Wouldnt touch it with a forty foot barge pole.Limited production figures out so they have obviously encountered start up problems otherwise they would be skiting about record gold production.Falling gold price and now a 19 million dollar loan lingering at what percentage rate 7-10% range at a guess.Mt Marion and Barrambie have been given the red light as indicated by Chris Ellison so why would you touch it.
A capital raising is a possibility as there have been many over the years.Currently trading at 14.5c so another 100 million shares at a discount issue price of 12c will put 12 million in the bank.
Few more capital raisings and these guys will be in the billion club for issued shares.
NMT Price at posting:
14.5¢ Sentiment: None Disclosure: Not Held
