From the quarterly
A Share Purchase Plan was also announced in early May giving NAE shareholders the opportunity to apply for up to $15,000 parcels of NAE shares at the same price (1.5c). Take up of the SPP was very low ($14,000 in total) due to a decline in the NAE share price during the SPP notice period.
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No guys, it was very low because the timing and judgement were as poor as it gets and holders were disgusted and dumped in droves.
And even though $14k in total was raised......not a penny came from your own pockets.....
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Imho we will get slapped with another disgusting surprise so their wages are secured
Ann: Redmoor 2017 Phase 1 Drilling Update, page-102
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