OTCPK:NOSOF - Post by User
Post by
paydirtontarioon Jan 01, 2019 10:06am
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Post# 29174460
Raising Cash
Raising Cash
Main Stock Exchanges for Juniors
Toronto Stock Exchange (TSX) & TSX Venture Exchange (TSX-V) London Stock Exchange (LSE) & Alternative Investment Market (AIM) Australian Securities Exchange (ASX) Johannesburg Stock Exchange (JSE) and AltX African Stock Exchanges -if international exchanges are tough, Namibian, Botswana, etc. –limited capital but good if your in country
Top 100 TSX Juniors: 2015 Summary
Summary Cash is tight Revenue and income are falling with lower commodity prices Financing is incredibly hard to obtain Cash reserves Dwindling despite steps to reduce spend, cash is running out Cash position fell by 31% since 2015 Total cash reserves are at an all-time low Average cash CAD$7 million, down from CAD$10 million
It’s all about who you partner with.
Noront is desperate for cash and a partnership would not surprise me here.
Especially as a bleak econimic forcast is on the horizon for Canada.
Noront will need cash and lots of it if its to continue.
Going it alone is possible but I see some form of partnership happening here.