NWA new world alloys limited

loooks the goods, page-15

  1. 1,110 Posts.
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    re: great uranium play
    Sle,

    That's right. The cashflow is being generated from the Nova mining project. As I said, this is presently adequate to service current working capital requirements decided by the board. DR was an ex Insolvency Practioner, so he would know most than anyone else regarding the importance of working capital.

    Secondly, my understanding is that NWA need to sign an off-take agreement as a pre-condition for the final approval of the US$4.5mil IDC facility.

    Obviously, there are inherent risks with a copper project in the DRC, however, management have so far delivered on the various objectives outlined to shareholders, albeit on a delayed timescale.

    Cheers Freakme
 
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