According to the press release progress is being made on the crusher but I am not sure if they have all the parts because they have not mentioned the release of parts from Customs. I wonder if they have got the pieces from other sources, which is why things are now progressing on this front.
My take is that if the crusher is operational along with all other plant then they should be able to limp along from their mining operations until they access ore from the main pit.
BBY would not have supported the capital raising if they thought NMG was likely to fail. The problem is that NMG would now have a heap of outstanding bills to meet plus the $3m quarterly loan repayment.
It looks like selling below the latest capital raising price will continue for most of the next few days. I jumped the gun a bit by buying early.
loki
Ann: NMG completes $20m placement , page-8
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Last
$1.09 |
Change
0.000(0.00%) |
Mkt cap ! $332.2M | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.11 | $1.09 | $281.8K | 257.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24999 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 2951 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ACF (ASX) Chart |