Hi Mike
I note in the latest cashflow report that Nex have $359k in the bank with $225 expected to go out the next quarter. Appendix 3b shows $210k coming from the issue of 200k shares at 10.5c. This leaves approx $345k in the bank.
I presume Ken would do an entitlement issue to existing option holders of say 1c to raise funds ? Approx 60m options on issue would bring in approx $600k to the kitty
Is my thinking on the right track ?
Cheers
Ako
Hi MikeI note in the latest cashflow report that Nex have $359k...
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