Australia's largest stock trading and investment forum Australia's #1 stock forum

NTU

9.52%

1.9¢ northern minerals limited

Ann: Trading Halt, page-12

First 12 Last

Share
Profile

Follow
ausheds

19,586 Posts.

4974

17/05/19

08:11

Post #: 38606812
Share

Originally posted by RVR ↑

Trade war setback for Wesfarmers bid

AUST Business 17May (Extract)
The US-China trade war could throw up new hurdles to Wesfarmer’s hopes of winning over Lynas shareholders, as a second WA rare earths play suffers a new setback.
...........
WA heavy rare earth hopeful Northern Minerals is understood to have struck fresh trouble in its quest to join the export market. The company is set to emerge from a trading halt this morning to announce that the Australian Taxation Office has denied it payment of the $10.8 million second tranche of its 2018 research and development spending refund. The rejection could force the company back into the capital markets to fund ongoing work at its Browns Range project in WA’s north. Northern Minerals has taken in $31m on the market this year, and has anther $10m in capital still to flow into its coffers.

But it has used $24m of that to repay debts — partly to a specialised funder that lent it cash against its expected 2018 R&D refund , and partly to “death spiral” lender Lind Partners. It still owes almost $5.5m, according to a recent presentation, including another $3.5m borrowed against its R&D refund and $1.9m owed to Lind. The company had $9.1m at the end of March. It last traded at 7.6c.

Expand

'“death spiral” lender', that sounds a bit nasty.

Anyone here done the numbers?

NTU Price at posting: 7.6¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

The winners & losers on market if negative gearing were gone

ZER

Zeta Resources seeks to resolve the Panoramic takeover story

4DX

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The market's shrugged at China's stimulus measures all year. Why is this one different?

NAM

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

There are more pages in this discussion • 1 more message in this thread...

First 12 Last

Add NTU (ASX) to my watchlist

(20min delay)
Last 1.9¢		Change -0.002(9.52%)		Mkt cap ! $129.1M

Open	High	Low	Value	Volume
2.0¢	2.1¢	1.9¢	$19.12K	956.6K

Buyers (Bids)

No.	Vol.	Price($)
17	8120463	1.9¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	2653465	8

View Market Depth

No.	Vol.	Price($)
17	8120463	0.019
31	15825216	0.018
26	16212184	0.017
11	3341250	0.016
13	2703325	0.015

Price($)	Vol.	No.
0.021	2653465	8
0.022	1867222	9
0.023	1954254	10
0.024	944144	6
0.025	733848	6

Last trade - 16.10pm 27/09/2024 (20 minute delay)

NTU (ASX) Chart

Ann: Trading Halt, page-12

The winners & losers on market if negative gearing were gone

Zeta Resources seeks to resolve the Panoramic takeover story

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The market's shrugged at China's stimulus measures all year. Why is this one different?

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Trading Halt, page-12

Top Stories

The winners & losers on market if negative gearing were gone

Zeta Resources seeks to resolve the Panoramic takeover story

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The market's shrugged at China's stimulus measures all year. Why is this one different?

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News