A few key items from the Nth America presentation:
* Confirmation the quarter will be cashflow positive - (ie no need to draw down debt funds)
* Confirmation that they now have $100m debt facility available and only 20% drawn - so 80% available for liquidity and timing difference between production and sales
* Confidence in recoveries of +45% and still targeting 60% - with recent results hitting 51%
This stock is now not in need of equity raise and become self sufficient cash machine. INSTOs will love this and can't see shorts winning here.
NCZ Price at posting:
93.0¢ Sentiment: Buy Disclosure: Held
