not good news for loyal shareholders...., page-23

http://www.miningweekly.com/article/northern-raises-a10m-for-australia-rare-earth-projects-2012-03-05

Northern Minerals MD George Bauk said the funds raised would be used to continue work at the Browns Range and John Galt HREE projects, as well as for working capital.

He added that a priority will be the diamond drilling programme for targets at the Wolverine and Gambit prospects which we expect to commence in May, as well as the employment of additional exploration staff to boost our current team.

“In the third quarter of 2012, we are targeting a resource that complies with the Australasian Joint Ore Reserves Committee Code, and will continue to advance our scoping studies, environmental work and our metallurgical studies in line with our proposed path to production by 2015,” Bauk said.

Tony, good observation in relation to the low volume upon relisting - if the majority have been placed into safe hands and don't find their way back on the market any time soon, then NTU's share price should quickly recover.