The company got my cash Today! Happy to support it, the...

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hopeful punter

185 Posts.

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07/09/17

10:01

Post #: 27052962
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Originally posted by flocka ↑

I do think that NTL is a very compelling gold story and the grades they are putting out are fantastic but I do have an issue about the way the SPP has been handled.

Now that the market is aware that they want to do a cap raise/ SPP to raise more cash how are they going to get this cash now with the share price below the offer price? Additionally with the awareness now out there of a cap raise needs to be done what is the time frame for this if the current SPP fails?

The issue as I see it with this is that it will now put further selling pressure on the shares as everyone knows that the cap raise/ SPP will need to be done at a discount to the current price and so people will hold off buying until the cap raising has been done and put to bed. Thoughts on this from anyone? Thx

Glta

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The company got my cash Today!
Happy to support it, the alternative is Chinese Support?
Not worried about Labor/Greens govt, at worst will only slow plans for 3 yrs, as I'm a committed long term holder.....big deal!
Free options at .055 cents nz gives indication of mgts conservative estimate of future value.
2 cent option conversion next mth will also add cash to coffers.
Well done Matt for giving supportive shareholders another crack at making serious money!

NTL Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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The company got my cash Today! Happy to support it, the...

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