Member Info for addicknt

Pad, you've missed one: Q picks up a shovel and starts digging, just to prove me wrong: 3/1.

Sounds okay to me, Colonel.

Q, you don't have a point - it's a delusion.

Q, I had a bet with myself about how long it would take you to come on here and wibble on about your 'diverse book'. I lost - it tòok you ten minutes longer than I thought.
As to your argument, it's 0.6% of the issued share capital and is therefore meaningless as far as your theory is concerned.

a certain genius to this move.
I have absolutely no doubt he could have asked either BHP or NCM for the cash and they'd have stumped-up, but he chose not to. In so doing he almost certainly guaranteed a bidding war, Brilliant tactics.

Jerry, quite right - he's picking a fight, which will be excellent news for us shareholders. And given how much the Aussies hate the Chinese at the moment, it should be a good scrap.

Z, yes, I'm sure you're right.
I seriously hope this pishes-off our Australian friends - it may provoke them into some action. I don't imagine for one second that they're happy with a bunch of Chinese investors coming on-board.

I wonder why he's chosen this moment? We didn't need the cash.

Colonel, indeed it has! Our friends at BHP and NCM will no doubt be delighted!

There is so much information available and I find it really quite difficult to follow. I should say, I don't consider the information on our web site to be up to date.
One useful article was the President's State of the Nation presentation earlier this year. It's gives a clear indication of just how important he considers mining to be for the future of the country, but is also at pains to emphasise the restrictions, which are clearly designed to appease the environmental lobby. He also mentions us.
If I were to hazard a guess I'd say the direction of travel is to support those with existing concessions, provided they are not in protected areas (some are, but not ours) and to make it far more difficult for those seeking new concessions. Obviously, this is a huge advantage for us.
It's also clear there's a huge drive for transparency and public engagement, which of course, we're told we are very good at.
As far as the tax issue is concerned, again it's difficult to follow the developments (at least it is for me). The only thing I can see is that there hasn't been a change since January of this year (I stand to be corrected)
Let's not kid ourselves here, there is undoubtedly a level of political risk associated with this share and there are many contradictory statements, making if very difficult to gauge the real situation. In this instance, we have to rely on the company and our lawyers to provide clear guidance and I admit I'd like to see a bit from NM about this.

Z, no you haven't.
A CFP is simply a description of the terms and conditions of a finance package. And it will not necessarily be announced at the same time as the PFS -the two things are not linked. And it has absolutely no bearing on the identity of any potential bidder. So, no, your assumption is not correct.

Z, it will show the second of your two options. The PFS will give guidance on the first.

Agreed, Colonel.
There are two dead weights hanging around the neck of this share at the moment; the insistence that we're going to production and the lack of belief it can be funded. I don't agree with the second reason, but recognise it's bound to involve some dilution and will not be done on particularly favourable terms.
Of course, the political issue is still out there, but I'm as confident as I can be that we're in a far better position in this respect than we were a year ago.
A sale of Alpala would, in an instant, remove all concerns and would pave the way to a business model built upon exploration and asset realization. And the share price would reflect this in a very positive way.
It's time for NM to create and deliver some shareholder value.

red, Karl is not interim CFO, Ingo is.

A final word on this issue for today (possibly). The clearest indicator and evidence of our vulnerability has been the appointment of a raft of specialist companies whose task it is to defend against a hostile bid. This includes the advisors, lawyers, pr firms, shareholder engagement specialists and an NED whose background is in that world.
All of these appointments were announced publicly (there's no requirement for this) and it's obvious that NM did this to flag to the market we are prepared to either fight or, negotiate a proper deal.
This type of action is not undertaken by a CEO who feels completely comfortable about the situation. It's a recognition by NM of just how vulnerable we are.
This is part of the 'evidence' Q demands.

I should add that where Q and I absolutely agree is on the value of what we own. I have no wish to see this sold for a song.

Steve, and the difference between Quady and me is that I've spent forty years actually involved in corporate finance, both as an advisor and principal. And like Q, have been investing for the entire time.
Q, whether we are 'stressed' or not (we are not) is entirely irrelevant. Are you suggesting 'non-stressed ' companies don't get take over?

Yes. A strongly defensive share register is one in which the majority of shares are held by one party, or several parties closely allied to the majority holder.
A weak register is the opposite and that weakness is amplified if several potentially hostile holders already have significant holdings - which is the case here.
In fact, we are in a position of extreme weakness due to the potential (note the word 'potential') of three holders combining to launch a bid with a starting position which exceeds 30%. In any hostile situation you feel fairly confident in such circumstances of persuading others to follow suit.
As I believe I've said on a few occasions, I'm not sure we'll see a hostile bid, rather we'll have an agreed deal and it will fall to Citi and NM to negotiate a decent price.

Yes Quady, you have always said it...and you've always been wrong.

Monte, apparently they'll be happy just to sit back and watch as their holding is diluted to virtually nothing. As several people have said in the past - the many millions they've invested so far is a drop in the ocean and they won't miss it.
You can form your own judgement as to how likely this will be.