Why would you take a large amount of cash off the table if it spiked to 10p. Are you not a believer in the project as much as John Cross and Shane Healey. After all their option packages state 55p in a couple of years time. Why not wait until 20-30p price range? I'm not having a go - just intrigued as I thought you were one of the original bulls. I expect you're just a pragmatist!
Andy/Anom/Campbell
Having had another look at the figures I think NML will be struggling for positive cashflow around March time. I know Campbell's view on a cash call is different from Andy's and Anom's. It is pure speculation but I reckon there will be a placement but at around 7-8p. Therefore they will have to release some pretty good news to get the current sp up to that level. I do dislike dilutions but they are not so bad if you can see where the company's going with the money raised. I don't think NML will piss it up a wall like some of the company's I have been involved with have (particularly biotechs). As Anom has stated the real worth of this company is in the Angolan ground and good management and weather throughout the next twelve month period will see us all a lot happier.
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