if sharon takes up hers it will cost her about 2mill by my calculation
some of the top 5 will be up for 500k-1mill
lot to ask without anything to give other than mt bevan development and considering they have been in advance discussions about this and that for 3 years and nmdc have done nothing for us what so ever than keep us afloat for about 6 months with security for a loan (actually keeping us afloat should say paying the salaries of Legacy employees ....). Overall what do we have to show for it - naught at the minute yet they put their hands out for more cash and if we dont take it up nmdc will and there goes control. speculation but perhaps their intention in the first place. wonder if the current board will still get employed when nmdc are the majority shareholders ?? my bet is yes.
why would you put more money into this ??? unless they have something else up their sleeve but history is highly against that.
i'd sell my entitlement for 0.5c right now but I reckon we'd be lucky to have any buyers at 0.1c - although I bet there will be a massive number of sellers.
farce.
never fear though, those in charge will get paid to increase our wealth. what a laugh - going from 600mill to 2.4bill shares - you have to be kidding me.
dont worry thought i'm sure something will happen. probably after the entitlement closes and we all lose out but their budies will win. watch this space.
IMO this whole 3 year nightmare is a complete failure on the part of our board to do anything productive.
great buy those coal tennements in QLD - what did we spend 6 mill and have we ever seen any results ?? arent we fighting to get some money back. then the failed DD on a couple of companies. yet we are always told having NMDC is so good that they have companies begging at their door.
all of course IMHO as usual. make your own moments. DW
LCY Price at posting:
1.6¢ Sentiment: None Disclosure: Held
