NWR 0.00% 0.6¢ northwest resources limited

Ann: Share issue for drilling services , page-6

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CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 173 Posts.
    I do not agree that just because they want to preserve cash, they can give out 12 million shares for 5c. This is too low of a value to place your shares when market was trading at 9c not more than a month ago.

    a) If there are T & C applicable, it should be available in ANN and any deal has to be transparent to SH than Ifs and BUTs

    b) In a way it is good to have long term drilling contract but not at the expense of SH money. For a 15m+ market cap company, giving 600k to driller should not be much of a challenge and something does not look good looking at the number of shares to be issued

    c) I am not sure about CR and hope they do not do it before solid results which raises the SP and then they can do at a nominal price

    Just because it is a speculative stock does not mean that they can play with SH money in any way they want. They should be accountable and responsible for the decisions they make.
 
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