NKP 0.00% 9.9¢ nkwe platinum limited

Good post Stagman.There is no way that DRA has put in $6 million...

  1. 1,537 Posts.
    Good post Stagman.

    There is no way that DRA has put in $6 million worth of effort on their 22 million free shares.

    In essence, DRA has paid $3 million plus some time and effort for their BFS.

    Why?

    Well, DRA could sell 32 million shares at say 20 cents to get get back net $3 million dollars ($32 million * 20 cents - $3 million outlay).

    At 30 cents, they make $6 million net.

    I can bet that the effort put into the BFS by DRA cost less than $3 million of DRA's time and effort.

    Let's see what the market does tomorrow.

    My bet is 20 cents maximum.

    Ralph
 
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