Gonna be a slow burn IMO but I like the fact they bought their own drill rig, haven’t seen that from any of the other juniors I’ve dabbled in. Should be well utilised over the next little while but there’s also potential to dry lease it out when it’s not in use to mitigate some of the cash burn from corporate overheads etc.
Nevertheless think we will see another cap raise early next year. They had $2m cash end of September so assume at least $0.5m has been chewed up since then including the drill rig purchase. With drilling ongoing into January they’ll want to re-raise again mid to late 1Q next year IMO. Hopefully they do it as a renounceable rights issue again, not a structure you see often at this end of town.
- Forums
- ASX - By Stock
- NES
- Ann: Maiden Diamond Drill Campaign Commences at Woodline Project
Ann: Maiden Diamond Drill Campaign Commences at Woodline Project, page-3
-
-
- There are more pages in this discussion • 1 more message 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 NES (ASX) to my watchlist
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.840M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $825 | 275K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 25035109 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 1441002 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 25035109 | 0.002 |
16 | 31125549 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 1441002 | 3 |
0.004 | 4615993 | 12 |
0.005 | 6000482 | 6 |
0.006 | 2838351 | 4 |
0.007 | 2375881 | 3 |
Last trade - 10.19am 29/07/2024 (20 minute delay) ? |
Featured News
NES (ASX) Chart |