NTL - New Talisman Mine - New board & Directors

[nztx]

I think today was close for rights acceptance and payments. Hopefully they dont need to extend (not sure if they even can at this late stage), and can announce a decent pile of cash to get the rocketship off the landing pad - cashflow positive by end of year Jonu said.

Rights Close off 5.00 pm today I believe .. Do I, Dont I ?

[sandi]

Good luck everyone, let's hope it's a financial injection for us all.

[whatsup]

Rights Close off 5.00 pm today I believe .. Do I, Dont I ?

Im picking if there is a reasonable uptake of the rights issue from existing S Hers then it wont be too hard for the shortfall to be placed with other interested parties .

[nztx]

1.8c close with a few minor holders jumping off the ship, just the brokerage difference to CI price

what will the avalanche of newly minted 1.8c jobs bring ?

A slide on new or scant news ?

Maybe with the former Board, but we have a new very focused Board

[whatsup]

Fingers crossed for a reasonably successful C R !

[Landyman]

Well, we should know on Thursday, that was scheduled day for allotment - NTL, go you good thing!

[Paint it Black]

Well, we should know on Thursday, that was scheduled day for allotment - NTL, go you good thing!

Yes a big day for NTL. Gold price up another 1% to US$1888 today with the 'banking crisis' might help contributions to any short fall!

[Charlie]

14-Mar-2023 08:30:06

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MKTUPDTE: NTL: NTL Rights Issue Successfu

[nztx]

http://nzx-prod-s7fsd7f98s.s3-websit...258/390595.pdf

Interesting - if my calculations are correct -

On the 3:5 Rights issue = 191.88m shares offered

Applications for 71.4m + 23.66m OverSubs = 95.1 m

So all over-subscriptions successful

NTL look like they got 49.56% of the maximum amount they were looking for

[winner69]

http://nzx-prod-s7fsd7f98s.s3-websit...258/390595.pdf

Interesting - if my calculations are correct -

On the 3:5 Rights issue = 191.88m shares offered

Applications for 71.4m + 23.66m OverSubs = 95.1 m

So all over-subscriptions successful

NTL look like they got 49.56% of the maximum amount they were looking for

They said

Whilst the capital raise sought a ceiling of $3.45m, the amount raised is nevertheless substantial enough to allow significant progress. NTL will now also allow applications for shortfall on the same terms as the original rights issue offer and has already received interest in shortfall

So all go and a bright future …best thing was a loyal band of shareholders with a genuine investment interest fronted up and some with even more. The other shareholders are just punters hoping for acquisitions buckwith no commitment to the company