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Hi they are pushing out small share holders less than 500 Aus dollars with lower fees or broker costs, any one holding over 2857 shares need to do nothing I hold more than this but ticked the box on Iweb just to see what happens if they are going to cover the broker costs of selling but think nothing will happen, maybe with less Private investers the share price will get pushed up Who Knows.
Whats this about holders of less than 2857 job lot offer ? I own more than this so am I exempt ? And why are they doing it ? Fund raise ?
Funding secured on reasonable terms...I think 12% interest, so onwards and upwards.
Also H&L. I'm considering selling next week to invest elsewhere as I don't see this moving much more in the medium term. I see I have to phone up in order to trade rather than trade online normally!
I use Hargreaves Lansdown, fees apply though and I can’t trade normally but in future if liquidity improves maybe, the assets look very, very good so maybe just maybe later some time.....
Thanks Gaz but Its Director Karl Townsend said to me yesterday that they cant do it now, maybe in future....Anyone else have recommendation of other UK brokers can do the job pls, many thanks .
Yes I did Doc, Google Arnold Stansby & Co, based in Manchester. Easy to open an account, keep your share cert until you're ready to sell and bobs your uncle.
So far so good. Gaz: my share cert. was issued by "Advanced Share Registry Ltd" back then, did you manage to find a UK broker to have your share in your UK account for easy dealing pls ? Many Thanks in advance.
nice little rise today, maybe on the back of my previoys post ?
Finger on the sell button bit might wait till 30 cents.
ABN: 98 153 219 848
15 McCabe St
North Fremantle WA 6159
T: +08 9389 8880
F: +08 9389 8890
20 May 2019
Option Exercised for Newfield Gold Project Farm-out
Further to its ASX announcement dated 11 April 2019, Newfield Resources Limited (Newfield) is pleased to
advise that Syndicated Minerals Limited (Syndicated) (ASX:SMD) has progressed its interest in farming into
the Newfield Gold Project by:
? Making a further cash payment to Newfield of $25,000 upon satisfaction of all conditions precedent;
? issuing to Newfield 30 million Syndicated Shares and 10 million Syndicated Options to purchase the
right to earn up to 85% of the Newfield Gold Project.
Under the terms of the farm-out agreement, Syndicated may now earn an initial 70% of the Newfield Gold
Project by spending a minimum of $300,000 within the first 12 months, plus a further $600,000 within the
Syndicated has planned an exploration programme which it intends to commence next month.
Newfield continues to maintain an interest in the potential of the Newfield Gold Project through its holding of
Syndicated securities and the ultimate residual interest of 15% in the Project.
** ENDS **
For further details please contact:
Newfield Resources Limited
Anyone else getting that uneasy feeling....looking at other funding strategies....Strip mining some of the dykes might bring cash in as opposed to high cash burn rate ! At this rate we will produce in 2 years time, I should have sold out and gone elsewhere. This not the first Australia company that I am having problems with either, they all like dancing but never deliver. Nice buy by a member of the management though.
he transition of the Stellar shareholder register from Stellar's share registry to Newfield's share registry, Advanced Registry Services, was more problematic than anticipated. Newfield and its registrar received many emails and queries from former Stellar shareholders following completion of the Offer relaying their concerns about a lack of information from brokers and advisors. Transfers of custodial holdings into separate beneficial holder accounts are still being actioned in some instances. Whilst Newfield's intention remains to establish the Facility, the Company has decided to delay the establishment of the Facility until it is confident that the transitional issues with the former Stellar shareholders have been satisfactorily resolved. The Company is hopeful this will occur by the middle of 2019. Former Stellar shareholders with ongoing issues should email Newfield on email@example.com or contact Advanced Registry Services via their web site at https://www.advancedshare.com.au/contact-us
@gazshot, that is true, I spoke to my brokers and they said the same, because of the unique situation. The shares in Newfield haven’t even gone up either so can’t even offset the loss.
Hi guys, I've heard that the Aussies gave slapped a verification fee on any overseas investors wishing to cash in on their investment. Equates to around £150, that's on top if any dealing charges, exchange rates etc. Anyone come across this ?
the photos of the diamonds are quite entrancing!!!
-- bb --
Looks like the FEED must be due, may be Feb or late Jan but it is got to be soonish, can’t wait any longer....
They have all the finance in place and most of the equipment and thousands of tons of already mined rock ready to be processed.
If we used the 50t/hr plant and mined the Kundu deposit at 12 hr per day 365 per year it would generate $144 million a year ! They are currently aiming for 200 000 carats per year in year 3 which would give us $40 million a year.
Not bad at all.
Looking good and should get better ! I'm really tempted to leave mine be for another 6 months or so.
Overnight we’ve hit the 0.2 Aud x 0.11 Gbp