Ann: AGM 2022 Presentation, page-26

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Exised

6,134 Posts.

2845

07/12/22

16:34

Post #: 65202041
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Originally posted by Gwaihir: ↑

Great to hear from you Exised, and I always value your opinion and judgement.

I'm not sure what is going to happen here, it's so quiet, and they've never managed a mine before.

According to the last quarterly, they also have very little funds remaining, which means little drilling.

I'd hate to see the little fella go down though.

It's increasingly looking problematic, and if they can't get the $7 million debt organized, they may try one last desperate attempt to survive by raising at around 3 cents.

They do seem to be a sleepy bunch at times, and maybe should have been more proactive by selling one of their projects.

I'd expect EVN will come to the party on the environmental bonds, eventually.

They may even have to put Mt Carlton up for sale. It wouldn't surprise me, but it would sadden me.

Shareholders desperately need news.

Gw

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Last quarterly was uninspiring
NML has cashflow issues that is why it is cheap! A CR is certainly in books (see last point below) but knowing how the last one in went I doubt they are that stupid. NML needs a new CFO as discussed in Post #: 61754763 and Post #: 61756833 Paul Hissey is not the right man for the job... For me at least all this risk is now priced in. That is why I'm back.

I know it is cold comfort to shareholders... So size your NML holding appropriately!

NML Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
5 Upvote

1 Great analysis

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