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Ann: MCT Takeover of NME - Dispatch of Letter to NME Shareholders, page-26

  1. mornington
    1,250 Posts.
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    11/12/21
    16:57
    Post #: 58233172
    As the only viable asset of NME is the JV with MCT and you have a negative cash position,how could that company contribute on a pro-rata basis to that JV when funds are due.
    The external auditors did raise their doubts that NME was able to continue as a viable concern.Hence the long suspension.
    MCT Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 16  Upvote
    lightbulb Created with Sketch.  Great analysis
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