NMT 0.00% 10.0¢ neometals ltd

As are many others here I am contemplating if to participate in...

  1. 273 Posts.
    lightbulb Created with Sketch. 209
    As are many others here I am contemplating if to participate in the Widgie placement.

    I have been trying to find reasons for and against participating and am interested in some of your opinions.

    Recently I was invested in two early Nickel plays: Talon Metals (TSX-V:TLO) and Auroch (ASC:AOU) Discl: I sold both. TLO with a sizeable gain Auroch with a small loss.

    So I tried a small comparison:

    1. Auroch has currently a market cap of around AUD 50m and and only a tiny resource so far (20.000 t Nickel @2%) and 3m in cash.

    That comparison stacks well for Widgie with 8.000.000 t @1,5% and 25m in cash....


    2. Talon has very similar resource with 156.000 contained Nickel tonnes. (Widgie 165.000) but a market cap of around AUD 350m (ca 40m cash)

    This comparison leaves Widgie again looking cheap.

    What am I missing? Any other peer comparisons that maybe fit better?


    As of now I would have to take all the shares they offer me.

 
watchlist Created with Sketch. Add NMT (ASX) to my watchlist
(20min delay)
Last
10.0¢
Change
0.000(0.00%)
Mkt cap ! $62.28M
Open High Low Value Volume
10.0¢ 10.5¢ 10.0¢ $148.3K 1.481M

Buyers (Bids)

No. Vol. Price($)
3 163262 10.0¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 1076453 10
View Market Depth
Last trade - 16.10pm 17/06/2024 (20 minute delay) ?
Last
10.3¢
  Change
0.000 ( 2.38 %)
Open High Low Volume
10.3¢ 10.5¢ 10.0¢ 764121
Last updated 15.59pm 17/06/2024 ?
NMT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.