Hi Jerry Pretty much how I see it , only fly in the ointment I see is the current share price. All raising in the past has been at a premium to the previous one , at this stage therefore they need to get in excess of 45p ...... wonder what Nick has up his sleeve this time. The share price is being gradually but inexorably walked down with each UT at or close to the low of the day ...... why?
“With Nick adamant he's going to production “ Lol whether he’s going to production or selling you’d have to give the same impression.....what should you expect him to say if he was looking for a decent price?
Thanks Mog , really enjoyed that , looks like NM is playing this precisely by the book .
“11) Prepare to finance. Preparing to finance and build your mining asset is usually a great catalyst for M&A. Four out of the six M&A transactions that I’ve been involved in were triggered this way.”
Think this may prove to be especially relevant in the near term.
Cos there’s someone on the bid trying to spend a million quid on shares ..... they part filled their order and will almost certainly be back for more ..... everything in the way on the ask got cleaned out and now ( with volume) book pretty clear til 37p ...... ask Rusty for clearer explanation....... probably not at this time though as he’ll be wasted