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.
- Forums
- ASX - By Stock
- NML
- Ann: Appointment of Voluntary Administrators
Ann: Appointment of Voluntary Administrators, page-84
-
-
- There are more pages in this discussion • 58 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NML (ASX) to my watchlist
|
|||||
Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.55M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
NML (ASX) Chart |
Day chart unavailable