NMT
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1.47% 6.9¢ neometals ltd

I still haven't decided. The share price could do very well...

  1. Patron
    1,109 Posts.
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    06/12/23
    10:23
    Post #: 71296223
    I still haven't decided. The share price could do very well after this rights issue once the funding monkey is off our back.

    I have recent experience from RED where they were at 25c, forced into a CR at 13.5c with a rights issue at the same price, traded down to ~12.5c shortly after but since then RED hasn't really looked back and is up ~170%.

    I know, it's a completely different company etc, but a discounted rights issue can be a rare gift from the gods.

    https://hotcopper.com.au/data/attachments/5795/5795326-b83bd619b9c12211a91e9ee26fcd2faf.jpg
    NMT Price at posting: 19.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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