If I had to guess I'd say they screwed up the Mt Carlton sale terms. Seems EVN pulled out a lot or gold(comparing Dec Qtr to Mar Qtr) just prior to the hand over and the balancing payment of $11M caught them out. Seems there should possibly have been a corresponding change to the purch price - did the final negotiation drag on longer than expected? $11M pmt to EVN v Similar to raise amount. The reason given, to accelerate drilling, to my mind is just an poor attempt to redirect attention from the trouble they've made for themselves. Nobody would raise in the current market unless absolutely necessary - finances must be really tight.
- Forums
- ASX - By Stock
- Ann: $4.5M raised to accelerate drilling at Mt Carlton
If I had to guess I'd say they screwed up the Mt Carlton sale...
-
- There are more pages in this discussion • 34 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 NML (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.55M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
NML (ASX) Chart |
Day chart unavailable