On the NE front there is a startling revelation and some real news.
“Currently exploring possible all options to unlock value for shareholders, including a separate listing.” I would have thought that exercise would have been undertaken well before they put NE up for sale, or a deal, over all these years. Perhaps, they meant to say yet again exploring …. No news of interested buyers, last mentioned more than a year ago.
It now looks like they will not wait until the annual report is released to reveal the updated resource estimate for publishing in Q2 FY25 (not24), presumably.
A lot of money has already been thrown at this project .Management’s credibility will be on the line yet again by “revisiting historical data to plan a targeted exploration program, including investigating gold endowment. ”It might prove worthwhile, what hopefully is not a too costly risk, given much stronger precious metal prices. Given the track record to date, it would be wise not to expect that much value to be unveiled.
Ann: 2024 Diggers and Dealers Presentation, page-13
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Last
$1.51 |
Change
0.040(2.72%) |
Mkt cap ! $384.0M | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.53 | $1.47 | $1.005M | 671.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2518 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 35186 | 3 |
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| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| KCN (ASX) Chart |