NTL new talisman gold mines limited

Ann: Same Class Equity Offer (Share Purchase Plan), page-60

  1. 3,333 Posts.
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    Well done - i also got lucky and sold half of my oppies before announcement at .009 and .008

    and im happy to get head shares at 2.1c considering where they were pre announcement -why? because its only one pip higher than SPP which i cant participate in due to only holding oppies

    Fortunately for me i decided to sell my options to the bidder at .009 not long after open today not knowing a SPP was coming whew ! - then i sold rest of my options at .008 and again at .006 after announcement so managed to get out at break even price that i initially paid of .007 last week - something was telling me that what if the bonanza is not as good and could it be possible meaning oppies and heads get dumped - however todays SPP suggests Bonanza should be very positive otherwise the management would be hung or roasted ( metaphorically speaking )

    with oppies expiring i was hoping for Bonanza to ride up and have now derisked by buying heads - not sure why i decided to sell up oppies after market opened but sometimes you have to follow your gut - fortunately it paid off and i came out unscathed as oppies took a bath compared to shares - at least the heads now give me plenty of time to relax as opposed to options expiry in 3 months

    now i will hold and accumulate the head shares when and if they dip

    GLTA - lets hope the SPP was in favour of a successful "bonanza result" which will send share price back up so that the SPP price of 2c AUD will become a gift
    Last edited by Graphite101: 28/08/17
 
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