That rights issue should get a bit of a boost with that.
Now we know why they extended it.
Good stuff. Congratulations ÑTL and about time.
See Aussie hasnt woken up yet.:)
Printable View
That rights issue should get a bit of a boost with that.
Now we know why they extended it.
Good stuff. Congratulations ÑTL and about time.
See Aussie hasnt woken up yet.:)
Thanks Epithermal for that, perhaps it's just a bit early yet for the analysts to issue prospective cashflow based valuations rather than EV or relative capital comparisons. It might be that they are waiting like the rest of us for a confirmation of a POG bottom is my guess, but then that's what sensitivity analysis is for.
I'm comfortable with my own DCF though, there's some SP upside for NTL on stage one, we may see some de-risking balancing up with that to match next year, stage 1 capitalised, POG outlook, a better estimation of stage 2 capitalisation and dilution.
Yes NZX certainly has up 27%!!!. 1M rights also traded.
I just hope enough shareholders took up their rights and NTL can get going.
At least one company is moving forward against the gold price and other conditions. This JV on Rahu could be interesting, someone may GAG on it though :) !! Nice end to a very very solid year for this company.
For some background, characters and what has gone on before here is a really interesting read.
Thank goodness NTL is not letting them all down.
http://www.ohinemuri.org.nz/karangah...arangahake.htm
Of particular interest,
The "Cinnabar (read mercury) mine up Rahu Rd"
and the "Imperial" whatever that might be
looking intuit:)
Makes losing internet connection, your boyfriend or girlfriend not answering you on facebook or the latte going from 3.50 to 4.00 look a bit insignificant doesnt it.:):)
Two trading days for rights and another week to rights cutoff. Will be interesting to see if there is much activity today.
Seems the Cinnabar was explored and tested with good results but lack of funds did not allow much progress.
With its location on Rahu it is probably quite appropriate to call it a basket case.:D
http://www.nzherald.co.nz/business/n...ectid=11354827
Bit of exposure, more so than the usual local papers
Gold up 3.4% to $1178.50 on Friday to test resistance @ $1180. Now that NTL is officially producing, holders should watch the gold price eagerly!
Quite a lot of trades going through this week, just sent off my rights issue too and one of my friends first foray into share trading is now with NTL :)