I hesitated on this post. First time to differ from Kfann (I like you posts Kfann).
NEA has significant cash and no debt.
So; far too soon to talk about capital raising i think.
If they need to raise $10m, then what is the cash on hand going to be used for? It is lazily sitting there!! [attracting 2% interest? ] Why keep the cash in Aus where NEA is cash flow positive. Start paying dividends? [not required or expected IMO]. My personal preference would be for NEA to push on with the cash and debt free balance sheet they have.
NEA Price at posting:
43.0¢ Sentiment: None Disclosure: Held
] Why keep the cash in Aus where NEA is cash flow positive. Start paying dividends? [not required or expected IMO]. My personal preference would be for NEA to push on with the cash and debt free balance sheet they have.
