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  1. #4211
    Senior Member
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    Aug 2017
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    Quote Originally Posted by bucko View Post
    so the SP will jump up to 0.6875 after the capital raise goes through right?
    Well picked up,I won't be subscribing at .6875,who does their proof reading!

  2. #4212
    Senior Member
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    Mar 2010
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    The operational project plan requires a $1.5M investment over 24 months and has the potential
    to generate over 8000 ounces during the period.

    https://www.nzx.com/announcements/335634

  3. #4213
    Member
    Join Date
    Nov 2004
    Location
    Christchurch , New Zealand.
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    421

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    Paying for 5 new shares and getting 6 makes the effective price 0.5729c, (ignoring any cost of capital considerations by waiting for a year for the sixth share)

    I thought it was a bit strange there was no pro rata aspect to the SPP. Do I understand it correctly that any shareholder, no matter how many shares held, can buy between NZ$1k and $15k worth (in $1k multiples)?

    It was nice to get some information about what's happening at the mine - better late than never.
    I thought the chairman made a pretty solid and convincing case for production to start in the near to medium future.
    Price of gold is still climbing.

    Mr Market doesn't seem too impressed with this though.
    Last edited by Lion; 06-06-2019 at 12:22 PM. Reason: spelling

  4. #4214
    Senior Member
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    Aug 2017
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    I can't see this SPP raising much,with the SP currently at .006c and a buyers drying up,there is no motivation to buy more shares above the market price.I did last time and boy do I regret it.They have sat on a pile of ore for at least a year and done nothing with it.They are now talking about refining said ore,but it's to little to late I'm afraid.

    I presume they did some research before announcing the SPP it would be interesting to see who supported it and why.

  5. #4215
    I like peanuts... youngatheart's Avatar
    Join Date
    Jan 2011
    Location
    Oh, everywhere
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    418

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    Unless the Resource Consent gets granted toot-sweet there's absolutely no incentive to participate in this SPP...

    "Oh, the old grey mare, she ain't what she used to be, ain't what she used to be, ain't what she used to be."

  6. #4216
    IMO
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    Sadly there will be investors who feel dammed if they do and dammed if they dont .In too deep? Wishing and hoping and justifying putting more in? Who wants to crystallise a loss and bail? That is something one needs to man up to sometimes. Support yet another cap raise and trust them or cut your losses and learn not to repeat the experience. Its just one more time , or one less.

  7. #4217
    Member
    Join Date
    Jun 2011
    Posts
    266

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    What they need to do:

    - move majority of wage to variable incentive that’s aligned to share price or skeleton draw until cash positive.
    - sharper more regular comms and marketing on progress regardless of size of announcement.
    - plan a proper investor roadshow to respectable fund managers.
    - And get proactive on existing shareholder registry with communication.
    - and MH and CN etc should be buying material $ amounts on market. Zero confidence in their company shows with no buy in from them....a large buy announcement prior to this would have been reasonably smart?

    My 2c

  8. #4218
    Member
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    Sep 2017
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    Quote Originally Posted by gmatt View Post
    Likewise ...... I bought big at their .005 cap raising about 3 years ago ...... was a top 20 holder ...... but after all the cap raises finally sold the last at the start of this year ..... totally disenchanted!!
    This from a top 20 holder just under a year ago.

    I just hope before anyone puts any more of their hard earned money into this 'rinse and repeat' company, they go back on this thread one year to 01 June 2018 and spend an hour reading. You owe it to yourself to do this at least!!!

    And if ya want to go back a bit further, you'll be able to read the shambles around the last SPP. People buying at 3 cents per share, thousands of people around NZ hitting F5 refreshing waiting for analysis and assaying reports when all that came out was the Director issuing a disclosure notice for his removal as a beneficiary from his family trust. Then from memory the SPP @ 2.2c when no one expected it and everyone was still waiting for the reports to come out. The share price absolutely collapsed. Very little raised in the SPP but the Company still had the audacity to call the SPP a success. And I could go on, but it just depresses me.
    Last edited by dubya; 06-06-2019 at 01:20 PM.

  9. #4219
    Guru
    Join Date
    Jul 2002
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    New Zealand.
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    4,411

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    LET the fish heads show the way and indicate their commitment to the SPP with a line in the sand/public statement as to their absolute committed SPP buying !

  10. #4220
    Senior Member
    Join Date
    May 2018
    Posts
    710

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    Quote Originally Posted by cammo View Post
    What they need to do:
    Is produce some gold!

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