Ann: Quarterly Activities & Cashflow Report, page-41

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Grug57

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31/07/17

15:28

Post #: 26188578
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Originally posted by oxxa23 ↑

i realise you want more info, and it would be lovely... but, right or wrong, nearly every company keeps a lot of commercially sensitive information close to their chests.

i'm not sold that the sales price is $55, but, I understand where you're coming from and i don't have the info to say it isn't either. But, when getting lower on cash who's to say the company didn't entice minera with a lower sales price for time being.... they could be the perfect fit for our current capacity and ramping up to nameplate in coming months... with cash getting lower and lower this could well have been a consideration... plenty of landlord's give discounts on shop leases and rent free periods to entice a deal.... nothing to say that hasn't happened here...

But, if that were the case, you wouldn't tell everyone about it either...all a guess, and i don't know what it is... but, commercial confidentiality isn't just something they've made up, businesses keep info secret every day....

i'm not arguing whether it is or isn't, but, not knowing everything doesn't necessitate that what you don't know is all bad.

anyway, i hope you keep following free yourself and that they can talk the talk and walk the walk to get you onboard eventually.

cheers.

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Agree, no way to really determine what the sales price is based on the info provided. However it does mention that $1.11m is based on the lower end, for arguments sake 20k*$55 = $1.1m

Also, would this figure be based on expected further POs with Minera or/and sales to IFO?

NSL Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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