Hi Robbo The Big Ask IS Will the current shareholders take up...

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towie

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20/07/16

23:36

Post #: 18322477
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Originally posted by robbo24 ↑

The announcement says:

As noted in section 5 of the original offer document dated 25 May 2016, the Company intends utilising the funds raised through this Rights Issue (and this shortfall offer) as follows in order of priority:

1. Initiating the bulk sampling programme and associated works immediately following completion of the raise.

2. Accelerating the bulk sampling programme to maximise ore extraction within the terms of the granted resource consents and traffic management plan.

3. Complete the feasibility study on the Talisman Mine Project.

4. Accelerating the transition from bulk sampling to Phase 1 of the longer term production plan.

5. Identifying additional gold mineralisation that could be upgraded to JORC 2012 compliant resources from the recently acquired digital historic production data and new exploration targets within the permit.

6. Fund the Company’s obligations under the Rahu Joint Venture with Newcrest Mining.

7. Working capital.

I think items 4, 5 and 6 are particularly useful for shareholders. Why wait any longer than we have to, if people are giving money to the company then why say no if it provides a shorter turnaround to the intended, much greater reward.

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Hi Robbo The Big Ask IS Will the current shareholders take up more SKIN in this Game . I am still trying to get answers from Computer share NZ And E Trade re my purchase of the Rights . More to come from this, but I think that this stock is a MUST Have

NTL Price at posting: 0.7¢ Sentiment: Buy Disclosure: Not Held
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Hi Robbo The Big Ask IS Will the current shareholders take up...

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