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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Mkt cap ! $8.830M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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1 | 1000000 | 1.1¢ |
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Price($) | Vol. | No. |
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2.0¢ | 3103636 | 4 |
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No. | Vol. | Price($) |
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1 | 50000 | 0.010 |
1 | 100000 | 0.009 |
1 | 120000 | 0.008 |
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Price($) | Vol. | No. |
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0.020 | 3103636 | 4 |
0.021 | 1000000 | 1 |
0.022 | 55000 | 2 |
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