NGF norton gold fields limited

another cap raising?

  1. 2,968 Posts.
    lightbulb Created with Sketch. 227
    Last time they released a NY preso they did a cap raising at few weeks later. I think they need for cash again.

    The last 2 raisings have been done at a premium so expecting it to occur again, they seem to have a good corporate 3rd party working for them on this front.

    Should we fear dilution though? IMO no, the benefit of cash in the bank placed a premium stabilises the share price by limiting short term downside more than out weighs the minor negative of dilution - they have enough gold and just need to get it out CHEAPLY

    Oppies may be worth a short term punt if liquidity in them improves
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.