Each shareholder will be called on individually to contribute their percentage.
Ellison will not be giving anybody a free lunch.
and besides NWE have only closer to 20 million left in cash reserves.
They require 14 million to pay for there e
nd of funding plus contingency plus being able to pay remaining bills as and when they fall due.
so will definitely need funding.
but who knows maybe Ellison might be so generous to offer them emergency funding to help them out !
The market is already factoring in the need for a capital raise as evidenced by the disconnect between Min and NWE shareprices.
NWE owes 8 million to Mineral Resources, page-7
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Last
$57.88 |
Change
0.980(1.72%) |
Mkt cap ! $11.37B | |||
| Open | High | Low | Value | Volume |
| $56.90 | $58.58 | $56.80 | $33.55M | 577.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 291 | $57.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $57.88 | 4279 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MIN (ASX) Chart |