NMR 6.25% 3.0¢ native mineral resources holdings limited

nmr to raise 4.8m shares at 4c, page-14

  1. 1,369 Posts.
    I think the resource size is obviously great but does it matter whether it is 1bn, 2bn or 10bn? There is only so much you can dig out of the ground at any one time. Throw in the fact that there is no infrastructure yet and even if there was, this would limit it. This will have 1bn shares before long. I have taken off my rose colored glasses and thought about why he possibly would do a raising before scoping study comes out (keep in mind he probably has a fair idea). Think about it.
 
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