NAE 0.00% 0.4¢ new age exploration limited

Sold chance market cap will double from here to around $20-25M....

  1. 4,624 Posts.
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    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)



    Last edited by trousergecko: 31/07/20
 
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