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10-07-2024, 03:33 PM
#9671
Originally Posted by Paint it Black
Why do you say that? It is normal for the market SP to drop towards the offer price as holders will buy through the raise to avoid commission and as a holder why pay any more? Mining shares are speculative. One needs to be able to roll with the downside risk in order to potentially make a mint. If you can't afford a loss then best to stay clear.
I say that because the price is at par even before the rights start trading.
I will have a nibble at 0.015 cents. If it doesn't get there then I'm wrong about the flood of stock v demand equation.
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10-07-2024, 04:09 PM
#9672
Junior Member
Rights Trading begins today I believe, but my broker [Jardens] shows no trades, nor any buyer or seller depth. I would have thought there would be at least some offers to either buy or sell Rights. Can anybody shed some light on this? Is anybody aware of any trades?
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10-07-2024, 04:28 PM
#9673
Originally Posted by sailor1
Rights Trading begins today I believe, but my broker [Jardens] shows no trades, nor any buyer or seller depth. I would have thought there would be at least some offers to either buy or sell Rights. Can anybody shed some light on this? Is anybody aware of any trades?
I'm the same as you with Jardens with no trades and somehow I'm allocated 10 times as many rights approx as shares on what I think is an old ticker. I thought the rights were meant to start trading yesterday. Maybe Jardens are behind the 8 ball?
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10-07-2024, 04:34 PM
#9674
NTLRG up and running but no depth yet
Suppose brokers will catch on
ASB allows you to place order
Last edited by winner69; 10-07-2024 at 04:37 PM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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10-07-2024, 04:50 PM
#9675
Originally Posted by Paint it Black
I'm the same as you with Jardens with no trades and somehow I'm allocated 10 times as many rights approx as shares on what I think is an old ticker. I thought the rights were meant to start trading yesterday. Maybe Jardens are behind the 8 ball?
Hi PIB.
The Rights Offer timetable is for entitlement notifications from tomorrow (11th). Why the rights trading date is the way it is, 2 days earlier, is a quirk of the listing rules as far as I can tell. The record date is today.
John Upperton
NTL Director
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10-07-2024, 04:56 PM
#9676
Originally Posted by Toddy
I say that because the price is at par even before the rights start trading.
I will have a nibble at 0.015 cents. If it doesn't get there then I'm wrong about the flood of stock v demand equation.
I think it's different for those with no position or baggage to those who may come in later once the dust has settled.
Those who have a stake probably heavily out of the money need to back it to have a chance of getting their money back or better, or potentially worse just to be balanced.
The plant is key, hopefully it's in 'working' condition otherwise they are back to finding something else.
With the concentration of Shareholding in the top 10 it's pretty likely they will have a successful capital raising I.e raise at least the $2M and I suspect possibly double that amount.
Good luck to all, like Toddy I will continue to monitor.
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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10-07-2024, 09:58 PM
#9677
Originally Posted by jonu
Hi PIB.
The Rights Offer timetable is for entitlement notifications from tomorrow (11th). Why the rights trading date is the way it is, 2 days earlier, is a quirk of the listing rules as far as I can tell. The record date is today.
John Upperton
NTL Director
Thanks Jonu. Will see what happens tomorrow with Jarden not that I intend to sell any!
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11-07-2024, 12:01 AM
#9678
Member
Sharesies
Originally Posted by jonu
Hi PIB.
The Rights Offer timetable is for entitlement notifications from tomorrow (11th). Why the rights trading date is the way it is, 2 days earlier, is a quirk of the listing rules as far as I can tell. The record date is today.
John Upperton
NTL Director
Will Shareries be handling the above also?
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11-07-2024, 08:38 AM
#9679
Originally Posted by sandi
Will Shareries be handling the above also?
Sharesies should be on top of it soon, I have a ticket open with them, my understanding is the rights will appear in our sharesies portfolio and give us ability to apply for them or trade them.
the latest reply from the ticket 6pm last night:
Thanks for reaching out! The team will be in touch with more detail about this once we've received the info we need
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11-07-2024, 09:36 AM
#9680
Originally Posted by jonu
Hi PIB.
The Rights Offer timetable is for entitlement notifications from tomorrow (11th). Why the rights trading date is the way it is, 2 days earlier, is a quirk of the listing rules as far as I can tell. The record date is today.
John Upperton
NTL Director
John,
As you do read these comments is there any chance of having an EGM, IMO one is necessary because of the uncertainity regarding all of the required conditions necessary to get ore out of the ground ?.
From postershere there may be too many unanswered questions that need attention.
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