Here's some sums to help you get started with your sums:...

Here's some sums to help you get started with your sums: http://hotcopper.com.au/threads/ann-appendix-7-ntl-nz.2771395/page-19?post_id=17782372#.Vzz3FdIcyUk

Firstly, I'm interested to see your sums about the price of gold in USD. How come you do not account for the NZD/USD cross? And most importantly, how have you come to the outright conclusion about profitability at 0.5 cents based on 1700 per ounce?

Anyway, it won't really matter how many shares are on issue as long as the MCAP is relatively low to the earnings. Shareholders can sell their shares, their rights, or pay money into the kitty in exchange for 3:1 shares at .5 cents a pop.

If Amer International decides to take up the shortfall then you could potentially expect a show of confidence in the market because of the large cornerstone investor partaking.

Rights issues are the fairest way to raise capital as it gives shareholders the most number of choices of what to do.
I think some of your comments about ten-bagging are a bit disingenuous. I posted that not long after the share price hit 0.4 cents. It 4-5 bagged since that low. My post was also before the rights issue was announced. However, I refer you to my examples above. In each case the NTL MCAP remains the same. If the market decides this MCAP is too low (think enterprise value for starters) then it won't matter whether there is 3.2bn or 100bn shares on issue depending on what % you hold and what the underlying MCAP of the company is.

Anyway, I am sure you know all about tepid water being a supporter of dairy farming

Have a great day, see you round Lainn.