BOOM - I take that back, 0.006 bids all gone - I should have sold!!!
Printable View
BOOM - I take that back, 0.006 bids all gone - I should have sold!!!
Why pay 0.006c now when it'll be 0.005c next week... Then 0.004c the week after that...
Why pay 0.006c now when it'll be 0.005c today.....
It's sadly consistent with previous rate of progress that the strategic review will take the rest of the year to complete.
I sold my sizeable holding today as there was a mountain forming at .007 and very few sales at that price. There are so many better options at the moment for your money, rather than sitting on an 'investment' going nowhere. Matt crows that investors had made a 20%+ return in the last 12 months - that is just the movement from 0.005 to 0.006. It can do that daily. There are some Gold Juniors in Oz that are about to do exciting things. If you want a gold stock that might go somewhere have a hunt over there. A 50% gain on that investment lifts a 0.006 NTL SP to the equivalent of 0.009c. When did that last happen ? Time to move on. Future CR with NTL will fail as shareholders have lost all confidence in the board and management. How many actually know anything about gold ? Matt Hill is a specialist in capital raising, not much gold expertise there. I think his luck might have run out with NTL. 2.8b shares and counting.
Still have a few left on the Oz register. Will watch and wait........... Those Oz funds might be better deployed elsewhere. It is inevitable that the company will come to shareholders for more capital - that is what Matt is good at. But at what price and with how much dilution ? 1b shares at 0.003c ?? Only raises $3m. The way NTL go through their funds that will last a year.