Why does NME need to raise funds, they have $764k sitting in the bank accounts.
Now the takeover has failed and MCT needs to wait another 6 months before they can try again, I am sure NME management will be able to promote the company and get the tailings project up and running,
If they can generate any revenue from processing the tailings it will be very positive for shareholders and provide the company with much-needed funds.
NME Price at posting:
3.6¢ Sentiment: None Disclosure: Not Held
