frankly ide rather us get the spoils by funding NTL than a bank!!!
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frankly ide rather us get the spoils by funding NTL than a bank!!!
I can't do simple maths percentage, so don't ask me.:D
It was intended as a comparison of prospective rights issues and the relative incentives offered for investors not necessarily a comparison of companies ......
NTL: A 50% dilution at a 38% price discount.
CRP: A 10% dilution at a 60% price discount
Though, CRP as I understand, are also actually dual listing at present in the UK, they also have a JORC resource, they also have a mining permit and are working on a consent, they are also presently expanding reserves, their resource was also substantially explored a few decades ago, and they also anticipate production within a couple of years.
Actually, it all sounds really not too different at all now that you have pointed it out aside from relative fundamental valuations.
;)
I think it looks ok on balance having kicked the can around, I'm still cautious that the risk/reward position is not as good for NTL as I would like it to be for a start-up miner at this stage, but if you are an existing holder this rights offer looks fine at $0.008. I think the SP may appreciate a smudge in a few weeks on the de-risking too.
best wishes, Mac
cant measure prospective rights issues without comparing company and projects.
Oddly it was your comparison of companies, although I noticed that you deleted your post, I wish you well with whatever investments you may wish to make epithermal.
I'll consider posting the relative valuations for you.
Yes as one cant compare simply a discount without looking at all facets of a company its projects. I think newcrest and rio tinto hardly discount at all does that make them on your measure a bad investment MAC :p
I deleted the irrelevant portion in answer to YOUR proposed comparisons.
.....on your own valuation premise .8 is well below your rudimentary gold valuation yet you also post that its not a good deal for SH.
Which is it?
Looks like the sp has held together well boys. Seems the Nz market likes the discount MAC.
Moosie is going to get two superyatchs and major a larger grander cave full of tuis now after entitlement gets NTL producing with the funds!!!
And to top it off looks like the cobalt company is moving along with a major project.