No I am not kidding.
I've been doing some research and can't believe what I have found:-
A British mining company is flooding the market with 27 billion penny shares to avoid going broke. All shareholders in the company will be able to buy 46 of the new 1p shares for every share they currently own at a discount equivalent to around 94%.
http://www.*.com.au/lonmin-announces-270million-rights-issue-2015-11
this makes Northern Minerals recently announced The Lind Partners funding transaction look generous by comparison.
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Last
3.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $317.5M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 4.0¢ | 3.8¢ | $145.7K | 3.760M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 2208539 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 2705136 | 4 |
View Market Depth
| Last trade - 16.10pm 19/09/2025 (20 minute delay) ? |
| NTU (ASX) Chart |