NML capital raise

  1. 1 Posts.
    Any thoughts on this one? Looks like they starting off with an offer of $0.10c a share and want to consolidate existing share holdings. Seems like a long stretch to me considering the original closing price was only $0.019. Consolidation for existing shareholders is likely to diminish even more value the way I see it? What is different now as opposed to when they got into financial trouble, better gold price? Are we throwing good money after bad? Thoughts?
    I am invested with NML, and yes have watched my share holding value vanish by around 80% since I purchased.
    Brendan
    Last edited by costa44: Added in "share holding value vanish " 03/10/24
 
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