Hi S
personally I think they should take advantage of the market bullishness to raise, its trading at a huge forward PE, management is more nimble, but Gold price is low but market is currently positive,,,,,,,,,,raise it all, get rid of all the debt plus put more money in the bank to have on hand to develop and finish projects to enable it to immediately capitalise on the Gold price the minute it moves convincingly north, remove all of the increased interest charges to reinstate a dividend, credit rating improves,,,,,,that should be reality easy to sell to the market i would have thought, market will forget about the dilution eventually, but company will have a super strong balance sheet, better management, have spare capacity, credit rating gets off floor, company get out in front of the eight ball and onto the front foot,,,,,,,,,,,in the medium term that could be very good for the share price after the initial jolt, it was last time,
NCM Price at posting:
$10.77 Sentiment: Hold Disclosure: Held