mining at Norseman, page-16

If a relisting occurs, the most likely outcome here will be that by the time the company raises $78.3m to fund capital expenditure, repay debt to Tulla Private (who now hold 98.82% of the shares) and costs your current holdings will have been diluted to oblivion plus infinity times 600.

Note in Item 5 there are currently 69,806,253,699 SIO. These shares are to be consolidated on a 1:600 basis. So assume you currently hold 60,000 shares in NGX @ $0.20 ($12000). Your holding will become 100 shares in the new company at GBP 0.022 (~$0.04 = $4.00).

Thankfully with relisting you can finally sell your shares and claim a tax loss off $11,986 in the example above) and be free of this disaster.

The only piece of good news in the circular is that once again the NEDs have been very well looked after and are taking home GBP250k for their services to Tulla. They have never served the interests of retail holders and to be honest, there is absolutely no reason they should, since Tulla holds 98%.

If I understand the process properly by this time you will own jot and then they will raise additional capital (up to $78m) further diluting you if they relist. For this reason it hardly matters whether they invite existing holders (unlikely) to participate in the raise or not (it's easier to get money from Funds and hangers on)

My advice is to look back over the old notices write down the names of all Directors and associates and make sure you avoid them in any future investments. This will be your only return on capital.

I am voting yes, to all resolutions in the hope of finally securing my tax loss after 10/11/12 years?