Back in 2010, when NTUranium was still actually drilling for uranium, it had 103,783, 016 shares on issue.
Since then it has burnt thru $100M cash, built nothing, produced nothing, sold nothing.
As of March 2017 it had 688,784,229 shares on issue.
It has another c60M to come as part of latest funding plus c50M "Performance Rights" & Options outstanding.
That a pretty neat 800M shares or 8x dilution in just 7yrs, plus $100M cash burn, for what, six small, dusty patches av just 0.63% TREO? And the prospect of a 3yr "pilot" operating heavy losses, if it lasts that long.
Punters/stones/glass houses springs to mind.
Back in 2010, when NTUranium was still actually drilling for...
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