QMN 0.00% 16.8¢ queensland mining corporation limited

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  1. 4,331 Posts.
    Sorry but its a little old, 2008

    http://www.asx.com.au/asxpdf/20081001/pdf/31cnthn1q8gsr0.pdf

    I think they were 50c when listed and had 179m shares on issue, the company is now worth 10 X less than issue and been diluted by more than double, anyone who bought a 50c qmn share from the prospectus is now worth about 2.5c from dilution and falling share price, you would be hard pressed to fins such a pathetic return on capital. The funny part is that the peddlers responsible for this fine performance are still employed and i kid you not they pay themself a bonus for this fine effort.

    You have to feel for the origianl holders who were told one serious bed time story about the riches of copper and gold
 
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