Come to think of it a cap raising would only be necessary if NDO wanted to meet Q1 drilling for Tindalo and KIK no longer had any part of the deal.
IMO, KIK was holding up a FID announcement so but who knows why??? I sure dont.
If NDO went it alone, as they bought out KIK share of SC54A then sure they may need some more capital. But very unlikely....
trading halt, page-18
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Last
85.3¢ |
Change
-0.028(3.13%) |
Mkt cap ! $194.4M | |||
| Open | High | Low | Value | Volume |
| 86.0¢ | 86.8¢ | 85.0¢ | $68.72K | 80.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1100 | 84.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.5¢ | 2424 | 1 |
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| Last trade - 15.46pm 11/10/2024 (20 minute delay) ? |
| NDO (ASX) Chart |