Glutten,
Why can't they do another C/R? They can do one at 15 cents-10 cents it depends where the sp is at the time and calculated by the vwap..
The lower the sp the more shares they need to issue to raise money...But that means the stock would become very heavily diluted...Or they can increase the current loan facility..
So I don't understand you saying there stuffed if they produce a certain of ounces and cash burn is high... This is why the stock is getting smashed, the market does not like the unknown and with NMG there is a lot of Q's that need to be answered and if Management continues to act in this manner the market will continue to savage on the sp! Def not good is your a long term holder....
BTW- Where did you get 37 million in debt isn't it about 31 million as stated in the last Q report?
Why was today's movement ridiculous? sp offered a good day trade and could most likely carry on into Monday with POG going through the roof tonight..
Glutten,Why can't they do another C/R? They can do one at 15...
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$1.09 |
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Mkt cap ! $327.0M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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