good post gmatt thanks.
So you reckon matt hill is sleeping nights,you have to remember at the current SP the current NTLOA options are not worth the paper they are written on
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good post gmatt thanks.
So you reckon matt hill is sleeping nights,you have to remember at the current SP the current NTLOA options are not worth the paper they are written on
It's got to be concerning that the share price is down at 2.2 and 2 on the ASX,.which is even below the SPP. I don't buy into the theory that people are selling at these levels to fund buying more shares at the same or even higher price. Regardless of the options attached to the SPP. I think more likely people taking profit. Don't forget that many bought into this at 0.5 of a cent just over a year ago.
If this doesn't recover at least to 2.4 and 2.2 in Aussie then the capital raise will fall flat.
Although I don't necessarily think a labour government will affect ntl, it's definitely an uncertainty and not helping.
A very ugly close on the ASX, down to 1.7 with plenty of people wanting out.
I don't think it'll be an easy recovery back above the SPP price unless there is good news in the pipeline... I think the share price got ahead of itself and had priced in a bonanza JORC update which disappointed.
NTL's ASX performance today is a classic example of everyone talking a good game when everything looks good, but secretly they have all been eyeing the door. After all Bonzana was the major announcement they had been waiting for and nothing else expected till November, so its not surprising many will prefer to take the money now than wait in limbo.
Management has played their cards terribly. When you call for a capital raising especially one that takes shareholders by surprises unless you deliver an incredible reason after then they've actually increased the risk of the investment by that surprise. For a stock that had a good amount of certainty regarding its path it has turned a bit south and as I said in a past post if you don't have certain then it'd still be alright if they had the cash. Though with the share price in the ASX down and a very good chance it'll scare shareholders on the NZX to sell, the share price could be lower than SPP offer price which would be a low chance to raise a good amount of capital.
I think the announcement of Maria quantity is actually the least interesting part of the announcement.
Ntl have got their thinking caps on and sorted out a way to get a larger quantity of ore out at a higher grade level, saving a whole lot in many areas including multiple environmental facets. They gave gauged the negative sentiment well and are looking to achieve the lowest footprint possible. Money is required, it will pay itself off well as the assayed concentrated ore can be easily sold off or refined by others as it is of a great grade. Happy to wait.
I tend to agree - the issues I can see are as follows;
AGM on 20th
SPP Offer ends 22nd
Election 23rd - this is where investor nervousness will be, I don't think that anything will change with a labour Govt but it still spooks people.
What are they going to do to get the SP at or above the SPP offer of 2.2c before 22nd. If they don't then this falls flat an is another potential shock for the SP
Happy for anyone to poke holes in this theory.
*** Opening sell today at 2c.
Things looking a little silly now on the sellers side on NZX, not a buyer in sight ...
oh here come one or 2....
ASX has good strength at .015 , so wonder what that will look like in 2 hrs time
1.8 cents now. Doesn't look like it will be a pleasant day. Big wall mounting at 2 cents.
Only the brave buying now. If it stays at these levels (which seems likely) the SPP will fail and the SP will suffer further as a result. It also seems unlikely they have another killer announcement up their sleeves between now and then. I'm not down-ramping, I believe in the stock but short term this thing is looking pretty ropey.
Man this is the complete opposite of how I thought this week would play out. Learning experience going on right now.
Nervous yes, selling no. I would have a sick vomit feeling if I'd taken up the spp early. Think I'll stay away from the share price for today.
Buying consideration? Not brave enough.
Today I bought what I did consider good buying - at the time @ .002 for the oppies which is to my mind a better buy as it clears the election date, SPP update and keeps my options open for a late Nov decision -- I hope it works
When the company relies heavily on equity to raise funds - particularly when the share price gains any traction, any share of capital appreciation from growth is diminished or negated through dilution. I think that is a disservice to long term holders, to see the growth in their very company diluted every time it seems to grow. NTL started off with 82M shares at one point, how did it end up with 2b, and now potentially 3? with capital appreciation out of the question for now, it all comes down to when the gold comes out of the ground and when the green river can start flowing.
Really shows the ASX is the stronger market in this, initial prices rises were spurred on by the buying in the ASX and now the decline is spurred on by the ASX too. Current prices will hold for now, but NZX will look to the ASX opening to decide how this really places out today.
I wonder if management had any idea this would happen (to this extent)
Sad day for NTL holders and not looking good for the company going forward.
A rare red arrow for my portfolio which reminds me to dust off my rule to 'avoid mining company shares.' Trouble is that my other rule was, 'all rules are made to be broken.' Thankfully only a small holding, but I certainly won't be taking up the SPP offer.
Lessons for us all in this one. Seems the market doesn't like the opportunistic nature, (and dilution effect) of the attempted cap raise.
Its hard to watch this and I absolutely hate the red arrow on my portfolio (because yes, I only just jumped on this bandwagon). This is a time where I think to myself, "a fool and his money are easily parted" or whatever that line is. :) Oh well, I guess I'll just have to wait it out and hope for the best to get my money back at some point, which must surely happen given they reckon the gold is in them thar hills.
How could they not expect that after throwing such a wild curve ball at their holders. They essentially prepared us a compliment sandwich - investor style - good news, controversial news, and finally good news. Except they forgot the sauces and they let the burger get too cold before serving it.
Lot of good comments on this latest developments.When you say the ASX led us up now down [SB888] you are to my mind leaving out a very big development. When it was led up
Andrew Little was head of the labor party. The changes since then have somewhat spooked NTL and I believe the AUS are more onto this that NZ.
The mistake that NTL have made is having the SPP this side of the election. The number one rule of equity markets is that they do not like uncertainties. Note over many decades the American market will go up a certain % if one govt gets in and will go up almost the same % if the other party gets in. But in the meantime no one knows so uncertainty.
On the broader picture NTL must win as the world is slowly going away from Bitcoins where again today you can read on OIL .COM that the govt are moving against them. Also the world has in the last few years not replaced its gold used.
shame I will not be going to the AGM as too hard getting in and out of Auckland.Much to discuss. I really liked the idea of making the product out of the mine having more gold but if this SPP fails we should keep that open and come back to it in the future [[AFTER THE ELECTION MANAGMENT PLEASE}}