NTL - New Talisman Mine - New board & Directors

[tim23]

Say if you paid .07c add 1.5c (3 x .5) so 2.2c divided by 4 so .055c per share so rights should trade at not very much! about

Tradeable rights wonder what the price will be set at ?
Thanks to Robbo.
The rights issue announcement from yesterday.

3 rights for every 1 share. Rights exercisable at 0.5 cents each. I think they will be tradeable rights which means you can sell them on market (if they are tradeable there will be a separate code for this).

There will be announcements covering all the info in due course, it is a requirement of NZX/ASX rules.

[jonu]

Say if you paid .07c add 1.5c (3 x .5) so 2.2c divided by 4 so .055c per share so rights should trade at not very much! about

Except that only a small percentage of the company has traded at 0.7. Always hard to know and will come down to how many want to take up their entitlement. I personally will probably sell a few rights so that I can utilise the balance due to cashflow. But I won't give them away.

I thought the announcement was handled appallingly by the company. It should have been made clear from the outset that rights would be tradeable. They should also have made known some of the strategic thinking about going down this route.

That aside the future looks extremely rosy and I will be taking up all the rights I can afford.

[tim23]

Quite right but even at .08 the rights have a value of less than .01?

Except that only a small percentage of the company has traded at 0.7. Always hard to know and will come down to how many want to take up their entitlement. I personally will probably sell a few rights so that I can utilise the balance due to cashflow. But I won't give them away.

I thought the announcement was handled appallingly by the company. It should have been made clear from the outset that rights would be tradeable. They should also have made known some of the strategic thinking about going down this route.

That aside the future looks extremely rosy and I will be taking up all the rights I can afford.

[Kees]

0.1 I think you got that wrong but we will see soon enough.

[jonu]

Quite right but even at .08 the rights have a value of less than .01?

At the risk of repeating myself, that is based on the tiny percentage of the company that traded at those prices post the poorly managed announcement. The value of the rights as of now is the premium above 0.5 that you have to pay to get a slice. We are presuming Amer will snap up any shortfall.

Some may also sell their original shares to make the profit on the gap. Always very messy until its over as there are so many permutations.

[digger]

At the risk of repeating myself, that is based on the tiny percentage of the company that traded at those prices post the poorly managed announcement. The value of the rights as of now is the premium above 0.5 that you have to pay to get a slice. We are presuming Amer will snap up any shortfall.

Some may also sell their original shares to make the profit on the gap. Always very messy until its over as there are so many permutations.

Some good comments on what the rights will trade for.
My thinking is very much dependent on what the company is up to with other unknown parties,including Amer.Note here we know nothing but have this very large cash issue anyways. So if the company had said that any short fall could only be taken up by existing shareholder as apportion of there current holding,then we would have known that Amer or any other outsider could not just sit back and let them all fall so that they could alterwards scoop them up at .005 cents a share. But we are completely in the dark here so can only speculate on various out comes. It all comes down to if or what unknown deal has been struck.
So in my first scenario where existing shareholders are put first [small likely hood] meaning that outsiders have to buy the rights then I would say they will sell at point one of a cent-----.001
if there is some under the table agreement that they will go after the cash issue is finalized to some already agreed party then the rights are will sell for between .0005 to .000000000000000nil

[Landyman]

Whilst IM going to scratch around for any money to take up my rights, what about the big boy shareholders

Shares Top 20 holders, 648,981,217 shares on issue
Rank Name Units % of Units 3 for 1 rights Cost $0.005
1 HAMISH EDWARD ELLIOT BROWN 75,000,000 11.56 225,000,000 $1,125,000
2 HFT NOMINEES LTD 32,154,117 4.95 96,462,351 $482,312
3 SO CO LIMITED 28,096,507 4.33 84,289,521 $421,448
4 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 15,357,491 2.37 46,072,473 $230,362
5 INTERNATIONAL PACIFIC SECURITIES LIMITED 14,356,000 2.21 43,068,000 $215,340
6 NIMPOD PTY LIMITED 11,318,027 1.74 33,954,081 $169,770
7 PETER ROBERT ATKINSON 10,901,950 1.68 32,705,850 $163,529


Grrr, I cant get it into a table

Wonder if Hamish Brown, has $1.1m to stump up with?

[Landyman]

Did I read the offer correctly? Rights are trade-able for 3 days only?

[Kees]

ANZ or direct not even showing the rights yet on the ax so if only 3 days there is one day gone were no trading can be done at any price.

[chippy52]

You got that bit wrong. They trade until 6/6 on asx & 8/6 nz