:) ahh, yep
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It could also be due to the dilution effect of the greater number of shares now in circulation bought at a lower price. Hopefully market forces will quickly absorb this however. My concern is that any good news/SP rise will trigger another capital raising at a discounted rate which has happened several times in the past. If i get to to the AGM I'll be asking for some comment on this from the Board. One hopes, together with expected gold sales they now have sufficient funds in the bank to service and grow the mine it at a steady rate.
Shareholders have just pumped 3.6M$ into the stock and you guys are surprised there is not much more buying interest.
Try buying $50000 of shares and see what you will have to pay for them.
"try buying $50000 of shares and see what you will have to pay for them" - probably close to $50,000 (sorry had to :)
- probably close to $50,000 (sorry had to :)[/QUOTE]
Well done . I am hopeful , In fact more than hopeful that shareholders will make some good money out of this share and it will be well deserved.
Well, that's awful for you, Rosco and whatsup. Truly.
I have a similar story, maybe worse, with a couple of junior Aussie oilers - Target (TEX) is one, the other has changed names many times since I've held, from NEO to QPN to IND and they want some more money now and are going to change their ticker code back to NEO.
On my portfolio, they show horrendous losses of 97% and 94%. Yes, better forgotten!
(On the brighter side with Aussie oilers, I've made 28% on Beach (BPT) in less than a month. Still holding)
But I have only been in NTL a year or so, through just one cap raising, and I feel pretty darn positive about them.
Let's hope we all make some money out of this company soon.
The original Crown Mines in Karangahake started in 1883 and did not pay its first Dividend until 1896. Between then and 1926 3.5 million ounces of gold was taken out of this area. So in that case it was worth the wait. The good news is that we will not be waiting anywhere near as long as the original mine.
Not sure if there is value counting capital rasing before HGD and NTL. I think anything prior has to be a write off as they were not able to get to this position that the current management has achived
The VWAP today was 0.815c
I find this figure of some interest.
It's available at https://stocknessmonster.com
I wonder how closely OGC are watching this all play out. it must be starting to get there attention