Yes, as I have posted earlier the Chinese website already told us about the Amer take over dec 2015, all the right issue etc.. Are planed
Amer will take the short fall and the rest may purchase from us on market or other ways
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Yes, as I have posted earlier the Chinese website already told us about the Amer take over dec 2015, all the right issue etc.. Are planed
Amer will take the short fall and the rest may purchase from us on market or other ways
But this is still good news for us?
Definitely IMHO. This is going to generate the long awaited capital to finally develop Talisman quickly as well as Rahu with Newcrest. It is great that management have been able to make this announcement while we still have an opportunity to buy into the rights offer. The more we now purchase the higher the SP will become for them to top up their 70%. Rattle those piggy banks - already there is a 0.2c premium on the offer.
No thats not right as they announced that foreign parties cant take up rights correct? It requires shareholder approval so we all have the right here to simply say yes or no. The process is pretty stringent and tehse guys have to comply with ASX and NZX takeovers codes.
The more the rights are taken up the higher the price the higher our potential takeout if we say yes. Can someone advise if thats the case?
I assume that is why price is not here as how could they price such without the rights issue complete and a vwap of such.
This is pretty typical in my experience speculating in juniors. These big guys swoop in and pick up large chunks off tired long termers for nothing just before price of gold rockets. Look at the performance of juniors all over the world and you will see the next leg up in AU is already underway, it's been a long time coming. NTL doesn't have to do anything and the share price will soar along with gold. Ill be voting no to the deal unless the offer gives me at least a 10 bagger.
Digger I agree, there was the distinct smell of rat when the 3 for 1 announcement was made, yes it was at a discount the the SP at the time (though it had only recently risen from its dwelling at 0.4-0.5c), but forcing out hands (to avoid dilution), asks that we stump up with a bunch of cash, far far higher than NTL have ever asked for before.
I get that more cash, will allow for faster development, but if the rights were fully subscribed, isnt $12m enough to get us (current NTL holders, not Amer) through to production?
Overseas inventment will get involved, if the unsubscribed are offered to Amer. Positive that they will at least move things forward.
Agreed. Depending on the publishing of the finer details of course, I don't see why an existing shareholder would vote yes to allowing Amer to take a controlling share - Especially if the rights offer is largely successful and we have enough cash to fund the bulk sampling and Rahu obligations.
Let Amer buy on market if they are that keen.
Don't understand the buying at .007c when the rights can be bought at a total of .006 ...... very strange?? Buying the rights has to be the best for all shareholders.