Grrrrr, meetings all day today, Im really hoping the announcement comes out after close tonight, preferably before dinner though - will then know whether Im on the chuck steak, or the eye fillet.
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Grrrrr, meetings all day today, Im really hoping the announcement comes out after close tonight, preferably before dinner though - will then know whether Im on the chuck steak, or the eye fillet.
Okay since the NBR Interview and Article are paid subscription only, I will give you guys a summary.
Comments are from what Calida Smylie said in the interview, what she wrote in the article.
And what Mat Hill said in the interview and also what he has said previously, so as all media does these are quoted a tad haphazardly, but here we go.
She did an interview 1 year ago and since their have been a lot of developments at the mine, and they have ramped up operations since then she thought it would be time to do another update.
AND, a few shareholders had contacted her recently (probably some of the posters on here I would think) wanting to know answers on why they had asked for more money through the SPP when just 1 month ago they had said they were fully funded.
She asked that question to Mat Hill who said:
My paraphrasing here:
"Since getting NEW INFORMATION they have upgraded the resources at the mine and want to raise more cash to speed up the process and take mining to higher levels".
They want to extract maximum allowed from Dubbo - that seems to be where the money is.
Their is more gold at higher grades that what they thought.
The reporter asked why have the capital raise first and then release the report.
And whether it will be out before the rights issue closed on Sep 22 (she obviously interviewed him a few days ago, bit slow on the reporting and publishing aye).
Matt said:
"14 working says, it is with the technical gentlemen and the technical delivery of resources is not an exact specific science"
"I assume it would be out in the market place as required by disclosure as soon as its complete".
25/8 family stake reshake from company interests to personal interests was this mere coincidence ?
Mr Hill says "Coincidentally my father restructured the family trusts pending redomicile and I was not involved in the restructuring, there has been no change in the ultimate hill family holding"
I also saw a comment that said: "resource consent to mine will be triggered latter this year"
Not sure if this was old news or not.
Serious!! Ah please can you screen print that snippit and send to me, or just post the sentence prior and after that?
I've never been in the paper.
I'm open to interviews. Payment scale is fine. I demand my 15 mins of fame!!
Oh can I go to the library and read this hard copy or is the paid for stuff only online? Don't know how it works.
Isn't the anticipation for this just great eh? Its like waiting for the best Chrissy present(mine was a video game system in the 80's)
Fatman you can get a free 30day trial subscription here https://www.nbr.co.nz/subscribe/207256
Then with the profits from the SPP you can upgrade to your free trial
disc i do not work for NBR!
Thanks for the PM. And thanks for the subs will give it a go now that im in the business world again.
Bullish Just to your post 2897.
My point about very shareholder being able to have the same access to shares at 2.2 cents regardless of the size of there initial holding up to 15000 dollars is very favorable to the small holders. A pro rata cash issue if taken up in total leaves the % holding in the company the same as before the cash issue. This SPP will increase the % holding of smaller holders.
Why that is cunning is that NTL needs more holders with skin on the table. If say they had only 5 thousand before the SPP and then have 20 thousand afterwards, they will be a lot more vocal about the outcome of the success of the mine. That was my point.
[QUOTE=Yoda;681957]If the offer is only open to current holders, how does it increase, to have more shareholders ? Or am i mistaken ... /QUOTE]
it dosen't increase the number of holders,but it does increase the number with significant holding that will care about the company.
So when will the trading halt be lifted?? ......... See the last one was lifted at 9.40am ...... They say "no later than market opening on Tuesday 5th September" so I'm guessing tomorrow morning.
Hey - my guess is the report will be released about 10:45am with the halt lifted around 11:00am.
on another note - why am I seeing the match price change on ANZ securities (gone from 2.3 to 2.6) is the going to be the opening price when the halt is lifted? I understand the price can be set for the lifting of the halt.
The update was released at 9.26am ...... 14 mins before trading halt lifted at 9.40am ...... so guess the timelines will be pretty much the same ....... your guess could be close but fairly certain it won't happen today ...... I'm picking before the NZX opens ...... times as above .... report 9.26, halt 9.40
There is very little point in watching the queues during a trading halt. The Bid/Ask queues are cleared out after the Trading Halt is lifted (notice given to the exchange) and prior to the resumption of trading, usually about 10 minutes to rebuild the queues, so what you see in the queues at the moment is wiped out and are no indication of buy/sell pressure, it's a clean slate after the TH and the market decides afresh what the new NTL SP will be.