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  1. #3481
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    Quote Originally Posted by Fundamentalfinder View Post
    Quarterly cash flow for period ending 30th September isn’t it?
    They raised 1.7 M$ in September and the shares were issued in September

  2. #3482
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    Quote Originally Posted by Kay View Post
    Surprised they raised a cent...why would any person have paid 2.2c in the last month!?
    If anybody wanted a substantial number of shares ie 50M or so then the shortfall would have been the only way to do it. The numbers of shares traded recently have only been a few million a day.
    Rats and mice really in my opinion.

  3. #3483
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    Quote Originally Posted by Brain View Post
    Only 6.2M shares issued for the shortfall offer or in other words an extra $137,000 raised. All a bit disappointing. There seems to be no record of Talisman receiving 1.7M$ from the original offer in the quarterly cash flow report.
    There is a "proceeds from issue of shares" of $1.25M? I suppose that is their SPP for September.

  4. #3484
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    I can't see anything other than 42k in purchases of property/plant/equipment for a Rahu purchase price. Thoughts anyone?

  5. #3485
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    When did they purchase Rahu? Was it after this quarterly report? And if it was only 42k that would have to be the bargain of the year, unless its just a very big hole.

  6. #3486
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    Quote Originally Posted by blackcap View Post
    There is a "proceeds from issue of shares" of $1.25M? I suppose that is their SPP for September.
    No that’s $1250 only

  7. #3487
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    Quote Originally Posted by Fatboyj View Post
    When did they purchase Rahu? Was it after this quarterly report? And if it was only 42k that would have to be the bargain of the year, unless its just a very big hole.
    The report showed that they owned 100% of Rahu as of the 30th Sept

  8. #3488
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    Key terms of the agreement include:

    • Should Newcrest spend NZ$5.0 million on the Rahu Project a Joint Venture will beestablished at that time and a direct 20% interest transferred to NTL.
    • In the interim 20% of the Rahu project will be held on Trust by Newcrest on behalf ofNTL subject to Ministerial consent.
    • Newcrest will manage the exploration activity on the Rahu Project.
    • If a joint venture is not established 100% of the project would be transferred to NTL
      subject to Ministerial consent.
    • Upon formation of a joint venture each party will be required pay their respective
      exploration and development costs on a pro-rata basis.
    • If NTL dilutes to below 10% equity, this equity would convert to a Net Smelter Return,
      (NSR) of 2.5%.

  9. #3489
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    Does anyone know if the JV was established

  10. #3490
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    Quote Originally Posted by Brain View Post
    No that’s $1250 only
    well the heading is "current quarter, NZD $000's" so I am presuming 1,250 is actually $1,250,000 which is $1.25M.

    But I can see where the ambiguity comes in because if the headings are correct then they have overstated all other cashflows as well. Probably a balls up by the company. I just did some recon, and you are right it does look like 1,250 so maybe they are putting all the SPP cash in the next quarterly because they were waiting for the SPP to finish? Who knows.
    Last edited by blackcap; 31-10-2017 at 06:14 AM.

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