Allotment and issue of new shares is scheduled for this Friday. Somebody bought a bundle up to 1.1c on the nzx this morning which was a bit odd. They could've purchased them on the asx for 0.8c.
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Allotment and issue of new shares is scheduled for this Friday. Somebody bought a bundle up to 1.1c on the nzx this morning which was a bit odd. They could've purchased them on the asx for 0.8c.
$638k raised. I'm hoping that's enough to get production underway 4th quarter as planned.
I applied for more than my entitlement, and trusting those with enough gumption to take a calculated risk with this local miner have done the same.
Seasonal demand lifts the price of gold July through September. I'm picking that within 2 months many people are going to be kicking themselves they haven't bought these at 0.8c.
It does look very tight. Have you contacted the company secretary on this, yankiwi?
I just have, and will post their reply (assuming I get one).
Must... Not... Photoshop...
http://www.watchdog.org.nz/uncategor...-our-mountain/
I'm not worried. It runs for 25 years from the commencement date of 3 December 2009.
The other stuff you refer to? Well, it's not the end of the world, is it?
Clause 4 of the full documentation only requires NTL to "make all reasonable attempts to undertake the word programme in accordance with the permit." - http://www.nzpam.govt.nz/services-dr...9&p_access_no=
Could be up for debate, but I'm sure so much as bending over and picking up a rock is mining as far as the placard wavers are concerned. From that perspective, mining has begun.
Here's NTL's reply...
(I've written back asking them to inform the market of its drilling schedule.):
"We are aware of our permit conditions as are publicly available to you our shareholders.
We are unable to provide you any information as any information must be provided to all shareholders not individual shareholders seeking information.
Thank you for your support.
Kind regards
Matthew G Hill
Executive Director
New Talisman Gold Mines
Really dumb question, humble apologies, but my DB (now the ugly blue ANZ) shows me with a TRADABLE_RIGHTS_CONVERSION on 3 June 14, seems I got 1 share for every 2 held - I cant see any "news" that shares were issued on the day. I have been a long term holder, so may be just getting rewarded for being loyal?
Can anyone advise?