Careful what you wish for Da Whip. Iron Ore players have been...

Careful what you wish for Da Whip.

Iron Ore players have been smashed the past few weeks. Being in a halt may have been a blessing. (as lame as that sounds)

The company clearly isnt particularly complicated in a financial sense and producing a set of accounts shouldnt be all that tricky. You'd have to wonder if NMDC hadn't deposited the Rights Issue Funds. Short term liabilities would have outweighed available cash IMO. Hence no Auditor in their right mind would have signed off on the accounts as a going concern.

This could get whacked once trading resumes. $17M market cap looks rich in the current environment for an outfit whose actions don't come within cooee of their grand announcements. Sadly.

GLTA.