NML 1.00% 9.9¢ navarre minerals limited

Ann: Coarse gold nuggets in Tandarra drill chips , page-9

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  1. 196 Posts.
    re: Ann: Coarse gold nuggets in Tandarra dril... A very "long bow" would have to be drawn before it could be said that I agreed with you!

    Even if the board were allowed to place shortfall shares - they would not do it below 15 cents (having just struggled to raise $'s at 15 cents over the last 7 weeks or so!).

    I would guess that this SPP has been a REAL struggle for this company and that very few applications have been received in either $ terms or number! I would also guess that a great many of the applications received were for the minimum $ amount!

    They will probably wait most of this week out - hoping for the receipt of as many last minute applications as possible!
 
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