Yes, real desperate, Top 20 SH holds more than 40% of NPM and NPM holds 25% of suspended LKO soon to be delisted and therefore cannot generate funds by selling off that stake. CR is the only way out to NOT ONLY save their and others 75% balance holding , but also stop following the LKO way of suspension because they could not demonstrate to the Auditors that it had unconditional access to funds to meet cash requirements for a twelve month period.
NM, this time, may not be able to subscribe this whole CR as he had taken up the last LKO placement and therefore desperate.
To participate or not to participate in CR, and even
To hold/sell off or not to sell off before CR, seems
Tiger by the Tail situation for all holders.
DYOR, CHEERS.
Yes, real desperate, Top 20 SH holds more than 40% of NPM and...
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $1.962M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.5¢ | 1.3¢ | $21.46K | 1.581M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 800000 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 175000 | 1 |
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| Last trade - 15.51pm 09/07/2024 (20 minute delay) ? |
| NPM (ASX) Chart |