another cr, page-59

I have been a shareholder since the company had only 400,000,000 share on issue. I held and held waiting for things to get better. Changes in management was welcomed by me and thought maybe NIDO just might get on track and conserve value for existing shareholders.
Im afraid I was wrong as I do not see the justification for another dilution of 30% for such a small cap rising.
Image if the company had done nothing and just sat on their Galoc income. we would still have 400,000,000 shares and stacks of cash in the bank.

What do we have now? Almost 2 billion shares on issue, $30,000,000 debt facility and a share price at around 3cents. I can only see this company share price remaining below 4cents forever now.
My calculation for new valuation is now about 2 cents.
Why would you ever have a Cap raising and 30% dilution with a share price at an all-time low? Unless the Management know of problems ahead and need to secure their Salaries for the next couple of years.
Typical Australian legal criminal activity as far as i am concerned.

Chass