NML 0.00% 1.9¢ navarre minerals limited

Ann: Appointment of Voluntary Administrators, page-84

  1. 915 Posts.
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    Hard to say.

    CYL is only moderately (& temporarily) cashed up after a recent share purchase plan. If you deduct the >$12m in debt and the fact that they are still a loss making enterprise their available cash balance isn't that impressive.

    Then take into account that it's becoming a lot harder, as each month passes, to run CRs, CYL may we'll decide that they are in no position to acquire more non-productive assets.

    Fact is, liquidity has just evaporated in the space of a couple of months. All of these non-productive 'miners' will be $hitting themselves, wondering how they will continue to fund opex heading into '24/5 imo.


 
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