hi freakme..when you look at where the funds are going to be...

hi freakme..

when you look at where the funds are going to be spent in the next 12months.

07 Dec 2004 10:38:38 Use of Funds (announcement)

most is going into their diamond projects (big $$$$)

very little is being spent on nickel projects.

regards
ps:(nst) definitely one for 2005


Subject re: new listing..whats the potential
Posted 23/12/04 3:36:08 PM - 6 reads
Posted by freakme
Post #468597 - in reply to msg. 468529 - splitview


SandyBeachs,

UKD have some interesting ground, and in particular, the Mt Keith tenement. Is that the WMCR mine?? So the UKD tenement is 10km to the North-East of Mount Keith??

Looks like I need to get a copy of the Prospectus and do some further research on this one. From what I know, it was a 20c float raising $10mill which closed early and subsequently oversubscribed. I'm not sure which broker(s) were handling the issue, but it didn't find much support on opening and still hasn't found that support for some reason thus far. Obviously as you well know, it was a spun-off from Thunderalla Expl, which really concerns me when listed mining entities spin-off non-core assets. These types of issues in the past have performed poorly during the 6-12 months post official quotation. Also, not sure whether listed or unlisted options were given to IPO subscribers??

It appears to have an excessive market Cap when compared with other juniors in their field. However, on the other hand, they appear to have a good ground holding. Will do further investigation and will watch market activity with interest.

Also, NST as you have mentioned has a bright future. Have a small holding which may be increased in the near future.

Cheers Freakme