For those of two minds...
1) FIRB: The National Interest clause,see 'China Challenge' AFR June/14. Further, the U.S. would not
allow a T/O. (14249-U.S.-Australia-to-discuss-rare-earths-in-security-talks) This confers further weight
to the significance of GBs address to Parliamentarians in Canberra last month. And now we have GB
in New York waiving a terms sheet in that quarter.
2) Timing: The Maiden JORC was announced Dec/2012.The AUD58m funding package was announced
Feb/2013 and sold to shareholders at capital city briefings in that month. A T/O would logically have been
timed 'after' the JORC announcement and 'before' the funding roadshow and its subsequent revelations.
3) The Share Price: You do a takeover when the price is,at best,Sub-10 cents. At second best Sub -20 c.
And a T/O is not worth the thought six months after the SP has bottomed. Last May the SP was around
11 cents that was the last chance for a T/O.
4) NTU management is aligned with the 'mission' to establish a free market RE supply chain in the West.
The executive chairman presides over a board that ratified that mission and is evidenced by the Sumitomo
MOU.
5) Chinese investment in Aus has learnt the hard way,that a successful resource junior requires excellent
'local management structure'- and playing poker with the current chairman's invested principle-the risk for
the foreign investor, is lost management skills and know-how. (As well as invested capital)
6) A good example...Chinese management learnt a bitter lesson with Focus Minerals. (ASX. FML)
Finally..Rick Rule's recent comments. 'There is a Big Bull Market coming.Don't waste it.The best opportunities
are in beaten and forgotten places.Don't miss the opportunity.'
HM.
- Forums
- ASX - By Stock
- NTU
- The Chinese Takeover Furphy
The Chinese Takeover Furphy
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NTU (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $140.0M |
Open | High | Low | Value | Volume |
2.0¢ | 2.1¢ | 2.0¢ | $107.7K | 5.382M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 399999 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 4965642 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 399999 | 0.020 |
44 | 22745283 | 0.019 |
37 | 9353133 | 0.018 |
21 | 8297114 | 0.017 |
7 | 2197497 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 3794051 | 11 |
0.022 | 2318619 | 5 |
0.023 | 2018458 | 6 |
0.024 | 2120714 | 4 |
0.025 | 539998 | 3 |
Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
Featured News
NTU (ASX) Chart |