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12.5% 0.5¢ new age exploration limited

No problem.Absolutely agree i.e risks of moving to production...

  1. Nodferatu
    3,482 Posts.
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    19/03/19
    12:32
    Post #: 37809225
    No problem.

    Absolutely agree i.e risks of moving to production and I think it was pretty predictable that these new guys didn't come on board for this type of play.

    As you say, hard to know the metrics of the figures they have seen, but quietly in my own mind I was hoping for a sale around $10m (circa $2 per tonne of NAE resource share) to really give them a boost and allow more options within the advanced project market and also some decent working capital to move forward with it.

    Who knows, maybe they have something pretty close to acquisition and need the funds quick? As you say, how they use the funds and how the market responds will be the deciding factor. Time will tell.


    Last edited by Nodferatu: 19/03/19
    NAE Price at posting: 0.7¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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