An SPP or cash issue has the effect of offering a lot of new shares at a fixed price. This fixed price puts both a floor and a ceiling on the SP until after the close of the offering.So for the next few weeks the SP will sit about where it is now. It will then likely move higher when positive info comes to light and especially when the SPP is behind us.
So I do not expect any significant number to sell below present price.
Is there anything we can do, as shareholders, to get Mr Hill and NTL to release the figures?
My f5 key is worn out and my left index finger a bloody rancid maggot infested stub.
QUOTATION NOTICE: NZX MAIN BOARD
NEW TALISMAN GOLD MINES LIMITED OPTIONS - NTLOB
Company: New Talisman Gold Mines Limited (NTL)
Security Code: NTLOB
ISIN: NZNTLE0003S1
Details of Security: Options
Offer Basis: One Option will be issued for every five share issued under the New Talisman Gold Mines Limited Share Purchase Plan (SPP).
Exercise Price: 0.055
Exercise Period: Options can be exercised at any time from the issue date of the options until 7.00pm (NZT) on 30 September 2022
Conversion Ratio: One new ordinary share for each option
Ranking on Exercise: Pari passu with ordinary shares
Share Registrar: Computershare Investor Services Limited (RMLT)
Settlement Status: NZCDC settlement system
Option Expiry Date: 7.00pm (NZT) on 30 September 2022
Issue/Allotment Date: Friday, 29 September 2017
Effective Quotation Date: Monday, 2 October 2017
Mark Peterson
Chief Executive Officer
NZX Limited
From this I believe I can exercise the conversion of options to ordinary shares at a specified ration if the SP hits 0.055. Can anyone here please tell me how one could exercise this? Is it done in the market?
The real news is that this weekend the anti-miners are expecting hundreds to show up for a demonstration. The fake news is that they can claim all sorts of things that NTL is doing to the environment, nearly all of which will not stand up to scrutiny.
Here are a few quick facts which will not be discussed at this demonstration.Firstly NTL uses only about two acres of the national park. A farmer lost his case about 30 years ago when he tried to claim he owned the land below a meter. All land below a meter is owned by the govt including land under national parks. So NTL is doing no more damage to this area than many of the settlers in the surrounding area. That will not be discussed.
The demonstrators say this area is beautiful and should be maintained.I agree as does all the NTL holders I have dealt with. A lot of the beauty [windows] was created by past miners.
None of the demonstrators will consider or discuss the damaging effect they will have on the environment and how it compares with NTL.
Nor will any consideration be given to the fact that the most important thing about NZ is our legal structure for handling disputes. If anti miners can ride rough shod over that and get away with it then we are taking NZ down the path of so many other lawless countries done of which then would want to live in.
Perhaps we need to form a pro mining group to get the other side of the story into the press.
The real news is that this weekend the anti-miners are expecting hundreds to show up for a demonstration. The fake news is that they can claim all sorts of things that NTL is doing to the environment, nearly all of which will not stand up to scrutiny.
Here are a few quick facts which will not be discussed at this demonstration.Firstly NTL uses only about two acres of the national park. A farmer lost his case about 30 years ago when he tried to claim he owned the land below a meter. All land below a meter is owned by the govt including land under national parks. So NTL is doing no more damage to this area than many of the settlers in the surrounding area. That will not be discussed.
The demonstrators say this area is beautiful and should be maintained.I agree as does all the NTL holders I have dealt with. A lot of the beauty [windows] was created by past miners.
None of the demonstrators will consider or discuss the damaging effect they will have on the environment and how it compares with NTL.
Nor will any consideration be given to the fact that the most important thing about NZ is our legal structure for handling disputes. If anti miners can ride rough shod over that and get away with it then we are taking NZ down the path of so many other lawless countries done of which then would want to live in.
Perhaps we need to form a pro mining group to get the other side of the story into the press.
That sounds like a great idea, lets call it Prospect Karangahake!
Toward his critics, the artist harbours a defensive ace: knowledge that the future will erase the present.
Another thing to consider is that the country probably needs about another 20 NTL's to pay for some of the election promises being made. Greenies seem to think we can just lie our way to prosperity.
Originally Posted by digger
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