Member Info for pablo2

Gary Steinepreis (45) - Non Executive Director Chairman of the Audit committee Wrote to him : I would like a little advice on my options - I am a UK based investor holding shares in a nominee account in Norseman. Today, out of the blue, NGL has been removed from Aim. I hold some shares - what are my options to protect any value that these shares may have? I understand from your nomad that I might be able to change my Aim shares into ASX shares. Is there a mechanism for this and how expensive is it? I am understandably shocked that without any notice the shares are thrown off Aim and are therefore, realistically, of no value. Please advise. Regards, xxxx -------------------------------------------------------------- He replied: Dear xxxx We have been working on the recapitalisation of Norseman since October 2013 and the AIM rules only allow a 6 month suspension before removal. We received a one month extension but due to the on-going work could not comply with the reinstatement requirements. The Company remains listed on the ASX but is suspended but on the basis that we can achieve the reinstatement requirements we will apply to be reinstated on this market. There is a process to transfer your shares into ASX listed shares and there is no cost to do this. I can’t provide any timing at this stage but suggest you keep a watch on the ASX announcements – via the link below http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&allinfo=&asxCode=ngx Regards Gary ------------------------------------ So, that's why Aim pulled the plug; we can't trade our shares unless we transfer them to Asx, which although Gary states 'no cost', there obviously will be quite a few costs around with regard exchange rates and broker charges; they are still suspended on Asx and 'may' get reinstated soon; the link he has kindly provided allows us to see announcements on Asx to check progress. It's pretty well all over but you never know - watch Asx and consult with your broker. Gary Steinpreiss's email address should anyone want it is : gs@ascentcapital.com.au (I couldn't get investors@ngold.com.au quoted in the RNS to work)

Must have gone for a Whizz - lol

Have written to NGL contact email asking if there is anything we can do to maintain any value in our shares, like transfer to ASX, and if so how does one do it and what does it cost. Not hopeful. Seems ridiculous that we haven't produced accounts because we couldn't while in administration and because of that Aim have said 'That's it, no more, goodbye'. YCNMIU - I've lost my small holding, I suppose some must have lost much bigger.

Apparently it's a coincidence that it all gets sorted with DOCA and at the same time under Aim rule 41 we get kicked off Aim. The company has argued to continue and apparently David Steinepreiss has lost loads of money too, but that's it ALL GONE.

Just spoke to the Nomad William Vandyk, Northland Capital Partners Ltd - because the shares have been suspended for so long(7 months) and the accounts are outstanding, AIM have decided, in their wisdom, to chuck NGL off Aim and the shares are NOT tradeable and will NEVER be. The ASX shares may be reinstated on ASX but all AIM shares are now worthless. It may be possible to transfer your holding into ASX shares. You will still remain a shareholder in the company and will still receive certain information and be able to vote - Oh, thank you very much. The company cannot get back onto Aim without a complete and full new application which seems very unlikely. The company was unable to do the accounts as the Administrator prevented access and although AIM granted an extension once, it won't again and all our money has basically GONE.

with a feather! Is there still life in the old dog. M4 - thanks for that 'miningmaven' tweet - he/she/it has just tweeted again "Gd to see $TPJ moving, the 2nd to do so after $PLMO started to move last week. Plenty more potential movers to come thru as MM tweets soon."

Just 4 of us geniuses today! Zoomer you really are a whizz, but you are about the best we've got going here now. Where's Caveat Emptor these days, struck me as a very informed poster, we need you to talk sense. Pterodactyl - god that took some spelling, we are stuck but IMO we will bounce not sink. GL

Your'e a whizzzzzzz. Anyway, I've done what I can to stir this sleeping giant of a share price.

Mine and some other mug(I mean genius)

Nightmare this share - there surely is nothing else that can go wrong. I mean go back to last October or so, it read like it was just throw a few pipes off a boat into the sea and start pumping. My God the catalog of problems since then, the wait for flow rates, the gremlins. Well, unbelievably, it's only got another 2.5p to go if it keeps going it's usual way. I'm going to get a few more early this week as I, like you, think they are more likely to still own it and get if flowing than the whole lot is going to be pulled from under us. GL chaps.

Great work following this all up. So RNS on Tue Apr 16th is now out-of-date you say. Default surely still stands but with now a gentleman's agreement that it'll get sorted soon? Nsdols - in up to my neck like everyone else except Cliveas

They did put in the Tue April 16th RNS : "It is now in default of significant outstanding financial commitments on its I-1 Well which could prejudice the Company's interest in the Well, in respect of which it has received a notice of default."

nothing's changed - 4 trades today, sp same as yesterday though says -5.88% on here. Cliveas please do, I haven't read the default notice if you mean something different than the last RNS.

Now don't start getting all posh on us 'non-Premium members' - any part of your whispering you'd like to share with us poor mortals?

I hope one of these turns out, we haven't got many left. I think the 10% interest in Vietnam that we sold the other 90% for £5 to Bill can't be worth much (if 90% = £5, 10% = 55p, oh, go on I'll round it up, it's 56p) Not holding my breath, but awaiting news that might lift this from the grave.

Well that is a big fear HH, a much lower placing. The price has slipped nicely for that. Hope not. Quite a few 100,000 buys going through starting @ 2.17p(shown as sells) and getting higher almost each trade. This IMO is definitely worth averaging down - a few hundred spent now is worth the risk. I was @ 12p originally.

Triple Plate Junction to sell Crater Mountain stake By BFN News | 09:31 AM | Tuesday 16 April, 2013 TriplePlateJunction PLC Ord 1P (TPJ) Triple Plate Junction, the AIM-listed exploration company focused on South East Asia, has agreed to sell its 8% interest in the Crater Mountain joint venture , a pre-revenue gold exploration project in Papua New Guinea to the operator, Gold Anomaly Ltd (GOA) for a cash payment of $200,000. The payment will be placed in escrow by GOA, pending the formal transfer of the interest and its approval by the Government of Papua New Guinea. Once transfer is completed, the payment will be released to TPJ. The agreement has been signed by TPJ and GOA and is subject to the establishment of the escrow and PNG Government approval of the transfer. TPJ will use the cash to fund its current operations. The disposal will leave TPJ with: three gold exploration projects in Papua New Guinea, namely Morobe, Manus Island and Wamum, partnered with Newmont, Newcrest and Barrick respectively; as well as a 10% interest in the Pu Sam Cap project in Vietnam. The Company continues to examine further opportunities as they arise. At 9:31am: (LON:TPJ) Triple Plate Junction share price was +0.03p at 0.43p Story provided by StockMarketWire.com

Surely they can find a few grand between them - the £750,000 by July 1st might be a bit harder to find. Anyway, couldn't resist the opportunity for a few @ 2.9p, but now they're even cheaper.

A$200,000 = £136,000 not a big payout for TPJ = 0.0368p per share, so 1000 shares = 37p, and for 100,000 shares it's worth £37 - not that the cash will be distributed. But...... Awaiting RNS

Your enthusiasm for this share is infectious but not as infectious as our citrus disease - lol. Admittedly the sea of red with share trades today is misleading - at least about half are buys on a tighter spread than advertised. Anyway, will look in occasionally but I've got bigger investments/problems(lol) elsewhere. GL