QMN 0.00% 16.8¢ queensland mining corporation limited

And by the way, out of the $10million, $3 million is being paid...

  1. 38 Posts.
    And by the way, out of the $10million, $3 million is being paid back to PNG for paying the Tulla loan. So we only have $7 million to spend on projects. (If the rights issue is fully subscribed)

    If history is to repeat itself, it is anyone's guess how much the next round of dilution will be as we have seen the dilution volume quadrupple this year by the management.

    So CR without shareholders permission based on percentage or a big volume by the way of rights issue. Either way, we get diluted of our investment.
 
watchlist Created with Sketch. Add QMN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.