IMO It's beyond me why anyone would hold this let alone buy it.
Today's announcement meant nothing except for spelling out the $5m debt facility is not available (as if that was a surprise), and it's clear the company is trying to raise money right now. As such if its through equity it is surely going down and the alternative is probably a convertible note which I think could be even worse or even worse still a "loan to own".
There was no clarity provided regarding debt covenants, Stavely's contract payout - no further detail on anything basically.
IMO the company needs $6 or $7 million to clear the decks and give themselves some breathing room. $6m at 0.006 is a billion shares. This is where hyperinflation kicks in.
IMO to avoid administration a total set is required which won't be good for any shareholder unfortunately.
WW
- Forums
- ASX - By Stock
- NRZ
- Ann: Amended Appendix 5B
Ann: Amended Appendix 5B, page-16
-
-
- There are more pages in this discussion • 33 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 NRZ (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.001(33.3%) |
Mkt cap ! $8.724M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $119.5K | 39.68M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 26831543 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 37730984 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 5953333 | 0.003 |
56 | 85718098 | 0.002 |
19 | 84305000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 37730984 | 18 |
0.005 | 5417674 | 16 |
0.006 | 5189020 | 8 |
0.007 | 641000 | 1 |
0.009 | 300000 | 1 |
Last trade - 10.21am 13/09/2024 (20 minute delay) ? |
Featured News
NRZ (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online