So, it might be a "cents on the dollar" sale once again.
Barrambie is a project that could generate $136M a year in profits, but might be sold for $10M. Even if NMT gets $20M or $100M from the sale, it won't make up for the billions of dollars that shareholders could lose out on in free cash flow for the development. This is a complete train wreck, it's Mt Marion 2.0. First the VRP & now Barrambie, it all screams of a panicked, free-for-all sale of every asset, in the hope MB & Stelco pay off. A fire sale, everything must go!!
I hope shareholders realise this is our asset. Being a shareholder means you own the company, if you own the company then you own Barrambie!
Remember, MIN made $1B from Mt Marion in just 1 year of operation & they're expanding the mine! NMT sold it all for $200M!
NEOMETALS LTD (ASX:NMT) - Ann: Investor Presentation - TZMI Conference, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
NEOMETALS LTD (ASX:NMT) - General Neometals related news, 72924470, page-4374 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
NEOMETALS LTD (ASX:NMT) - General Neometals related news, 70699030, page-3904 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
I've got a better idea!!
Why doesn't NMT exchange Barrambie & the VRP for some magic beans instead?
Fee-fi-fo-fum!!
So, it might be a "cents on the dollar" sale once...
Add NMT (ASX) to my watchlist
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $68.50M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.0¢ | $96.77K | 841.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 390765 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 91975 | 1 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
11.0¢ |
Change
0.000 ( 3.25 %) |
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| Open | High | Low | Volume | ||
| 12.5¢ | 12.5¢ | 11.0¢ | 511862 | ||
| Last updated 15.57pm 05/06/2024 ? | |||||
| NMT (ASX) Chart |