And possibly due to the fact that this has been a sink hole for investor cash for close to 2 decades....
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And possibly due to the fact that this has been a sink hole for investor cash for close to 2 decades....
I don't much like the dilution either, but at least it is directors hoovering up shares and not unloading, albeit at a discount.
Who is going to the AGM at 11am on Wednesday 10 Sept? Lol.
Has it yet been discussed that at AGM it is up for vote to allow NTL to create even more shares in the next 12 months?
Relevant ASX rules require the price be no lower than 75% of the 15 trading day VWAP up to the placement date.
The purpose is bulk sampling preproduction etc...
Is this because the undersubbed shares will expire or just readying for another capital raising?
I am going are you Robo24 ? Have much to discuss before any more money goes into this mine.
One of the things I want to sort out is security with the gold. How do you stop a worker taking off with a good chunk,or even a mamagement insider job.This sort of security the banks and accountants have to deal with all the time.
Look forward to the meeting but even more so to the after meeting. It brasses me off that too many people just go for the eat afterwards and we end up shorting the meeting for the eats. The nZO meeting in Auckland last week was bad for that. Just got things going and the pies were getting cold so apart for me and about two others the pies won over discussions.
Attachment 6211
Hats off to the man selling at 8c, I like your optimism.
On a side note, looking pretty sparse out there.
From what i take from this announcement, this is going to be the final sampling where we will know to a high percentage of accuracy what are going to be the yields etc from this mine? accurately predict weekly production rates etc? Am i correct in assuming this?
Crush it, process it, sell it - SP lift due soon(?!?!?)
The market is waiting for some guidance on what's going to happen to the undersubscribed and potentially newly minted shares from the capital raising. I would argue that until that guidance is provided the shareprice isn't going to go far.
What is the likely outcome for those shares?
Can it be cleared up on wednesday?