Classic .:D:t_up::laugh::lol::lol::lol::lol::lol::lol::lol ::lol::lol::closed eyes::lol::lol::lol::lol::lol::t_up:
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Classic .:D:t_up::laugh::lol::lol::lol::lol::lol::lol::lol ::lol::lol::closed eyes::lol::lol::lol::lol::lol::t_up:
Very, very good sir.:t_up:
Great replies and very well thought out.
But no one actually answered my question.
I don't know the answers to my questions, and I haven't bothered to investigate, as I crashed and burned big time earlier in the year.
But I have a vested interest.
If this new stock, christ I cant even be bothered looking up whats it called, is not wholly owned by NTL, and therefore NTL shareholders,
Then everybody should get out now while they still can.
I find this stock very interesting, on just what you can get away with, as far as directorship is concerned of listed companies.
Obviously anything you like.
From the two very limited announcements, it seems
- NTL has agreed to buy the prospect from Canterbury Resources for an undisclosed amount of cash and shares - weakening an already precarious cash situation for NTL and presumably diluting existing shareholders further
- Then NTL will spin off the prospect to a sperate listing while covering its listing fees, which means more cash costs
- The separate listing will be a wholly owned subsidiary of NTL, so this answers your question
- It is not clear how NTL or the subsidiary will fund further exploration, but the HY report notes further information will released to shareholders 'early in the new year'
The further funding without a doubt will likely be one or more of - Ca$h from existing Stakeholder's pockets,
listing a portion of what increased shares NTL have in CoroGold, possible in-specie dish out to HGL holders
of a bit of it, or a very hopeful rights issue to HGL holders at a ticket price & list the rest.. ;)
Directly or Indirectly NTL stake holder's pockets will likely be intended target for things .. ;)
(if that doesn't work maybe recruit further additional targets to the pool)
Remember the scheme of things when E-cademy was floated off HGL shareholder base for listing
Perhaps the same finance talent as was onboard back then is still in place now ? ;)
How long has (Jane?) been onboard looking after the finance strings for NTL / HLG ? ;)
As all can see on the SCANTEST Whiff of this released so far, punters have really taken to
the mulled scheme like ducks to water .. probably mostly flying away, if the SP fall is any indication .. ;)
NTL badly needs to acquire some real credibility in the market, perhaps get onboard professional PR talent
if they expect any of these sort of schemes to garner interest out there and to start delivering results
on long overdue projects that are still in snails pace progress mode .. ;)
Don't forget NTL actually target all and sundry,sure they start a capital raise as a shareholder only CP but usually when this is closed,they then then open it to all and sundry.So it's never a special to reward long suffering shareholders,also there is never an offer to institutions as they know it would never fly.
If there is another CP,I think it would confirm that there is never going to be gold coming out of that mine.It really needed to be in production within a couple of months of the last CP.
This whole thing reminds me a bit of Gold Rush in Guyana. Too much Todd Hoffman and not enough Tony Beets. Tony would have this gold processing in hours
Haven't heard from peebee lately?
The Heels have been moving.
Has anyone else noticed how many 'one hit wonders' come onto the threads, sometimes dropping a bombshell, then no further posts, or disappearing?
With the effort required to register, whats it all about?
Or the people who take the time and effort to register multiple aliases, like "bullish" and "epithermal". Maybe they have multiple personalities too, and this allows them to argue back and forwards with themselves.
Those are the sorts of people I want running the companies I own!!!! 😏😏😏
Welcome back Getty lol to the Never Too Late to lose money thread.