I would rather they cancelled the issue... They have enough cash to get bulk sampling going and self fund...
I can't see the long term VALUE of raising another 8 million dollars but increasing outstanding shares to 3.6 billion
The amount of shares on issue directly effects how many multi bags you can get out of the investment and a tiny tick in the share price will catapult the market cap
Happy to have someone convince me why this is a good thing...
Ann: Shortfall Announcement-NTL.NZ, page-13
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1.6¢ |
Change
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Mkt cap ! $9.000M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.6¢ | $17.19K | 1.072M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 846000 | 1.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 544119 | 3 |
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