davmarc, thanks for your post- very informative. You said:
"Neon is responsible for 25% ie. $15m." ________
NEN had $18m at end of last Quarter. This Quarter won't have the major cost of $15m in it, presumably, but we can assume that at the end of this, NEN will have maybe $3m left (although they would have had some revenue). It's good to get a handle on how they are travelling.
Bell Potter said NEN have about $2m left, and may wish to raise $4m. I doubt they would raise right now, because sentiment would be poor, but they will just be a smaller, neater company if they do raise.
davmarc, do you know if NEN have any future obligations with their JV partners going forward, please?
NEN Price at posting:
5.6¢ Sentiment: None Disclosure: Not Held