well bah humbug. After all that lead up. I'm feeling a tad disappointed that we didnt have a goldrush on our hands. But in all honesty I was only ever speculating here so I have to take the bad witih the good.
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well bah humbug. After all that lead up. I'm feeling a tad disappointed that we didnt have a goldrush on our hands. But in all honesty I was only ever speculating here so I have to take the bad witih the good.
I'll be taking up the offer as I've been wanting to buy more for a few weeks and i dont think its bad news as it pretty much sets up a new support level above the 2c oppies.
Says I can get up to 15k of shares at 2.2c so I will take some of that
But I might put a buy now in at 2.1c now just in case
https://www.nzx.com/companies/NTL/announcements/305859
"About New Talisman Gold Mines Ltd
New Talisman Gold is a dual listed (NZSX & ASX: NTL) with over 2200 shareholders who are mainly from Australia and New Zealand."
Anyone that traded the November options recently just threw their cash in the bin
And now the fun begins.........market over-reacts. If it goes below 2.2c, well worth buying.
NTL Board are annoying, but they aren't stupid. THey are not going to announce this and let it fail. IMO (I will repeat, IMO), the good news will come before closing date such that it compels you to invest more. Well played NTL.
I guess this was always their plan - Gold fever has just been given a shot of Panadol!
Well I imagine I will be able pick up $15k of shares on market for 2.2c or less before long! So I won't worry about the SPP
It all seems very dishonest to not issue the bonanza announcement by when they suggested they would (regardless of whether that is to be good or bad news). And then to follow up with this is...unless I understand incorrectly Mr Hill has effectively taken a massive dump on anyone buying shares in his company over the last week or so. I'm glad he managed to restructure his families shares just in time though...Probably a coincidence!
Time to cash out and vote green?...there's tourism in them there hills!
What is the ex date ?
Looks to me like they realise now just how much gold is their, they also have a clear process to extract it in the best way, BUT they now realise its gonna cost a lot more to get this kind of large scale operation into play, and probably a lot due to the new health and safety red tape and procedures the mine will need to follow, in addition to environmental impact controls, that they basically need a lot more money to get things rolling.
Some sold at 2.1 but I was too slow getting in.
Now its back at 2.3 and looking like it might finish 2.4 by end of day
Being able to buy another 15k at 2.2 might not seem so bad at the end of the week or in a few weeks time depending what this famous long awaited announcement has to say
Only had a quick look at the listing rules but I am not convinced that this actually conforms with them:
7.3.4 (c) would seem to limit a new issue to a 30% increase on existing shares but with no limit specified in the doc then that would imply far, far more (possibly more than double :scared:, it depends upon the number of NZ & Aus holders [914 applying for NZ$15,000 would be over the 30% limit]).
I think that there needs to be some clarification here.
Best Wishes
Paper Tiger
Record DATE 25 Aug
Closing date 22 Sep
Allotment 29 Sep
If every shareholder took up their allowance they would have to scale it back as per above.
At least 2200 shareholders based on 21/08 announcement
$15,000 per shareholder is $33,000,000
At 2.2c per share that is 1,500,000,000 shares against current 2,076,995,855
It is extremely improbable all shareholders will take up full allowance.
Only shareholders on register as of last Friday, and from NZ/Aus will be allowed.
Closing just before the election too.
I give them top marks for craftsmanship!
Come 22/9 it could be a nice little bonus day for those who bought at whatever price by 25/8 if share are between 3c and the 5.5c they are hinting the value will end up at.
No so good for those buying today though
Massive dilution for Hill.