MAW is up 15% overnight to C39c.
In $As with Exchange Rate of 1.0987, that equates to A42.85c.
Holding 9.5m shares, that means NAGs holdings are valued at $4.070M (42.85c x 9.5m.)
That means NAGs could access $1.017M by selling off MAW (if needed) at the end of July 2020 & again at
▪ end of Jan 2021 &
▪ end if July 2021 &
▪ end of Jan 2022.
Future Cashflow source is sured up for 2 years but only if needed. They may need the 1st 25% in July but not the other 3 x 25% imo, better & bigger Cashflows on the way.
As for MAWs, they now have $17m in their 'kick'. I'm not expecting their NAGs holdings to stay at 10%. A move to 15% is likely before the end of July possibly but certainly by AGM time (Nov.)
MAWs next move on NAGs could be a Share Deal or it could be Cash Deal but it won't be at 5c like the last one.
Nag: down 12.3%, page-26
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Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $11.94M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.4¢ | $45.83K | 3.197M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40000 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 1274159 | 3 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| NAG (ASX) Chart |