Ha underground testing KJU should just come over to Mt Karangahake and test blast the gold out. 2 birds with 1 stone.
Its going to be a fun week this.
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If the offer is only open to current holders, how does it increase, to have more shareholders ? Or am i mistaken ... The number of holders will be the same. Right ? I see it like a dividend , giving a good offer to those who have stuck with the mine, even though the price will rise this week hopefully ....... Happy i sold a few at 2.7 to buy back the offer at 2.2
https://www.nbr.co.nz/article/gold-f...Heads%252520Up
here are your answers !!!!!!!!!!!!!!!!
sorry its paid only content on NBR, so I cant distribute.
but the interview of Matt Hill
Basically said they needed to raise more capital when they realised how much gold was down their.
They quote this forum as well.
Gold fever subsides slightly on rights issue reveal
Grrrrr, meetings all day today, Im really hoping the announcement comes out after close tonight, preferably before dinner though - will then know whether Im on the chuck steak, or the eye fillet.
Okay since the NBR Interview and Article are paid subscription only, I will give you guys a summary.
Comments are from what Calida Smylie said in the interview, what she wrote in the article.
And what Mat Hill said in the interview and also what he has said previously, so as all media does these are quoted a tad haphazardly, but here we go.
She did an interview 1 year ago and since their have been a lot of developments at the mine, and they have ramped up operations since then she thought it would be time to do another update.
AND, a few shareholders had contacted her recently (probably some of the posters on here I would think) wanting to know answers on why they had asked for more money through the SPP when just 1 month ago they had said they were fully funded.
She asked that question to Mat Hill who said:
My paraphrasing here:
"Since getting NEW INFORMATION they have upgraded the resources at the mine and want to raise more cash to speed up the process and take mining to higher levels".
They want to extract maximum allowed from Dubbo - that seems to be where the money is.
Their is more gold at higher grades that what they thought.
The reporter asked why have the capital raise first and then release the report.
And whether it will be out before the rights issue closed on Sep 22 (she obviously interviewed him a few days ago, bit slow on the reporting and publishing aye).
Matt said:
"14 working says, it is with the technical gentlemen and the technical delivery of resources is not an exact specific science"
"I assume it would be out in the market place as required by disclosure as soon as its complete".
25/8 family stake reshake from company interests to personal interests was this mere coincidence ?
Mr Hill says "Coincidentally my father restructured the family trusts pending redomicile and I was not involved in the restructuring, there has been no change in the ultimate hill family holding"
I also saw a comment that said: "resource consent to mine will be triggered latter this year"
Not sure if this was old news or not.
Serious!! Ah please can you screen print that snippit and send to me, or just post the sentence prior and after that?
I've never been in the paper.
I'm open to interviews. Payment scale is fine. I demand my 15 mins of fame!!
Oh can I go to the library and read this hard copy or is the paid for stuff only online? Don't know how it works.
Isn't the anticipation for this just great eh? Its like waiting for the best Chrissy present(mine was a video game system in the 80's)