NTL - New Talisman Mine - New board & Directors

[nztx]

Why are they doing a 10 to 1 consolidation?
It will still be a penny dreadful.

I would have thought 100 to 1 or more would be a more sensible ratio.

Too many unmarketable parcels if 100 to 1 consolidation .. many might jump out or lose interest

100 for 1 would result in just short of 32 m shares on issue

Go too fierce on a consolidation - it may reduce success chances on a CR
forcing the company to find new homes in a placement issue instead if rights
issue saw low uptake.

How does between 2.0c & 3.0c look as a SP post consolidation for NTL ?

ASX: just after 10 am Aust time 0.001 Buy 0.002 Sell

How many will stay & how many will jump off on ASX with consolidation then prospect
of a Cap Raise ?

[blackcap]

And no mention of delisting from ASX.

Decent volumes again, giving lack of usual volume in NTL.

Why would you delist from the ASX when you are doing a capital raise. Completely alienate a large chunk of your shareholder base. That would not be that sensible I would have thought.

[Snow Leopard]

Too many unmarketable parcels if 100 to 1 consolidation ....

"Issuers of securities on the NZX enforce their own minimum holding requirements. Where an issuer has not specified a Minimum Holding, then there is no required minimum."

1000 @ $0.003 is as unmarketable as 10 @ $0.30.

[nztx]

"Issuers of securities on the NZX enforce their own minimum holding requirements. Where an issuer has not specified a Minimum Holding, then there is no required minimum."

1000 @ $0.003 is as unmarketable as 10 @ $0.30.

always the cost of maintaining small holdings on the share register with reports communications etc
comes into play, especially with small companies with limited resources.

Who knows .. I suggested a consolidation was on the cards with NTL some time ago, looking at smaller
uneconomic holdings may well be another move in future, which makes sense

[nztx]

always the cost of maintaining small holdings on the share register with reports communications etc
comes into play, especially with small companies with limited resources.

Who knows .. I suggested a consolidation was on the cards with NTL some time ago, looking at smaller
uneconomic holdings may well be another move in future, which makes sense

How many smaller parcels will NTL continue to tolerate on their share registry until they decide to
do a clean up ?

[Paint it Black]

Why would you delist from the ASX when you are doing a capital raise. Completely alienate a large chunk of your shareholder base. That would not be that sensible I would have thought.

NTL I understand could delist shares from the ASX and automatically relist the same number on the NZX subject to ASX approval. This has been done the other way round recently with DGL. I agree not the best time to do it while doing a capital raise but I hope the Board will review at the Aussie Rights uptake and overall split between the two exchanges and seriously consider the benefit in having the dual listing.

[HemiB]

Is it a bit ironic that they want us to believe them when they say they will produce gold in H2 and be cash flow positive late in 2023 but can’t even get the rights offer out when they say they will 🤔

[Landyman]

THe olde share portfolio was looking good this morning on NTL - share consolidation in place - always knew NTL would be a 10x bagger - hahahah

[whatsup]

NTL in a T Halt in Aust until Thursday , why not N Z ?

[winner69]

NTL in a T Halt in Aust until Thursday , why not N Z ?

Halted in NZX