Amen - I think we just need some nice progress reports to come out to get this back on the move.
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They are miners working on getting the gold out of the ground, not share brokers.
They wanted more funds to speed up the operations, for shareholders.
If the share market doesn't believe that and the buyers and sellers of shares don't want to pay x amount for shares on or about of that date.
That is no business of theirs.
They give people the option to buy shares on the market and as options.
That is job done by their financial controllers, market does the rest.
The management at NTL then keep doing what we want them to do.
Get that bloody gold out the fastest way they can.
True. If Shareholders had supported the SPP better we wouldn't be doubting them now and their ability to predict the markets reaction. They only wanted to get on with it as fast as possible.
Longer term for the mine looks great, especially once gold gets up a bit in price. However, I bet on a promising horse a few months ago, the November options. Right now I am back at last weeks Melbourne cup. With a whipping, is there still any chance for a win for Options? Or will I be ripping the ticket up? Lunging for the line, Options look to be losing strength, 2 cent share is gaining ground.....
You do, of course, get a longer bang for your buck gambling on junior miners than you do on horses :-)
Just in case anyone missed this...
http://www.nzherald.co.nz/business/n...ectid=11944876
Yeah it was up on the Hot Copper and looks good, business as usual.
All eyes now rest on the miners doing what us shareholders expect them to do, mine that gold.
Whats with the SP
1.6 1.7 1.8 and in AU its stable.