So what do you make of the massive days trade? Over $1 million bought up for the hell of it? Carefully hidden purchasing by the look of it.
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Is it a chance the acquisition is actually the board purchasing the CEO's "Employment Contract "
Maybe another company purchasing NTL for the land/mine, not NTL purchasing something else?
If this is NTL being acquired, rather than NTL acquiring something.
Then I expect the entity doing the acquisition may leverage the current situation to get a very good deal for themselves.
However in that scenario it would be a terrible deal for the current shareholders.
The Board surely not selling the Crystal Jewells - would that not be NTL's ultimate admission of Defeat & Failure at Talisman ? ;)
What of the glowing ever enhancing JORC - which NTL were continually trotting out up to just a year or so back ? ;)
Was this all just B****it to extract more Loot from Stakeholders & nothing more ? ;)
If this is the scenario - then have NTL been straight up in their reporting & keeping the market informed at ALL TIMES ? ;)
The NZX notice was clear:
... a potential acquisition to be made by the company
with what money... want the reserves supposed to be used to build a processing plant.
what could they possible be purchasing?
and the show goings on. More acts than a Net Flicks series.
If something doesnt come from this movie then or if it does then Houdini will be put to shame.
Remember this late last year:
https://www.nzx.com/announcements/364819
NTL Acquires Vanuatu Project
https://www.nzx.com/announcements/364819
The new Holiday Getaway resort for tired Board members could be what the latest lot of Hot Air & fluffing about is all about too .. ;)
We already knew that this distraction is potentially bad news for stakeholders anyway .. ;)
The gold seems to flow one way with this company & that doesn't appear to be into Shareholders hands, nor ever has been .. ;)