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Ann: Spectacular Grade Intercepts at Redmoor Tin-Tungsten Project, page-70

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12/12/18

09:42

Post #: 36828687
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Originally posted by CornisKnocker ↑

Originally posted by Kruiser
Given the turn in the market selling lochinvar would have to be a long shot now. Though I do think they should sell it for whatever they can. The alternate might be a recapitalisation of the company and that would destroy the small amount of value left.

If they were offered cash for Redmoor (say $5-$10m) it would be hard to say no given their position. They should be considering all options here and this could be a pathway to better things

The only other option is to raise money on the back of a new project. Would have to be good though to give the share price a boost.

Tough to see how they will create value unless the market turns upward
The political situation in the UK is a nightmare at the moment, we don't know where we are going to end up. If the UK crashes out of the EU with no deal, it may bolster UK Steel production, as we will need to be more self reliant, so a domestic supply of coking coal will be a boon. Alternatively the economy will crash completely and we will lose what's left of our steel industry, in which case coking coal will be worthless here.

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Why would it crash? There are more ecomonies globally that dont rely on being a part of the EU than those that do.

NAE Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
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