NGF norton gold fields limited

Given the recent news re "not ruling out a capital raising in...

  1. 935 Posts.
    lightbulb Created with Sketch. 30
    Given the recent news re "not ruling out a capital raising in the near future", it seems a $30 mil capital raising is on the cards. Its not too much to raise and although its further dilution, holders would probably be thinking like a lot of us HC commentators... that its the "smell" that we need to get rid of, because the reality is quite positive.

    So, maybe we will see some good news in the quarterly or before... get the price up into the 20's, then do a $30 mil cap raising, reduce the debt substantially and off we go? Maybe they work on getting the price up over the next quarter then go for the cap raising?

    The plot thickens... but it is all starting to look more positive!
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.