NTU northern minerals limited

What NTU achieved on Monday 2 November 2015 is of major...

  1. 3,237 Posts.
    What NTU achieved on Monday 2 November 2015 is of major significance.

    NTU is a rare earth project developer and have been able to raise $10.6M combined from two different sources:

    from the Americans:
    The Lind Partners LLC - USD$4M @ 0.71 exchange rate = AUD$5.6M
    http://www.stocknessmonster.com/news-item?S=NTU&E=ASX&N=740908

    from the Chinese:
    Jien Mining converts AUD$5M convertible notes to shares = AUD$5M
    http://www.stocknessmonster.com/news-item?S=NTU&E=ASX&N=740917

    Question:
    I would like to know what other similar rare earth projects developers have in recent times (during a period of depressed rare earth prices)  been able to raise such substantial amounts.

    Question:
    I would also like to know if other similar rare earth project developers that have raised money, have been able to do it on similar favourable terms as disclosed in the Lind Partner offer to NTU: "This financing is repayable over an 18 month period from the date of the drawdown. Each repayment is to be made on a monthly basis, at the Company’s option (that's at NTU's option), either through cash, shares or combination of both."
 
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(20min delay)
Last
3.8¢
Change
0.000(0.00%)
Mkt cap ! $317.5M
Open High Low Value Volume
3.8¢ 4.0¢ 3.8¢ $145.7K 3.760M

Buyers (Bids)

No. Vol. Price($)
20 2208539 3.8¢
 

Sellers (Offers)

Price($) Vol. No.
3.9¢ 2705136 4
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Last trade - 16.10pm 19/09/2025 (20 minute delay) ?
NTU (ASX) Chart
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