I don't know if NML can afford to continue to develop its share of Tandarra as well as fund Stawell/Irvine. As well Tandarra will not be the first mined on the W Fault. It will probably be Boyds Dam. NML is really bad at negotiations. Tandarra will be a cashflow noose for NML. A Theory could be that this is why someone is holding back NML price so that any funded drill campaign will severely dilute it and maybe its better to exit. This is why i am saying give CYL 80% of Tandara for a DFS
I don't know if NML can afford to continue to develop its share...
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Last
$2.62 |
Change
-0.070(2.60%) |
Mkt cap ! $598.3M | |||
| Open | High | Low | Value | Volume |
| $2.71 | $2.74 | $2.50 | $3.360M | 1.290M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12552 | $2.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.64 | 9447 | 3 |
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| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| CYL (ASX) Chart |
