capital may be in short supply now but judging by the recent moves in some mid cap goldies (DOM, IGO)plus the ease with which NCM grabbed $750million today ( according to reports) it is only a matter of time before the money wave hits the juniors
We have all seen it before, juniors dead in the water one month and going off the next.
So there is a strong chance that in the next 6 months NG will be able to do some placements at a very attractive price to cash the company up and progress more rapidly the mine development. That assumes success at Maxwells of course.
MCO Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held