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.
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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($) | Vol. | No. |
---|---|---|
1.5¢ | 1274159 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 503000 | 0.013 |
7 | 1001166 | 0.012 |
3 | 234545 | 0.011 |
4 | 310000 | 0.010 |
7 | 1283333 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 1274159 | 3 |
0.016 | 618239 | 2 |
0.017 | 103918 | 1 |
0.018 | 4815000 | 4 |
0.019 | 200000 | 2 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
NAG (ASX) Chart |
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