Len-Hun
I'm not so sure we could do another capital raising at these levels with current market sentiment towards NMG. You can always ask for money but it doesn't mean you will get it, our attempt at 48c only to raise most at 34c demonstrates it's getting tough. How many of us here would participate in a CR at 15c? my guess is not many.
Debt is even harder to get particularly with no cash flow and with current debt. If a CR was unsuccessful we would have no hope of borrowing more IMO.
My comment on yesterday's ridiculous trading was more in reference to the swing 15% down to 2% up - good end result but scary when we were down 15% with very poor buy depth.
Got the $37m debt using a number in the half yearly that wasn't our debt position - thanks for clarifying I like your number of $31m much better.
will nmg survive, page-12
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Last
$1.12 |
Change
0.030(2.75%) |
Mkt cap ! $337.5M | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.14 | $1.09 | $775.7K | 696.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20204 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 5077 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ACF (ASX) Chart |