Looks like Ken and friends are busy pumping NME SP in preparation for their credit raise, very subtle.
Who on earth (aside from Ken and friends) would participate?
NME have 49% ownership of a project which they cannot even fund their share of costs and if they could, they do not have the skillset to do any drilling and must rely on their JV partner.
Now they want to increase their SOI by 25%, at a premium price, and really to what benefit to a prospective holder and their current holders?. I guess Ken and friends will be dumping more coin in the vain attempt to stave off insolvency.
Looks like Ken and friends are busy pumping NME SP in...
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