I recently had a pm from a shareholder stating she would not have bought into the rights if she had known a posters identity .
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Maybe its Matty Hill buying at $0.02, trying to have one last laugh!
Do remember, that pre the rights offer and share consolidation, NTL spent a lot of time floating between $0.002 and $0.003 (remove a decimal to allow for the consolidation), so market valued it as such. Yes, dilution would drop things.
Key will be whether market expects Jonu and co to succeed. Im sure hoping he does.
DYOR - but NTL IMHO is worth a punt.
No that is not what I posted .
I know very little about the company apart from what I have read on here and been told .
You keep on posting about how shares can be obtained from jonu at 1.8 cents so I found it strange that it was posted here trading at 2 cents -and offered a possibility-do you know a reason that is more likely ?
[QUOTE=Paint it Black;997101]Possibly Sharesies purchasers. Any director buys would need to be disclosed so forget
It's a deeply risky gamble. The company is on the brink of failure, and selling gold seems several difficult steps away, with little transparency on how it's going to get there. Eg. how will the ore be processed? Just a counterview to the repeated over-optimism above.
No that was never a possible reason and we have been told here that jonu did not take up his full rights at 1.8
I just want to know why it traded at 2 when they can be purchased at 1.8 .
Why are you waiting to trade at 1.8 when you can save fees by buying from jonu at 1.8 .
I've mentioned this before, what's stopping them from shipping the ore in containers over to Aus processing?