Hi ans25.
$1.1m in cash as at Sep 23
$300k spend per quarter (see last cashflow report)
So balance today must be $1m
Next month they spend an extra $150k on the gold exploration.
So say $750k left in 1 months time.
Many months worth.
BUT also $1.5m is due by Feb from JV partner!
NAEs last raise was for $150k so they don't like diluting at these prices which is why there are only 340m shares on issue.
So plenty of cash left for this low cost outfit. but once we announce a drill program for the huge gold prospect then cash will probably be needed. But with so much price moving news due soon who knows what price they will raise at.
It could be at 4 cents or higher.
Good luck to where you enter. I hope you get onboard before we move.
- Forums
- ASX - By Stock
- NAE
- As exciting as it gets
As exciting as it gets, page-52
-
-
- There are more pages in this discussion • 136 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 NAE (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.175M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $6.18K | 1.536M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1207245 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 25327472 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1207245 | 0.004 |
36 | 26005890 | 0.003 |
19 | 26410099 | 0.002 |
11 | 41400000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 25327472 | 24 |
0.006 | 9981130 | 9 |
0.007 | 5223902 | 4 |
0.008 | 3530010 | 6 |
0.009 | 1864139 | 13 |
Last trade - 14.53pm 12/07/2024 (20 minute delay) ? |
Featured News
NAE (ASX) Chart |