.007's gone atm, it will be interesting to see if the .oo8's now get bought.
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Its a double whammy of gold and income able to come in, and also extra raised funds achieved, the risk of total failure that pulled it back from 1.4c to 6c has gone now.
The good news should just keep coming from here on in, so my feelings are that the bottom has passed, the chance to buy at 6 or 7 has now passed.
At such cheap price, and it only taking 5m shares, or about 30k of buying, who knows where the SP will go from here.
Yes I think a few will,just the holders who can't afford to stump up any cash at the mo,why not sell for .007,better still if you can get .008 great! I must admit I did buy a few today at .007,but I did sell a couple of mil last week so as to take part in the SPP.
Looks like a lot of sheep trying to sell some at 8c and then buy back there allotted 15k through the SPP.
Gold @ $1420 US atm = $2100 Kiwi/oz, highest price for years , must be great news for NTL "IF " they can get their $hit together ( this time ) !!
Two phone calls to make sure I know about the ssp - and the great news of the consent.
A very efficient team.
Well, poor me with only 2m shares, I haven't had even one phone call. Maybe it's because I don't have a landline.
Rupert - I wonder if the Co are actually desperate.
My feeling is an awful lot of shareholders are going to be in for this SPP, even if (like me) they may not be able to sell at 0.8 or more to help fund it. If I can't do that, I'll just find the money somewhere, buy my full $15k worth, and sell some in a year - if I want to then - I may well not want to.
Time will tell, but I suspect there will be a huge influx of money by 19/7.
It will be interesting to see what the SP does after the offer closes. Obviously not going to rise before then, but has the latest news been enough of a value add to see a jump in SP?
Unlikely. Price increases normally need some sort of spark to grab public attention and bring in new buyers. The latest news didn't catch on immediately; it reduced risk rather than increasing future profits and was offset by the SPP. I don't think we'll see any jump in SP until revenue is generated and realized profits are announced in the mid-year report at the earliest.