That is really misleading. 15m is a provision for environmental cleanup and they have a 7.5m deferred payment due Dec '26, so that's 22.5m of your '30m' dusted. I mentioned before that they have enough cash to complete the current drilling programs. The drilling results of real interest (Vero) will not flow until mid year, so there is a fair bit of water to pass before then. If the market cap dips into10-15m range close enough to Vero results I think it is worth a punt. Would be great to make some money back from this sucker, but for me it needs to be a low risk entry as trust in the company isn't great.
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TNC
true north copper limited
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Ann: Becoming a substantial holder, page-12
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Last
44.0¢ |
Change
0.085(23.9%) |
Mkt cap ! $56.04M |
Open | High | Low | Value | Volume |
35.0¢ | 44.0¢ | 35.0¢ | $355.2K | 894.7K |
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PAR
PARADIGM BIOPHARMACEUTICALS LIMITED..
Paul Rennie, MD & Founder
Paul Rennie
MD & Founder
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