Only novices will look at Shares on Issue and bauk at how many are coming on the market.
The smarter ones will be looking at Market cap value before and after and thinking is this what the company is really worth after dilution...
So at 2.4 billion shares (after dilution) at today's price of 2.8c that gives a Mcap of $67m for approx 1 Billion tonnes of high grade FE with a rail and port solution and customers ready to swallow all we an deliver...therefore a lazy $1 bill net profit per yer for the next 30+ yrs...
Seems Extremely Cheap to me !! Extremely ... but by all means sell up pls...to me and other long termers!
10 march new shares issued, page-16
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