"As at 19 October 2015, the issued capital comprised 448,605,670 ordinary fully paid quoted shares."
"As at 19 October there were 13,928,400 restricted securities on issue."
Oct 2015: 462,534,070
"Once the transaction is completed and all options are exercised, Jien Mining will become Northern Minerals’ largest shareholder, holding 220 million shares equal to 33% of the issued capital."
2x dilution, in which every SH has had the opportunity to participate, and resulting in the only operating ROW processor of scale, and the only one probable for several years. (Not pretending LYC has been a pretty story, it hasn't, but the end results are there for all to see)
IF Jien proceeds, and the proposed CapEx is raised, what proportion of original equity do punters here expect to be left with?
Anyone done the numbers on say a 50/50 equity/debt deal?
NTU Price at posting:
16.5¢ Sentiment: None Disclosure: Not Held
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