I don't hold any of these, but was advised by a friend yesterday to get some quickly before they run...
However, it looks to me like they've already had their run, and the quarterly report doesn't insill much confidence:
183,800,000 ordinary shares issued last quarter for 1c.
70,000,000 ordinary shares issued last quarter for 0.1c.
140,000,000 options issued last quarter with an exercise price of 1c
Plus 150,000,000 shares yet to be issued with this indo deal.
Very little cash on hand ~$1.0m
If I'd acquired a bundle at 1c I'd be selling now at 7.5c - it's looking pretty diluted.
What I'm telling myself:
Probably a Pump 'n Dump.
Avoid like the plague.
But good luck to the holders. Just my opinion...
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- thats dodgy stitching up shareholders
KML
kangaroo metals limited
I don't hold any of these, but was advised by a friend yesterday...
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