nk
How do you know that they will achieve 500 ounces per week in 2 months time? Have you been in contact with NG to check timing or are you making assumptions on this?
I hope you are right because once there is such a cashflow the company becomes substantially derisked from running out of cash - they should be cashflow positive I think.
That is what the market is waiting for to make the share price go higher.
At present it looks as if some people are taking shelter or have some concerns.
I might even buy a few more shares if the price stays low and they are cashflow positive. NG will need to provide accounts setting clearly our the production/financial circumstancs because the market is likely to remain skitish for some time.
loki
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.422M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 101691 | 3 |
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| Last trade - 12.05pm 16/07/2025 (20 minute delay) ? |
| MCO (ASX) Chart |
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