net debt load 4 142 000 000 = huge risk, page-59

Hi

I did say they would be running out of money and some said they had spare capacity lol


A price taker with QTR on QTr revenue falls, a gold price far south of last report that takes on MORE debt instead of raising capital is in a far far worse position that one that pulls the pin and raises capital.....


EPS either way is going to be lower, trading at a mammoth premium to reality

Now, if Gold AUD does fall further, NCM wont have more shares on issue and less debt, it will have even more debt , less serviceability....

Good luck,,,,,it will be forced to raise equity if the price falls further imo a fantastic opportunity for people with a medium term bearish view