Only once they get some positive focus and stop diluting/wasting...

Only once they get some positive focus and stop diluting/wasting shareholders wealth.

At $2.5M MC NKL is basically a shell company, without any valuable assets worth mentioning, so from here (simplification) the following or mix thereof happens next:
a. company eventually delists/ goes into administration or consolidation and rename (common)
b. company gets lucky with geo work and strikes a deposit of some sort of promising size, either develops it, sells it or farms it out (rare)
c. company keeps jumping from project to project and commodity to commodity whilst undertaking many CRs and consolidations (most common, we are here)

Unfortunately NKL is a dud and not going anywhere, combined BOD's remuneration package is bigger than NKL's Market Cap...multiple CRs are incoming 'to keep the lights on' (which means continuing to pay bloated salaries of execs who are not doing anything) with only a small fraction of all the funds being diverted to actual exploration activities (which will be announced ~12-16 months in advance and multiple CRs will be undertaken whilst the exploration activities will be scaled down).

Sounds pretty horrible and sombre but this is the truth, you are in the most dangerous part of ASX: the $1-3M MC the 'penny dreadful territory', you are almost guaranteed to lose your holding's paper value to just a few dollars worth (literally) after a few years of holding. GLTAH.