The ASX Casino - Weekly Shell List, page-3283

NMG..........
glacial liquidity and in hibernation for ages............makes you feel like a lone wolf when buying.
MC is 2M, so not particularly cheap, but at .006, its at the level the 4 directors paid to get control.
Very much dormant until a director, Mike Everett, resigned, and, my speculation being he was stepping aside for a more aggressive guy to step in. Then, the board announced it was accruing fees to slow the cash burn, when.....nek minnit........a new NED joins the board, Gregg Taylor.
To add more fuel to the story, at the same time, they announce a 200k placement to a soph....close to 8% of the company, and at .008, a 33% premium to the current price.
Obviously the ship is slowly being turned about, and what i believe is the raise was to get the ball rolling, with the soph being sold a convincing story, and, the real financing will be done at a much higher price than current