NML 0.00% 1.9¢ navarre minerals limited

I suppose all one can do is wait and see what their Sep...

  1. 305 Posts.
    I suppose all one can do is wait and see what their Sep Quarterly looks like!?! Between them all they collectively took home from the shareholders $697,731 in 2014/15 ($738,778 in 2013/14)! During 2015 they got their share price down to an all time low of 1.8 cents - and every year they blame the market conditions - not the fact that they are taking so much money out of what they have very quickly turned into a penny dreadful! Management seems completely dis-connected from its shareholders (and reality) - and the company only seems to be in operation to serve the management who continue to line up for their monthly cash handouts! As of 30/06/15 they had $498k (last quarter they spent $549k!). I smell the need for a capital raising very shortly - and wonder why anyone would see any reason what-so-ever to assist them with it!
 
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