good post gmatt thanks.
So you reckon matt hill is sleeping nights,you have to remember at the current SP the current NTLOA options are not worth the paper they are written on
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good post gmatt thanks.
So you reckon matt hill is sleeping nights,you have to remember at the current SP the current NTLOA options are not worth the paper they are written on
It's got to be concerning that the share price is down at 2.2 and 2 on the ASX,.which is even below the SPP. I don't buy into the theory that people are selling at these levels to fund buying more shares at the same or even higher price. Regardless of the options attached to the SPP. I think more likely people taking profit. Don't forget that many bought into this at 0.5 of a cent just over a year ago.
If this doesn't recover at least to 2.4 and 2.2 in Aussie then the capital raise will fall flat.
Although I don't necessarily think a labour government will affect ntl, it's definitely an uncertainty and not helping.
A very ugly close on the ASX, down to 1.7 with plenty of people wanting out.
I don't think it'll be an easy recovery back above the SPP price unless there is good news in the pipeline... I think the share price got ahead of itself and had priced in a bonanza JORC update which disappointed.
NTL's ASX performance today is a classic example of everyone talking a good game when everything looks good, but secretly they have all been eyeing the door. After all Bonzana was the major announcement they had been waiting for and nothing else expected till November, so its not surprising many will prefer to take the money now than wait in limbo.
Management has played their cards terribly. When you call for a capital raising especially one that takes shareholders by surprises unless you deliver an incredible reason after then they've actually increased the risk of the investment by that surprise. For a stock that had a good amount of certainty regarding its path it has turned a bit south and as I said in a past post if you don't have certain then it'd still be alright if they had the cash. Though with the share price in the ASX down and a very good chance it'll scare shareholders on the NZX to sell, the share price could be lower than SPP offer price which would be a low chance to raise a good amount of capital.
I think the announcement of Maria quantity is actually the least interesting part of the announcement.
Ntl have got their thinking caps on and sorted out a way to get a larger quantity of ore out at a higher grade level, saving a whole lot in many areas including multiple environmental facets. They gave gauged the negative sentiment well and are looking to achieve the lowest footprint possible. Money is required, it will pay itself off well as the assayed concentrated ore can be easily sold off or refined by others as it is of a great grade. Happy to wait.
I tend to agree - the issues I can see are as follows;
AGM on 20th
SPP Offer ends 22nd
Election 23rd - this is where investor nervousness will be, I don't think that anything will change with a labour Govt but it still spooks people.
What are they going to do to get the SP at or above the SPP offer of 2.2c before 22nd. If they don't then this falls flat an is another potential shock for the SP
Happy for anyone to poke holes in this theory.
*** Opening sell today at 2c.
Things looking a little silly now on the sellers side on NZX, not a buyer in sight ...
oh here come one or 2....
ASX has good strength at .015 , so wonder what that will look like in 2 hrs time
1.8 cents now. Doesn't look like it will be a pleasant day. Big wall mounting at 2 cents.
Only the brave buying now. If it stays at these levels (which seems likely) the SPP will fail and the SP will suffer further as a result. It also seems unlikely they have another killer announcement up their sleeves between now and then. I'm not down-ramping, I believe in the stock but short term this thing is looking pretty ropey.
Man this is the complete opposite of how I thought this week would play out. Learning experience going on right now.
Nervous yes, selling no. I would have a sick vomit feeling if I'd taken up the spp early. Think I'll stay away from the share price for today.
Buying consideration? Not brave enough.
Today I bought what I did consider good buying - at the time @ .002 for the oppies which is to my mind a better buy as it clears the election date, SPP update and keeps my options open for a late Nov decision -- I hope it works
When the company relies heavily on equity to raise funds - particularly when the share price gains any traction, any share of capital appreciation from growth is diminished or negated through dilution. I think that is a disservice to long term holders, to see the growth in their very company diluted every time it seems to grow. NTL started off with 82M shares at one point, how did it end up with 2b, and now potentially 3? with capital appreciation out of the question for now, it all comes down to when the gold comes out of the ground and when the green river can start flowing.
Really shows the ASX is the stronger market in this, initial prices rises were spurred on by the buying in the ASX and now the decline is spurred on by the ASX too. Current prices will hold for now, but NZX will look to the ASX opening to decide how this really places out today.
I wonder if management had any idea this would happen (to this extent)
Sad day for NTL holders and not looking good for the company going forward.
A rare red arrow for my portfolio which reminds me to dust off my rule to 'avoid mining company shares.' Trouble is that my other rule was, 'all rules are made to be broken.' Thankfully only a small holding, but I certainly won't be taking up the SPP offer.
Lessons for us all in this one. Seems the market doesn't like the opportunistic nature, (and dilution effect) of the attempted cap raise.
Its hard to watch this and I absolutely hate the red arrow on my portfolio (because yes, I only just jumped on this bandwagon). This is a time where I think to myself, "a fool and his money are easily parted" or whatever that line is. :) Oh well, I guess I'll just have to wait it out and hope for the best to get my money back at some point, which must surely happen given they reckon the gold is in them thar hills.
How could they not expect that after throwing such a wild curve ball at their holders. They essentially prepared us a compliment sandwich - investor style - good news, controversial news, and finally good news. Except they forgot the sauces and they let the burger get too cold before serving it.
Lot of good comments on this latest developments.When you say the ASX led us up now down [SB888] you are to my mind leaving out a very big development. When it was led up
Andrew Little was head of the labor party. The changes since then have somewhat spooked NTL and I believe the AUS are more onto this that NZ.
The mistake that NTL have made is having the SPP this side of the election. The number one rule of equity markets is that they do not like uncertainties. Note over many decades the American market will go up a certain % if one govt gets in and will go up almost the same % if the other party gets in. But in the meantime no one knows so uncertainty.
On the broader picture NTL must win as the world is slowly going away from Bitcoins where again today you can read on OIL .COM that the govt are moving against them. Also the world has in the last few years not replaced its gold used.
shame I will not be going to the AGM as too hard getting in and out of Auckland.Much to discuss. I really liked the idea of making the product out of the mine having more gold but if this SPP fails we should keep that open and come back to it in the future [[AFTER THE ELECTION MANAGMENT PLEASE}}
Im waiting for "the ore concentrator is already on the boat" announcement because that's what I would be doing...start getting your ducks lined up asap.
Is there any way the spp can be extended beyond the 22nd? That would be a smart move to get the election out of the way. I suppose when this spp listing date was thought up National were going to romp through, prior to Jacinda jumping in.
This takes me back to Heritage Gold days 2001-2002. Lost a bit over $7,000 that time:D.
Might see Newcrest sniffing around?.
We got to have someone sniffing to get that gold out the ground. Gold fever has turned to drown sorrows in a bottle of jim beam fever.
This is a very strange notification around exercising options "in the money" etc?
This is a reminder that your listed options expire on Nov 28, 2017.
The options are exercisable at A$0.02 per option to convert into shares. NTL
has determined that it will also accept the New Zealand dollar equivalent
payment, being $NZ0.02165 per option.
The options are currently "in the money" and NTL shares have consistently
traded in the money for several weeks.
The company currently has a share purchase plan offer underway. NTL
encourage you to exercise your options, in conjunction with the share
purchase plan and accordingly to return your option exercise form as soon as
possible and by 22 September 2017. An early exercise of options will not
affect any Share Purchase Plan entitlement. If you do not exercise your
options by 22 September, you can still exercise closer to the expiry date 28
November.
Any documentation or payment received after 28 November will not be eligible
to convert to shares as the option will have expired.
If you wish to exercise your options please complete the attached form and
return as directed on the form.
November options "in the money' supposedly
This latest SPP might even alter their 'funded through to 2020' budget
How to shave $20+mil off the value of your company.
I love this thread :blush:.
It is real education and entertaining.
Best Wishes
Paper Tiger
Looks like the options aren't in the money anymore, seems NTL mangement have a problem with timing their announcements at the worse possible time. 2 for 2, will there be a third?
I think Matt H and his mates are in for a flame grilling at the AGM. I hope so, seems there are a few too many unanswered questions stacking up...
Should have followed the maxim, buy the rumour, sell the news. I wonder how the AGM will turn out. Might make for interesting viewing.
Oh well I just bought my 15k of options.
But I paid 1.8c for them instead of 2.2c so I am happy :)
Time will tell but I am happy as I almost bough them at 2c :)
I am getting back in, yahoo, its play money anyway in comparison to property developing
Post note: option docs in the bin
Over and out till after the AGM and the Election
Lets see if that brings some certainty and a clear path ahead, but obviously at a slower rate now that the new SPP has failed.
In all serious, does this last announcement constitute false and misleading information? It blows my mind that they released it. Pertinent sections bolded:
This is a reminder that your listed options expire on Nov 28, 2017.
The options are exercisable at A$0.02 per option to convert into shares. NTL
has determined that it will also accept the New Zealand dollar equivalent
payment, being $NZ0.02165 per option.
*The options are currently "in the money" and NTL shares have consistently
traded in the money for several weeks.
The company currently has a share purchase plan offer underway. NTL
**encourage you to exercise your options, in conjunction with the share
purchase plan and accordingly to return your option exercise form as soon as
possible and by 22 September 2017. An early exercise of options will not
affect any Share Purchase Plan entitlement. If you do not exercise your
options by 22 September, you can still exercise closer to the expiry date 28
November.
Any documentation or payment received after 28 November will not be eligible
to convert to shares as the option will have expired.
If you wish to exercise your options please complete the attached form and
return as directed on the form.
* Factually in-correct at time of publishing. Even if this was correct isn't this mis-leading by nature of the claim given the markets are, by their very nature, volatile?
** This attempts to imply that those exercising options should do so at the same time as exercising their right to buy in the SSP thereby encouraging them to prematurely exercise their options for no other reason than postage costs at the current share price.
As I write this the SP is not 1.5c AUD, equiv to 1.7 NZD.
Disc: Former holder who did not lose their pants.
Don't you feel it could become a rap?
NTL NTL the time is now
You've got options, you're opportunity
Cause your 'in the money'
All that gold in the land of honey
Lets dig it up now, lets get underground
The greens got nothing on us
Cause we're NTL, NTL and the time is now
You've got options, you're opportunity
Cause you're 'in the money'
Ok perhaps I should stop lol
On a more professional note:
Announcement should have been more professional
-First rule of thumb, I find managers who talk about shares prices to be self serving, management should always refrain from discussion share price. Also don't talk about a share price exercising options when several weeks proves nothing, if it was several months that would be a bit more different.
-Use of 'in the money' was too casual
-Their encouraging plead sounds desparate
-Lastly the announcement was border lining on unnecessary, all it should have been was two sentences giving option holders a reminder.
The "we encourage you to excercise your options" is a nice touch that leaves a poor taste in my mouth frankly. Last time I heard that was when someone tried to sell me pyramid schemes.
Misinformation aside, the coercively worded letter is just appalling, screams desperation.... hats off to the lads who ran out the door while it was "in the money"
Possibly an appropriate time to roll out the hounds theory on N.Z. mining minnows.
This jaundiced dog that's been bitten before reckons the big dog's like BHP and the secondary majors on the ASX get the best geologists, engineers and related experts and Kiwi mining minnows get nothing but the leftover scraps. Why would any one that was really good in their field of mining endeavor aspire to work for a penny dreadful doubtfully funded Kiwi minnow ? Just a thought to ponder...
Disc: I regret not getting the popcorn on a little earlier with this one.
I like the rapping. Well done.
It is possible this notice is a response to regular inane questions from option holders wondering how it all works. Hence, at least, some of the detailed content.
Just wait. Many of us have waited a long time ...all of you late catchers can do some too... Once the stuff starts coming out of the hill we will all be smiling. Patience...
Thanks! ^^
It could have been a responses to options holders questions, though in a professional stand point they should always be advising someone go to a financial specialist to advise them on the matter. An investor is expected to know what they are buying and not up to company management to explain it and I doubt that announcement did much to answer anything other than to serve as a reminder.
We need to remember someone is buying all these shares being dumped. $360k so far today on NZX. So someone is buying
Storm in a tea cup, turnover only 20 mill, PEANUTS.
I think a lot out there were in it to make a quick buck
For those that did not enter in at 0.5c and only came in at a higher sp probably knew announcements were coming expecting sp to go up looking for a quick turn around and selling off for profit. These people are now running for the exit after unexpected spp, they are not long term holders.
Warren Buffet seems to ring turn for NTL, be greedy when others are fearful (running for the exit after spp and potential new government)
If it drops more could be a good time to buy
I agree Cammo.
Ideal scenario would have been sell most of my holding at 2.6-2.9 but still be on the register. Then be filling my boots now and have maybe 40% more shares. However was taken by surprise by the SPP. BUT.......
Is there any less gold in the ground? No
Have management outlined how they are going to extract more gold more efficiently? Yes
Let the short term traders win/lose. NTL just announced another 73000 ounces at high grades with a further exploration target with up to 600k ounces at high grades. They have more veins to add to JORC by December.
Can a Green/Labour government stuff them up with schedule 4? No. My understanding is that schedule 4 allows underground mining (not open cast). NTL's ground disturbance is all done, their site established.
NTL have a 25 year mining permit.
Other than the dilution from the SPP the fundamentals are better than ever.
Would I prefer the SP hadn't taken a dive? Of course. But as I'm not selling it is of no immediate concern. Let's see where it sits when the confirmation grades come through from the bulk sampling due to start in December.
I also considered doing as you say and dropping out and back in again.
But the facts remain:
Permit in place
almost half a million ounces now. possibility of over 1m ounces. Its getting fairly esoteric now - theres more than enough gold for a reasonable mine life already and theres more down further once theyre going.
Their timing might be viewed as bad by some scalpers, but we dont know what cards they are holding so cannot evaluate their behaviour yet. AGM may result in some rationalization of this. But nevertheless, we are finally at the precipice of Aurum removal from the mine and the current price is excellent.
From polls, it looks as if greens may not be enough for labour so Im not sure that would work. May need a three way, but you know that one partner always gets favoured in a three way. Starts getting hard, may be easier and more likely that king winnie goes with the blue boys and gets his bow-out as prime minister or finance or some such gig.
not much of an issue, if reds get in theyve got to miraculously build affordable housing and all their other ideas to worry about NTL for quite a while.
Excellent posts you guys and yes best to ride this out in the short term.
At this point and if the sp stays at .18c, is the spp dead?
If there's no funding from the spp will this mean there's a chance of delays in trying to get new funding?
In which case a nice offer to ma n pa prior to offer from interested party makes perfect sense no? only fair to offer it up before the big boys open their wallets to take up the gap.
Well this is certainly something to ponder while I lie awake in bed, with a big fat red arrow getting longer.
Buy more at this reduced price getting an extra 150k shares more than the SPP. OR wait till next week see where this settles at buy some then. OR just sit it out, hope Jacinda has a skeleton in the closet(paid for dental work with public funds) and hope she'll come right.
What a joe of a bulletin board this is with one thread for each company but when was the last assessment of the company's value done?
First of all, NTL has a mining permit. Second their resource consent is only for 3 years (from date of issue) and it only allows them them to mine 20,000 m3 of material p.a. using a single explosive blast per day. Even with the high grade ore that has been encountered that limits their ability to produce gold. This will limit the company to gaining revenue of $11M or so p.a. until they can obtain permission for "full" mining.
The company has not given any figure for the All In Sustaining Cost (AISC) of mining the currently proven resources using this "bulk sampling" consent and so earnings are still a bit up in the air.
For the company to fly, it has to obtain new consents to increase the level of mining. That is where the election becomes an issue. If Labour/Green get in (as looks increasingly likely) who have already said (both Greens and Labour spokespersons) that they will place the Karangahake Conservation Area under section 4 of the Mining Act which restricts mining. That will mean the Minister of Conservation needs to give NTL an exemption for any new access to mine outside of the existing mining permit, as would be required for the Rahu prospect and possibly for the full development of the Talisman mine. Not impossible but much more difficult with a Green coalition and who knows who the Conservation Minister will be.
Beyond that, a new resource consent is required to go beyond the current bulk sampling. This is issued by the Waikato Regional Authority for water treatment and the Hauraki District Council otherwise. The normal public consultation process will be required. This is the really difficult bit in my mind because all the environmental impacts are taken into account. The much larger amount of tailings will need to handled in the Conservation Area or removed somewhere else in an acceptable manner. Plus the activity of crushing ore, treating it for concentration and then refinement has to be approved. Perhaps this can be done outside the Conservation Area and I note that the Waihi Mine already does the full process. Historically, there was a strong flow of water at the lower levels of the mine that needed to be pumped out and discharged. The company has not given any assessment of this to date. The water will not be alowed to be pumped straight into a stream/river but will need to be treated before discharge. A permit for minimal extraction and treatment of ore is one thing but a full-scale process is something else.
No doubt the company has been lending its mind on how to succeed with the above but we have no public info and a change of Government will change the situation.
The gold is there but when can it be extracted at substantial levels? On that question you have to decide what the present day value of the company is worth to you as a shareholder.
Interesting points Silverback, however many of them are a little off the mark.
The company has a 25 year mining permit. The 20,000 m3 aspect of the bulk sampling resource consent is partly why they want the ore concentrator. Beyond this, yes they do need to apply for a RC to fully mine. This would be hard to decline as the issues have already been to Appeal and thrown out for the first consent.
The company is updating the ASIC as part of the updated feasibility study due by the end of the year. Earlier indications have been around $800 an ounce NZD. There have been movements in the exchange rate and gold price since then with a significantly higher profit margin at current prices.
Schedule 4 may be an issue if they are looking to access through entirely new areas. With Rahu that would be a JV problem with Newmont, although I'm not sure that even involves accessing through Conservation Land. Would be a good question for the AGM.
I don't know how you calculated the 11 million figure. But if you take the ore concentrator into account, Matt Hill is saying 100,000 tonne of ore can be extracted under the current consent. Without allowing for silver and allowing for 17g/t I come up with a rough profit of 59 million per year, going on the $800 an ounce cost figure. Even if you halved the g/t the figure is still very good.
I'm not a miner, but it would appear the gear they want to use won't rely on blasting. Again another question that might be asked at the AGM.
I have always tried to value the company on the JORC. Once the SPP (and possible subsequent shortfall placement) is out of the way, true value will emerge.
Silverback and Jonu both informative posts thanks for taking the time to post them. We need info from both sides and its clear where you guys stand. Me, I'm in the middle. At this moment I, like many others here, am disappointed in the direction this has gone. I'll take the short term goggles off and wear the long term cap. Wait this out.
Who's staying on the bumpy bus ride and who's jumping from this moving vehicle steered by Matthew Hill?
And it doesn't help with stories like this on google alerts - Is New Talisman Gold Mines Limited (NZSE:NTL) Overpaying Its CEO? - Matthew Hill took the reins as New Talisman Gold Mines Limited’s (NZSE:NTL) CEO and earned a total compensation of $356,000 over the past year. We’re going to find out whether Hill’s stock-based compensation is in-line with the salaries of CEO-peers in globally recognized companies. In 2015, 60% of total compensation for S&P500 CEOs were stock-based compensation. Although NTL is a small-cap company operating in New Zealand, and may not be directly comparable to their larger counterparts, this analysis is still useful in terms of helping us understand how the company’s CEO is incentivised, and the level of alignment with shareholders.
Full story here https://simplywall.st/news/2017/09/0...aying-its-ceo/
Hi SilverBack, interesting points you raise about the consents required for water treatment and discharge.
The history of the Talisman which can be read here, especially the DRAINAGE section:
http://www.ohinemuri.org.nz/journals...ne-karangahake
says the mine floods below Level 12 (river level) at a rate of "25,000 to 30,000 gallons per hour" when the nearby Crown mine's pumps were working, so the without Crown's pumps running the current figure is probably higher than that.
Does it require a consent to actually pump the water out? I'm guessing a separate consent is required to TAKE the water, as well as to later DISCHARGE it?
Hi jonu, yes excellent question for the upcoming AGM, "Is it true the Talisman mine is flooded below Level12?
If so what are the company's plans to deal with this, especially as in the recent 5th Sept 2017 Bonanza announcement it identified the lower reaches of the zone below 14 Level as a Global Exploration Target likely to yield a vein width of between 1.6m and 2.4m with mean AuEq grades ranging between 17.10g/t and 21.6g/t, for between 300,000 and 600,000 contained ounces?"
Question 2: does ntl plan to sell any of the remaining share offer to newmont, oceana, Amer or any other party.
I dont think anyone connected with an anti-mining lobbyist group is allowed to attend the agm.
Question 3. Can the SPP be extended?
Normally that only happens when the company has stated how much it plans to raise and usually when they don't quite achieve that, they tend to raise the shortfall from someone else. Here they haven't stated how much they need, so any issue of shares would likely different capital raising from the current one rather than from a shortfall of this one.
Yes management have the power to extend the SPP if they feel it is necessary, given circumstances we would likely see an extension as very little amount of people would likely take up much or any of the current SPP given they can buy cheaper on market. Also a extension would bring it closer to option expiry date and you know how the are 'encouraging' shareholders to exercise those options it'd be quite suitable.
SP is back to .18 in aus up.02 today could be the start of a bounce.It should settle at .021/.022
I'd agree...the SPP at 2.2c took the market out of the game when the SP was hovering near the 3c figure. Goodbye buyers. Hello sellers.
An SP of 1.7 invites the market back in again. Welcome back.
Yes I am still very happy, I bought my first lot at 1.8c and then leapt in at 2.5c and even a few at 2.7c - ooohh happy time.
But I also got $15,000 at 1.8c yesterday, while I put my 2.2c options papers in the bin - very happy to do that.
Management might be good at mining but they are useless at the share market and they have said so in releases before.
They have absolutely murdered the SPP and investor faith in this product.
But, they obviously believe 2.2c was a bonus price for existing holders, and they also indicated future value at 5.5c.
And they are intending to do a lot with these mines and wish to ramp up operations, they would not have looked for more funds if they didn't think so.
My holding are up to about 70k and will have a little green arrow when it hits 2c again.
I am happy to be sitting their.
After election is complete and AGM is over, all the uncertainly will be removed.
Then we have better results and news and gold coming out latter this year, and they will find a way to find money to ramp up extraction.
I am very happy SP went back down to 1.8c for me to get another $15,000 of shares.
I am in no rush to sell, this is better than Kiwisaver and more fun.
Back to .02 atm so will people partake in the SPP now ?
In other news today, gold just went through $1350 USD an ounce. Keep doing the maths folks.
simple answer is no.Most people see this as a speculative stock,which is fine if you are not matt Hill.He is desperate to increase the shareholders base,to help with funding.
I for one came in at .005/6 so am more than happy to hold long term,and participate in a sensible SPP if it helps the company.
Those of you gold investors who have not visited KITCO .COM I suggest you do so.
Many good articles about what is happening with gold. In short it is going higher. Both the Chinese YUAN and the Russian Ruble are backed by GOLD. Western countries are not and I believe that is a change coming. Worth a read and some thinking
Cheers all
lets look at the maths jonu - just simply, as an overview
lets be generous and say there is 500,000 oz of gold. (equivalent incl silver)
lets assume $1800 NZD per oz. = $900,000,000 revenue but we need to take outs costs of extraction and investment etc
From the company - Unit cash costs were estimated at NZ$692/oz.with an all in cost, including capital expenditure of NZ$1166/oz
I'm not sure which of those a new investor should use so I'll be generous and use the lower figure 692
So that means the mine could generate profit of (1800 -692 ) X 554,000,000
There are 2076995855 shares currently (this could increase )
By my calculations that is 24cents per share
How is that so far?
People who sold at 1.7 and 1.8 and 1.9 must be kicking themselves now.
Not much left being sold at 2.0
Looks like its on its way back up again
Using your figures Peat I actually come up with 26.6 cents per share profit.
That doesn't of course make the shares worth 26 cents because once the gold is gone its gone. Not to say that NTL wouldn't diversify into other areas.
Big game changers are....more JORC to come from the sundry other veins. Confirmation through bulk sampling. Massive exploration target of 300-600k oz below Talisman/Bonanza. And the Rahu JV with Newmont.
The dilution from the SPP could be large if the shortfall is taken up. The more I have thought about it I reckon they have a big player waiting in the wings to do just that. It would of course make the extraction quicker and more efficient. Exciting times
Lets see what is said at the AGM and I expect a couple of things to come out.
One an admission that they balsed up the SPP but will put that down to in-experience, not sure who the CFO is but he will get a boot up the bum if not sacked.
The other is an overwhelming positiveness about the mine and gold extraction, and specific details on this.
Once those and the election uncertainty is over, confidence and a better SP will follow.
Thanks for the best case scenario's guys its food for thought.
What I would like to know is,why have NTL have not come up with a forecast profit/loss from the first year of mining.
It is a powerful lobby, they've shut down mining companies before. NTL have one of the smallest environmental footprints of any miner, but woe betide them if that changes in any way(water use and extraction for ex). IF the lower levels below the river are full of water and flood all the time, well what then?
What I've been waiting for ......
https://nzx.com/files/attachments/265584.pdf
Yep he says, just dug out my SPP from the bin before it got thrown out, its a bit crumpled but it will do.
Might actually look at getting these new shares after all, will dust it off and see what happens to price this and next week.
They are very excited in this report about everything that is going on.
Looks like they want to get stuck in doesn't it, great news all round.
Well must say I am happy to have sold at 2.9 and brought back in at 2
My concern is if Labour do well in the polls and don't need Winnie to be kingmaker - they get in with the just the Greens then maybe the Greens might have a bit more say in policy.
Just a thought but I do think things will be a little rocky in the market in general with the election being in the balance.
Wow - someone just dumped 5,000,000 shares at 1.8
Probably cashed up to put in ATM 😀
I was a lucky buyer :) so thanks to whoever did that lol 555,555 shares bought must be a lucky number surely. Seriously why would you sell at 1.8 I think the report they just realeased is awesome.