They don't need cash with over $1m and also and $1.5m approx likely coming from SML in a couple of months but they decided to give us a presentation anyway!
Why is this?
I think they are preparing the market for some news.
What news?
In August we were told this
NAE has undertaken a significant review of a number of opportunities both within Australia and overseas. This has culminated in the identification of New Zealand as an area that has a significant gold mining history, has been under explored and also contains a number of gold project opportunities. These applications mark the first step in NAE’s strategy to build a portfolio of gold assets that can add material value to shareholders in current market conditions. Several other more advanced stage NZ gold projects are currently being assessed by NAE
I think the market is going to be hit with some amazing news for a $6m company to add to the tungsten, tin, coking coal projects
As exciting as it gets, page-33
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.76M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.6¢ | $14.12K | 2.340M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 15337050 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 250000 | 1 |
View Market Depth
| Last trade - 14.22pm 17/10/2024 (20 minute delay) ? |
| NAE (ASX) Chart |