AAM 5.77% 4.9¢ aumega metals ltd

cqt looking to takeover nqm

  1. 4,618 Posts.
    lightbulb Created with Sketch. 31
    And so the struggle for credit starts to ramp up.

    CQT is sitting on a massive gold silver deposit but needs lots of cash to develop it. getting cash to develop it will be hard.

    NQM is a gold producer with cash coming in. Hmmm cash!!!!

    So where does this place AAM on the spectrum of things. Once AAM announce a MAIDEN PROFIT for a quarter (or even dare I say this financial year - unlikely though) I suspect those companies with idle cash and credit requirements will become interested in AAM.

    If you can't get cash from the banks then I guess you will need to get it from other sources! A cash flow positive gold miner is a source that comes to mind.

    GC

 
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