It appears that NMR had missed out on some cash in the past.
Nimrodel Resources Limited (“Nimrodel”; “NMR”) advises 12,025,300 unlisted options exercisable at $0.03 expired on 31 October 2011.
This would have been $360,000.
The big ann was announced on the 16th of November. However within this period there was a 2.2 million dollar placement at 2.6 cents. Quite timely...
However, there are
4m Unlisted Options – Ex Price of .08 at 31/03/2012 = $320k 2m Unlisted Options - Ex Price of .10 at 31/03/2012 = $200k 5m Unlisted Options - Ex Price of .10 at 30/04/2012 = $250k
Total $780k or approximately 1 Qtr's expenditure.
NMR Price at posting:
5.7¢ Sentiment: None Disclosure: Not Held
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