terrible capital management issue at 2c. Should have been a Rights issue, with NO discount to last sp, but offer a 1 for 2 free option to go with every new share.
that would have the same dilution effect, but fair to all. Then allow this big pockets fella the right to underwrite it.
Interesting capital review.
dec 2010 1340 FPS MC 154
current 2046 FPS mc 65
We still have a cash cow, and we still have big targets.
Peer comparison.
FAR MC 112m - No production. 26m cash. big drill targets. (so NDO could cash cow FARs cash position in one year easily)
NDO Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
