being wallked down as target for takeover???, page-2

I can't shake the feeling this has been unfairly smashed. NQM hardly earns a super profit (although it is actually making money unlike most), is still doing some exploration so would now qualify for $300k a year courtesy of the govt plus future corporate tax rate cuts. It's also not like the price of gold has plummeted recently (in US or AUD terms)

NQM had $13.6m in the bank as at 31 March, has increased gold sales volumes and reduced cash costs this last quarter and has had positive cash flow for a while now. I can think of hundreds of companies that would kill for that cash position so I would be very surprised if a capital raising was forthcoming. They would also probably flog off their big stake in CSD before turning to equity if they were in a pinch.

You are looking for ideas but I'm stumped, sorry. The market moves in mysterious ways.