Looks to be an article on NBR online about this company, sub ran out so cant read it
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Looks to be an article on NBR online about this company, sub ran out so cant read it
When does the rights issue get listed on the ASX? Its trading here as NTLRB but I cant find it on asx yet.
Cheers
Thanks for that.
Trying to get my head around this Rights issue. On reading the offer doc it would seem you simply choose which currency to settle in so perhaps this does not disadvantage Aussies holders afterall?
But I'm puzzled about how trading of the rights commenced May 7 when the record date for determining entitlements is 7pm tonight 9th May?
How are people selling rights that have yet to be allocated?
There's not much support for this rights issue, is there? NTLRB are now on offer at 0.1c.
Last month the head share was trading at 1.5c. Have company fundamentals worsened? No - in fact, IMO they have improved. That Chinese proposal if accepted would've sucked profits out of the operation to the detriment of shareholders.
Come on folks - invest in this local gem. It's not a lot of gold but it's ours - let's fund what's required to get it out of the ground.
Discl: holding a few with every intention to take up my right to purchase half as many again @ the very good price of 0.8c.
I'll be taking up my full allocation...
So the rights did not sell at all so does this mean the head share price returns back towards where it was pre the rights issue? Depends on how many shareholders exercise their rights I guess but the lack of interest suggests we will not have a great number of additional shares issued and the 0.8c is very cheap come next Tuesday. The gold is still there and I'll be looking taking up a good proportion of my allocation if only to help get the show on the road.
Sorry to be lazy, but....
is the 28,800 Oz of gold in the offer document the total reserves for the mine? Any written information available on possible upside?