Ann: MIN: Mt Marion Project-pricing for quarter ended 31 March 19, page-14

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miangel1

260 Posts.

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08/02/19

13:25

Post #: 37376490
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Originally posted by Loophole1: ↑

As a long and heavy holder I fully understand the frustrations here, on paper value the drop from mid 40’s down to today’s price for me is a very significant amount of money, however read treefern post, NMT will not grow sitting collecting income from their stake in MM. The price of spodumene is falling and the big money is the downstream processing, how are NMT to fund the Lioh plant?
If they ask bank for match funding the bank will ask NMT to cough $100m and until that cash is in the NMT bank they can’t move forward.
I see this as a transition point we need this cash in before moving forward and can’t move forward until it’s in so for now we get little news on funding partners for Lioh and other projects and the share price drifts.
Once cash is banked it gives the ability to go strike deals that take NMT up a gear, we can either sell out or sit tight, I’m for sitting tight $130m is a lot of money at current burn rate management would take some 15yrs to spend it if doing nothing, will NMT do nothing once they get the cash? I don’t think so, Loop.

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Well given that soon they will have cash of around $130mil or nearly 24cents per share (based on 544Mill shares) i am hoping that the downside is limited.
I agree that the board has been over promising and under delivering but the future is promising with plenty of cash and no value recognized for any of their projects.
I will wait and see what the future holds - good luck to long term holders.

NMT Price at posting: 20.5¢ Sentiment: Hold Disclosure: Held
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Last 8.1¢		Change -0.003(3.57%)		Mkt cap ! $50.48M

Open	High	Low	Value	Volume
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Ann: MIN: Mt Marion Project-pricing for quarter ended 31 March 19, page-14

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Ann: MIN: Mt Marion Project-pricing for quarter ended 31 March 19, page-14

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