re: Ann: $58m Funding to Completion of Feasib... They get an instant $30m in their account without gifting Conglin. That's more than enough for NTU to double its reserve and negotiate a "Real Deal" for the benefit of all shareholders so then we can do our feasibility and get into production.
You actually will get to pick and choose because we get to vote on each of the resolutions. Same with the gold deal.
Yes I will immediately sell if Conglin's 16% gets approved. But I have made a hell of a lot of money out of this stock over 3yrs, so it owes me nothing. Prefer that it makes me a hell of a lot more and not taken over for nothing by Mr Yue.
I have seen Conglin's trades for many years so I know what he does with his holdings (power) once he gets to a certain stage. He just doesn't have the cash funds for a NTU takeover at this stage. Its the ground that he is after as he well knows the potential of NTU's ground.
Browns Range is worth a lot more and we don't need feasibility money until we know we have at least three times what we have proved up. Be nice spending $90m and find the plant we built before we fully explored is 200km away in the wrong spot. Drill the hell out of it and triple the reserve then we can talk real shareholder value in a finance deal.
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