The volume of NTL shares traded has picked up significantly of late.
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The volume of NTL shares traded has picked up significantly of late.
Sorry, someone should have welcomed you to this thread by now. It has picked up quite a bit but the price hasnt done much- usually takes a couple of days for things to sink in over in Oz so we may still see some interest from the Rahu announcement. We are all hanging in there.
Cheers and welcome:)
Welcome R3V3R3NT. That's hard to type.
I was bought here many moons ago after a wild moose appeared to me in a dream and suggested that I didn't have any gold in my portfolio. I have been in the wilderness for some time now without seeing any gold and the acronym DYOR ringing in my mind.
Disc: Wasn't really Moosies fault but I always believe the last opinion I read and his was in front of me at the time.
Hi all, and welcome new users,
I have held this stock now for a long time, and have seen no real returns apart really. I think a lot of other long term holders are in the same position and would like to see this ball rolling. As for the gold producer, I would say it is Newmont. Wouldnt want to have to ship our ore to a far off producer if we dont have to, and Newmont is very close to the Karagahapi Gorge and the mine, so that would be a safe bet.
I am looking forward for things to come, when people start writing about the company, such as ProActive, it is generally a good sign. Recently another one of my stocks just started to get covered by proactive and it brings a lot of interest, so this is a good sign. Hopefully we will see some real progress made soon, really we are waiting for one announcement that regarding maybe a JV with a gold producer or the like. That day will change this stock. But it also may never come. Who knows, we all know the risks involved in a small startup mining company, and if you dont you probably shouldnt be here :eek2:
Dej
Not your fault Moosie. I bought this in a fit of excitement at 2.5. The SPP actually saved me as I bought way more than my initial holding and now my average is within striking distance 1.4 cents. Its actually kind of cool owning a gold mine. I will be hanging in there for the long haul.
Bit confused about all this...
New Talisman Gold Mines Limited (New Talisman) intends to undertake an offer of up to 204,219,035 new listed shares (the Offer) from the shortfall from the pro rata 1 for 2 renounceable rights offer which closed on 6 June 2014.
https://www.nzx.com/companies/NTL/announcements/254587
and
For the purposes of Listing Rules 7.12.1 New Talisman Gold Mines Limited advises the following
Securities have been issued:
a Class of security Ordinary Shares
ISIN NZHERE0001S6
b Number issued 4,375,000
c Nominal value $35,000
d Payment terms Payable in cash
https://www.nzx.com/companies/NTL/announcements/254587
So, Geoff Hill gets to pick up $4.3m shares at .08 now that price has firmed from .08 (at time of rights issue) to 1.0 - 1.1 ? (after Rahu and 3 other price sensitive announcements)
https://www.nzx.com/files/attachments/199572.pdf
Do we all get this opportunity?
I am probably misunderstanding it, but need help here
'I found it.
The shortfall shares can be placed at the discretion of the Board no later than 3 months after the closing date of the offer which is 6 September 2014.
https://www.nzx.com/companies/NTL/announcements/251517
But it doesn't make me any happier...
Some dilution to come. Who else will the board favour?
Immediately after the only partly successful rights issue NTL advised that they would "seek 204,219,035 shares prior to 6th September 2014 $1.63M", hence today's announcement.
It will go to soph's probably at one, two or three cents below vwrap, but if it fully capitalises the venture all shareholders will benefit as the company can thus now move forward and get on with mining the glittery stuff.
It is a shame that we kiwi's put all our hard earned cash into real estate rather than companies like NTL, must be a total frustration for small start-up's like this, could though also be something to do with asking price too.