Someone was keen to pick up a parcel this morning
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Someone was keen to pick up a parcel this morning
All the 8 gone might finaly see some progress.
Bit on the cheap side:t_up:
Unfortunately it's never the sell price that moves a share, it's the buy price...
Here's the link to the most recent disclosure notice, detailing Mr Hill's recent "purchase"
http://www.newtalismangoldmines.co.n...al-holding.pdf
If you read the last two pages, it seems it isn't a purchase as such, more like settlement of a loan. Also of interest is the connection between the lender and company involved. Can anyone help shed some light on this?
Here's my interpretation in easy, non-legal speak.
Terms of agreement.
1. It's basically saying that Hill Family Trust will accept the transfer of ownership of the shares from So Co Ltd. to HFT Trust, but only after 'full satisfaction and discharge of the loan' is completed.
In other words - Once the shares have been paid for to So Co Ltd the shares will be transferred into full ownership into Hill Family Trust.
2. Second term is basically saying that the shares are protected from the repo men/liquidators etc.
it all just seems to be a basic transfer of the 28,000,000 shares from one investment vehicle to another, all for personal benefit at the end of the day.
Check out what the poster put up here.
Personal benefits-y see - Daddy basically topping up the trust account
http://hotcopper.com.au/threads/ann-...5#.VpVoRlLUibU
As the permit application was removed from the NZPAM permitting website more than a few weeks ago, I'm now convinced that a decision has been reached. I understand only applications that are accepted, under evaluation, awaiting approval or approved remain on the website. The way I see it, there are two possible scenarios:
1. NTL have been advised that the EOL application has been declined and are yet to inform this market. This would also mean the Rahu exploration permit has expired. I hope for everyone's sake, this is not the case. I also believe withholding commercially sensitive information is somewhat frowned upon.
2. NTL have been advised that the EOL application has been successful and are yet to inform this market. Reasons may include; still on holiday / still typing an announcement / finalising JV discussions, etc. If this was the case, NTL would have had to request NZPAM delay updating the online status to accepted (as this would be commercially sensitive information). I am unsure if this is even possible???
Without getting too negative, I'm starting to get a slightly sick feeling in my stomach...
My thoughts exactly. However, it doesn't explain why the application has been taken off the NZPAM website
Looks like someone just burped up some at 0.7c today.
Sadly, I think the sick feeling in my stomach may prove correct. The Rahu area is now listed as NAA (newly available acreage) on the NZPAM website