NAE 0.00% 0.5¢ new age exploration limited

Yeah I’ve never seen such a poorly executed capital...

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  1. 3,947 Posts.
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    Yeah I’ve never seen such a poorly executed capital raising….lets take a look
    - waited for the share price to fall 60% and then raise cash that we don’t need to spend until the end of the year
    - Ignores imminent drilling results from another project that the London market seems to value at multiple times what is being reflected in our own share price
    - Raise at a significant discount to a raising done a few months ago (that itself was at significant discount to market)
    - All these raisings have not brought any strategic investors, funds or partners into the company or projects
    What has this company achieved??? That’s right they have dug a few rocks in New Zealand
 
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