It was always a shell ( a fee trough is probably another description)
According to the financial statement at time of listing 7.5 million (about 16%) of the shares in the company had been issued at 1 cent each. Then another 6 Million for way below the IPO price.
Any cream to be had here had been well and truly skimmed by the first week or so of listing.
Guess they tried to spread the pain by wacking a few shares in escrow. How many more of the last million recently released will keep the SP headed south with these duster results
Ann: Update on Testing Targets at Whundo Cu-Zn Project, page-8
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