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  1. 06-09-2019, 10:37 AM #4541
    Ltw
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    Quote Originally Posted by haewai View Post
    Check your registry accounts. My new issue is showing. No scaling.
    Short fall is in. What do you mean by No scaling Haewai?
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  2. 06-09-2019, 10:56 AM #4542
    Ltw
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    o SHORTFALL SUCCESSFULLY RAISES $1.89m
    o TOTAL RAISED UNDER OFFER $3.6m
    pilot plant has commenced processing batches of
    high grade ore for which assay results will be announced in the next week.

    Bring on the good news!!!
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  3. 06-09-2019, 10:57 AM #4543
    haewai
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    Scaling happens when demand exceeds supply. Supply for this issue could have been restricted by the 15% NZX listing rule. Looking at the numbers, the new issue is about 13% of the ordinary shares reported in the annual report. So the shortfall wasn't entirely taken up.
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  4. 06-09-2019, 11:04 AM #4544
    blackcap
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    Quote Originally Posted by Ltw View Post
    o SHORTFALL SUCCESSFULLY RAISES $1.89m
    o TOTAL RAISED UNDER OFFER $3.6m
    pilot plant has commenced processing batches of
    high grade ore for which assay results will be announced in the next week.

    Bring on the good news!!!
    Why the price drop by more than 10% on that news?
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  5. 06-09-2019, 11:11 AM #4545
    steveb
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    Quote Originally Posted by blackcap View Post
    Why the price drop by more than 10% on that news?
    market forces,if you just got a load of shares for under .007c and you are a trader selling them for .008c makes sense
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  6. 06-09-2019, 11:23 AM #4546
    haewai
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    Quote Originally Posted by blackcap View Post
    Why the price drop by more than 10% on that news?
    ahh, yep
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  7. 06-09-2019, 01:44 PM #4547
    Paint it Black
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    Quote Originally Posted by haewai View Post
    ahh, yep
    It could also be due to the dilution effect of the greater number of shares now in circulation bought at a lower price. Hopefully market forces will quickly absorb this however. My concern is that any good news/SP rise will trigger another capital raising at a discounted rate which has happened several times in the past. If i get to to the AGM I'll be asking for some comment on this from the Board. One hopes, together with expected gold sales they now have sufficient funds in the bank to service and grow the mine it at a steady rate.
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  8. 06-09-2019, 01:57 PM #4548
    Brain
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    Shareholders have just pumped 3.6M$ into the stock and you guys are surprised there is not much more buying interest.

    Try buying $50000 of shares and see what you will have to pay for them.
    Last edited by Brain; 06-09-2019 at 02:10 PM. Reason: Grandma
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  9. 06-09-2019, 02:31 PM #4549
    Clints
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    "try buying $50000 of shares and see what you will have to pay for them" - probably close to $50,000 (sorry had to
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  10. 06-09-2019, 03:03 PM #4550
    Brain
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    - probably close to $50,000 (sorry had to [/QUOTE]

    Well done . I am hopeful , In fact more than hopeful that shareholders will make some good money out of this share and it will be well deserved.
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