It's certainly looking as though it may be terminal, any week now I would expect receivership to begin, no way on the planet it can get to the point it can release the half year as no auditor could possibly sign off on it, decision will have to be made as soon as auditors first lay eyes on the books, be very interesting to see who comes up with the resource.
I'm downgrading my sentiment to sell based on still not having sold any product, cash not coming in from anywhere, should have started receiving cash by now on sales, to receive cash quickly they may be able to sell product at a discount to receive faster payment terms but that wont help.
There is one of two problems at least, probably both:
1- production has still not been achieved
2- can't sell the product
Ps: I have assumed both problems exist as no "price sensitive announcements" have been made.
Pps: the fact they released this as "price sensitive" shows how desperate they are becoming:
- Release Date: 03/12/18 09:55
- Summary: NTU reaps benefits from exploration at Dazzler and Iceman
- Price Sensitive: Yes
- Download Document 1.52MB
