NME have now advised the market they were unable to place the shortfall, raising further doubts that they can continue as a going concern.
As noted by both NME in Dec 22 (response to asx queries) and indicated by MCT as early as July 21 (Champion grades announcement), NME can elect to reduce their equity in the JV if they’re unable to meet their obligations.
I look forward to when MCT has 100% ownership of the Kookynie and Yundamindra projects.
NEX and ASX, page-6
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Last
2.6¢ |
Change
-0.002(7.14%) |
Mkt cap ! $16.08M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.8¢ | 2.6¢ | $77.34K | 2.843M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1717400 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 35000 | 1 |
View Market Depth
| Last trade - 15.52pm 04/11/2024 (20 minute delay) ? |
| ARI (ASX) Chart |