Timski whilst your all over my Norma let me remind you of another failed and misleading statement made by puntmans best mate.
Quarterly activity June 2009
Under the heading corporate Finance and development.
Qmn had just placed 18m odd shares at 8c. They then announced they will seek shareholder approval for another dilutive 50 million shares for capital workings.
Now for no reason at all, but I'm the very next papragraph comes the sweetener they decided to add to appease am or
Mislead the market into approving this new issue, maybe?
The company HAS entered into an agreement with the vedors of a copper processing facility under a JOINT VENTURE arrangement that will enable
The duplication of that production as well at mt norma processing site. These operations WILL produce SIGNIFICANT net operating net cash flows starting within the next three months. Further details will be released shortly.
Nothing regarding this was ever heard about again and things just wet back to their merry way after the cap raise.
And you wonder why the market does not trust these guys and possibly why no jv has come off????? If that is not blatantly misleadimg the market then I stand to be corrected and if it's not then why was follow up announcement made to explain why it fell over or even justify who this party was, if at all??
How's that guys for some substance, plenty more where they come from.
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