Interesting announcement, always good to see a company adding assets and seeking to generate cash flow from them. But, I note a capital raise for $14M is announced with the current market cap being $13M. So they will ask us for money and also dilute our current holdings. The price will be 0.03 to 0.07 they say. I hope the strong gold price helps this be a higher number.
This is with the vendor provinding finance, but requiring a payment in December. A bit of a tight rope walk of things to happen to land this whole deal.
Ann: NMR acquires QLD gold projects in transformational deal, page-3
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Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $188.2M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.0¢ | $502.5K | 2.488M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 36000 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 117383 | 1 |
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| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| NMR (ASX) Chart |