Points 1 and 2 are what many companies do. Point 3 isn't great, however the reason given seems valid enough.
Excess cash on the balance sheet means companies can buy back shares and pay dividends, thats no reason why I would sell.
NMT are seeking partners to build their projects and no doubt fund portions of the capital too. Seems a good approach to me to derisk these projects especially where they are capital intensive.
With no debt and income streams they should be more than capable of developing out there future projects, with the right partners. I suspect for Barambie the DSO is their golden egg to potentially fund the full scale mining operation.
In the end we all make our own decisions to buy or sell.
Best of luck...
Points 1 and 2 are what many companies do. Point 3 isn't great,...
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Last
8.9¢ |
Change
-0.005(5.32%) |
Mkt cap ! $69.24M | |||
| Open | High | Low | Value | Volume |
| 9.2¢ | 9.2¢ | 8.9¢ | $119.9K | 1.333M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 264084 | 8.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.0¢ | 141073 | 6 |
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| Last trade - 15.35pm 13/11/2024 (20 minute delay) ? |
| NMT (ASX) Chart |