NTU - Northern Minerals
- Thread starter YOUNG_TRADER
- Start date
-
- Tags
- northern minerals ntu
Logique
Investor
- Joined
- 18 April 2007
- Posts
- 4,290
- Reactions
- 768
Cheers Nioka.
I notice that we book-end the state by location.
The market seemd to like the discovery of Heavy Rare Earths HREE at the John Galt prospect in the Kimberley. HREE being a segment even harder to find than the regular REE's and expected to be in pronounced shortage in 2014.
Been a while since I've had a stock run up (initially) 35% on an announcement.
I notice that we book-end the state by location.
The market seemd to like the discovery of Heavy Rare Earths HREE at the John Galt prospect in the Kimberley. HREE being a segment even harder to find than the regular REE's and expected to be in pronounced shortage in 2014.
Been a while since I've had a stock run up (initially) 35% on an announcement.
- Joined
- 25 September 2007
- Posts
- 1,712
- Reactions
- 13
The fact that Yttrium and Dyprosium make up such a large percentage is very significant.
These are No1 and 2 on the critical list, and if you check the metal.pages, they have gone up a lot.
I couldnt help but buy some more when I read that ann, and expect the SP to be >$1, sooner, rather than later.
good day all round to be a REE-suite holder
These are No1 and 2 on the critical list, and if you check the metal.pages, they have gone up a lot.
I couldnt help but buy some more when I read that ann, and expect the SP to be >$1, sooner, rather than later.
good day all round to be a REE-suite holder
Good movement forward for NTU today. Options are still the best buy although not available in any quantity. Still got a little to go to reach its all time high of $1.475 but up over 15% today and a four year high. This is despite no new news release but it may indicate one is on the way. NTU certainly has been a good earner to this point of time.
maybe the news on Friday about Dudley Kingsworth joining the board as a real earth expert helped the price a little today?
http://203.15.147.66/asx/research/companyInfo.do?by=asxCode&asxCode=NTU
http://203.15.147.66/asx/research/companyInfo.do?by=asxCode&asxCode=NTU
No doubt it helped but it was known a week earlier and probably helped the SP earlier on. There are other factors at work in the rare earth business that is promoting confidence all round with most rare earth stocks having a good run at the moment.
- Joined
- 28 September 2007
- Posts
- 85
- Reactions
- 0
This from the BBC today.
http://www.bbc.co.uk/news/business-13465478
"China has expanded export quotas for rare earth metals, further tightening its grip on the minerals used in a number of high-tech electronics.
From Friday, iron alloys containing more than 10% of rare earths will fall under the export quota, the commerce ministry said in a statement."
I expect this to bode will for NTU.
http://www.bbc.co.uk/news/business-13465478
"China has expanded export quotas for rare earth metals, further tightening its grip on the minerals used in a number of high-tech electronics.
From Friday, iron alloys containing more than 10% of rare earths will fall under the export quota, the commerce ministry said in a statement."
I expect this to bode will for NTU.
- Joined
- 28 September 2007
- Posts
- 85
- Reactions
- 0
Well this'll be interesting. Massive volume on the run up to close yesterday and an 18% SP increase followed by a trading halt pending an announcement r.e. drilling results.
As a shareholder in it for the long term I'm not that fussed about the SP spike but it does still annoy me that there were almost certainly trades conducted with information not in the public domain.
As a shareholder in it for the long term I'm not that fussed about the SP spike but it does still annoy me that there were almost certainly trades conducted with information not in the public domain.
Definitely a leaky boat. The only consolation is that it indicates good news. I would hope that the management takes action and that anyone profiting from using confidential in this way gets short shift. It shouldn't be hard to trace the share register would certainly have any information required. I remember during WW2 there used to be posters all over the place that said "loose lips sink ships".
We assume that the announcement is about drill results. It may turn out to be a capital raising or a takeover offer. Stranger things have happened.
Logique
Investor
- Joined
- 18 April 2007
- Posts
- 4,290
- Reactions
- 768
Or an offtake agreement. And a please explain from ASIC.
- Joined
- 28 September 2007
- Posts
- 85
- Reactions
- 0
Definitely drill results. As per announcement - "trading halt pending release of an announcement regarding preliminary drill results from the exploration program currently underway at the Browns Range Project"
Definitely drill results. Good results that proves the leaky boat theory. Up a little today on a bad day all round. If you look at the SP a week ago (before the leak) we have shown quite an increase. Good news on the US fiscal problem should lift the market and establish new highs for NTU. A good report also from LYC should also reflect in the SP of NTU as once LYC get into production there is a good chance that they will need some of the heavy rare earths that they lack to a degree. Heavy rare earths that NTU seem to be finding.
China reported will be importer of HRE by 2014
http://www.themalaysianinsider.com/...ole-in-rare-earths-could-be-importer-by-2014/
http://www.themalaysianinsider.com/...ole-in-rare-earths-could-be-importer-by-2014/
- Joined
- 28 September 2007
- Posts
- 85
- Reactions
- 0
Well I hope you chaps were loading up when the SP was in the 20 ´s. I really do think that those days are behind us. With the Wolverine results due any moment and a JORC to follow in the next 1 to 3 months I believe that the bigger market players will start to sit up and take notice.
I dont know whether its T/A or fundamentally people are buying because of results due...
greggles
I'll be back!
- Joined
- 28 July 2004
- Posts
- 4,456
- Reactions
- 4,474
A share price spike for Northern Minerals today after the company announced that it has entered into a subscription agreement with NRE Industrial Group Limited (NRE) to raise $25 million. NRE is a subsidiary of Northern Rare Earth SYL High-tech Co., Ltd, a specialist rare earth separation company based in China. The Company also executed a further $2 million subscription agreement with a private sophisticated investor which is 22,222,222 shares at 9 cents to be received by 31 October 2018.
The $25 million subscription is comprised of four tranches:
The funds raised under the subscription agreement will be used to progress development of the Company's Browns Range Heavy Rare Earth Pilot Plant Project and to accelerate the Company's enhancement initiatives for Browns Range, exploration efforts at Browns Range as well as for general working capital.
The market liked the announcement and NTU is currently up 9% today to 8.5c.
The $25 million subscription is comprised of four tranches:
The funds raised under the subscription agreement will be used to progress development of the Company's Browns Range Heavy Rare Earth Pilot Plant Project and to accelerate the Company's enhancement initiatives for Browns Range, exploration efforts at Browns Range as well as for general working capital.
The market liked the announcement and NTU is currently up 9% today to 8.5c.
- Joined
- 26 March 2014
- Posts
- 19,581
- Reactions
- 11,842
Rare earth mineral discovery set to make Australia a major player in electric vehicle supply chain
https://www.abc.net.au/news/rural/2...ind-to-boost-electric-vehicle-sector/10562460
https://www.abc.net.au/news/rural/2...ind-to-boost-electric-vehicle-sector/10562460
greggles
I'll be back!
- Joined
- 28 July 2004
- Posts
- 4,456
- Reactions
- 4,474
NTU hammered this morning after the company announced that it has received formal notification from AusIndustry that AusIndustry is of the opinion that the Company's 2016/17 and 2017/18 R&D Claims relate to activities that are "ineligible R&D activities" which would not be eligible for the R&D tax offset for those income years.
As a result, the company is now required to repay to the ATO the $10.78 million that the ATO released to the Company in February 2019 that represented 50% of the $21.56 million tax offset that the Company claimed for the 2017/18 income year. The Company also expects that it would be required to repay the amount paid by the ATO for the 2016/17 income year (being approximately $2.6 million), potentially together with interest and penalties (which are yet to be determined).
A disappointing outcome for shareholders.
NTU down 22.37% to 5.9c this morning following the announcement.
As a result, the company is now required to repay to the ATO the $10.78 million that the ATO released to the Company in February 2019 that represented 50% of the $21.56 million tax offset that the Company claimed for the 2017/18 income year. The Company also expects that it would be required to repay the amount paid by the ATO for the 2016/17 income year (being approximately $2.6 million), potentially together with interest and penalties (which are yet to be determined).
A disappointing outcome for shareholders.
NTU down 22.37% to 5.9c this morning following the announcement.
NTU management have done an outstanding job raising funds to keep the lights on for this long. While I doubt this company will ever run into anything more than a speculative short term investment, I’m afraid it’s nearing the end of the road.
The company has large debt with multiple institutions and is finding it harder and harder to raise money. i give the company till the one of year before administrators are called in. Looks like Sino Steel will get the lot being a secured creditor. The tax man will lose out as the millions of tax payers dollars that have been pored into this company will never be paid back.
It’s an absolute disgrace.
