Sold chance market cap will double from here to around $20-25M. in these types of stocks at the moment, the company will be approached by a few stock broking firms to offer stock to sophisticated investors, they get their cut. The company should/could offer about $4-5M ~2.2cents. This would stop any enquiry about capital raising, set a floor on shareprice, fund additional drill programs. Very positive outcome in this market.
if this doesn't happen NAE has funds to do initial survey in Pilbara (no drilling), may find a partner for free drilling yielding a % of selected leases. Current money should mainly be applied to drill a few lines in Otago, lift the share price by success. I think Otago is a given for prospective drill locations in the next few months, this will be exciting.
Have to have a position on this stock, in this market momentum.
(ps could sell coaking coal in UK, or share with partner, with approvals and actually develop for a left field company maker)
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Sold chance market cap will double from here to around $20-25M....
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $8.969M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $3.752K | 912.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 862045 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 20604711 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 862045 | 0.004 |
34 | 21965290 | 0.003 |
19 | 25493765 | 0.002 |
13 | 34600000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 20604711 | 24 |
0.006 | 5860283 | 9 |
0.007 | 2726831 | 4 |
0.008 | 996888 | 3 |
0.009 | 2245209 | 14 |
Last trade - 12.36pm 12/09/2024 (20 minute delay) ? |
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NAE (ASX) Chart |