True.
I'm sure most of us have never wished a Month to come to an end so much lol:p
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Yeh its a general summary article of the last month really, talks a bit more about Amer and how the market cap was $5m when originally discussed and now $40m etc etc
Sounds like there could be another capital raising in the future? I would have thought the profit from the bulk sampling would be enough to fund indefinitely now?
“We’re well funded for the operations we’ve set out to commence. But having said that, the developments that are going on underneath us will determine further exploration capital intent activity as we progress,” Mr Hill says.
We seem to be forgetting about options conversion here when we talk about cap raising. My guess is that by 28/nov/17 the ops will be well in the money so the company will receive 2 cents for each of these with no costs.
yes enjoying the ride
This seems pretty quiet today after yesterdays release.
not very quiet by looking at the volume 12m traded today, 0.019 is a huge resistant... hard to break out until further good news
I also would have thought that yesterday's news release might have been reflected a little bit more in today's trading. But I agree volume is high and many taking the opportunity to profit grab. Gltah disc. Hold / buying / over 40% of portfolio
High volume generally is taken as a show that buyers and sellers are agreeing on the price,and also that events for now have run their coarse. I believe it is best for NTL to slow a bit and consolidate. We have had a great run so now it would be best to tread water and let events catch up with company happenings.
Remember so far this is all just potential and will remain so until the bulk sampling confirms the results one way or other.
Digger - what are your thoughts around the next two JORC rerates due out in the next 3 business days?
Have no idea,but I am waiting hopefully.
This company will really fly when Newcrest or some other company takes an interest. The main thing in favor of holding this company is that apart from Mr Brown who holds about 250 million,there are no major holders. This means that when outside companies take an interest the SP could fly.
But in the mean time we need the bulk sampling underway.
Oh well - another day, another $
Oz looking to open very strong this morning at 1.7 going by the early match volumes. Yesterday's drop was on very small volume late in the day on both exchanges. Let the fly by nighters run!