to be meaningful and more money will be required anyway if they do come up with drill targets.

So unless Redmoor delivers it seems to me they need to look for a new project in order to raise some money.

Expand

All signs so far point to Redmoor going well beyond delivering.

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

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

HotCopper Highlights: Your most watched stocks for Week 48, 2024

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 23 more messages in this thread...

First 2 Last

Add NAE (ASX) to my watchlist

(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $7.175M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$1.158K	251.7K

Buyers (Bids)

No.	Vol.	Price($)
35	18768585	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	11288198	8

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 - 10.07am 29/11/2024 (20 minute delay)

NAE (ASX) Chart