NAE 14.3% 0.4¢ new age exploration limited

Ann: Placement and Share Purchase Plan, page-49

  1. 4,845 Posts.
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    I dont remember seeing any contingency plan for shares if they are not picked up by shareholders either? Sometimes they mention that someone will buy any left overs.

    I hope management actually have a plan here, i.e. we were sitting very close and had just touched the 1.5c line when the CR was called. If they expect existing shareholders to participate they must have believed it would go higher during the following two weeks. Surely they knew the share price was drifting south and no news would not get us back up high enough to make it worthwhile?

    Wheres that jucy news Gazza?
 
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