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I think 8.89% was only for the shares they were allowed to...

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Timtator

3,284 Posts.

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09/03/16

20:56

Post #: 17232088
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Originally posted by bebejo06 ↑

If the market cap was around 6million and they raised 3.2 million through issue of shares can someone explain how it was only 8.89% dilution? The dilutions always bring the price down to the issue price or less. Happens every time with nsl. You cant just expect to increase the market cap overnight with a stock issue and expect it to stay there

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I think 8.89% was only for the shares they were allowed to issue.

Think they now need permission from shareholders to issue the remaining shares under the CR.

Hopefully they keep a good news flow going. Lots going on and lots to announce.

I hope to see a picture of something like this in the next month.

(Yes I know that is not what it would look like) haha

NSL Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
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