Hi all,
I have been having a very close look at NMG lately and I do like what I see. Once the mine is in production they will make a lot of money at current gold prices.
Obviously there have been a lot of delays to the production date but it seems to be getting closer. The only thing that is worrying me is how much cash NMG have left. I have looked through the quarterly reports and other announcements and I cannot find anything that confirms they are ok for cash through production. Production isn't far away (hopefully only weeks) but potentially they will need the $6M they had on Dec 31 to last the whole quarter. Seems a stretch.
Does anyone have any info on the current cash position? Has anyone heard any comments from the CEO that they will be ok? Is there talk of a cap raising??
Cash position is about the only issue I have left to worry about. Otherwise it look like its certainly able to double in SP from here.
Thanks
Hi all,I have been having a very close look at NMG lately and I...
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