I am going to go
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Wish I could but am starting a new job Monday and won't be able to take time off. Some holders must be foaming at the mouth with questions they want to put directly to the board now that things are looking like really taking off. Big week coming for NTL!
Hi,
wonder can we buy more options then what we are holding, is nothing written on the form.
Cheers, Odd Fellow
Long, very long time holder
How on earth do NTL work this out:-
Matthew Hill Said “With the attaching options holding a value of between .2 and .4 cents per share (based on the black Scholes calculation), the current entry price for the offer equates to 1.8 to 2 cents NZ. I am delighted by the amount of shareholder interest and support in the offer to date which if successful will allow accelerated development at Talisman aimed at increasing volumes and ultimately revenues”.
Is he saying that the options are worth between 1 to 2 cents ea? or has he forgotten that the options are allocated on a 5 to 1 basis?
My figures are
2.2 -.4/5=2.12
And that is at the top end,so if you take the bottom figure it is
2.2-.2/5=2.16
Probable still a good deal if National get in but if it is Labor +green with the greens being the tail that wags the dog it will be a different story.
Here I am again saying this SPP should have been left until after the election.
Your call
you can tell they are trying to ramp up interest in the SPP,but releasing confusing statements do not help the cause. With the SP hanging around the 2c mark there is still quite a large discount on the SPP price of 2.2c,regardless of what the options might be worth.
I will still probably support the SPP but probably not with the full $15K
Very strange ......... ASX and NZX both at 1.9c :confused:
Now both 2c ........ is something up?
Seems to be holding cosy around 1.9c...It certainly makes the spp palatable now.
I bought my spp on the asx last week for a nice price...but I'm thinking I'd like another one!
It's an interesting dilemma...
I figure if the spp is unsuccessful then the sp will head south...or at least stall....A successful spp will likely have a positive effect on the sp....
But why should I get involved in the spp when the sp is 1.9/2.0...and I can let everyone else buy the spp at 2.2c and I buy on market at a 10% discount...
But if the spp is unsuccessful then everyone may be unsuccessful and wished they bought the spp.
Far too much game theory for a Friday afternoon....And more than my brain can compute.
So I'm going to give ntl 15k and see what happens!!!
From the interest. Co. NZ policy comparison, looking at the conservation bit of the party policy areas, the greens only say stop all New mining in conservation areas. That obviously sounds like to reverse granted permits is hard.
I talked to a RMA lawyer I know and he Said that although they can in theory legislate to stop mining full stop, it would be very hard, contested and slow to enact. But stopping any new mining is relatively easy in comparison. Achievable vs desirable.
Weigh that up and decide whether to buy
When the opportunity of the SPP to buy shares at 2.2c goes.
What is going to happen to the sell orders of people still at 2c and 2.1c and 2.2c ?
My guess is that when the SPP ends there will be a gradual increase in share price.