NTU - Northern Minerals

NTU - trading halt
I read on Afr , after announcing it was fast tracking reaching commercial rare earth's production ,
Ntu is seeking a cash injection to make it all happen

Please DYOR please

Dark1975 said:

NTU - trading halt
I read on Afr , after announcing it was fast tracking reaching commercial rare earth's production ,
Ntu is seeking a cash injection to make it all happen

Please DYOR please

Click to expand...

Yes, trading halt in place for announcing a capital raising...


Well, if they raise at a discount to the current share price, investors may get a chance to get in at a cheaper price from the recent rally and existing shareholders may be able to top up their holding.

Now that the Capital Raising (CR) is done and dusted and share price has dipped well below the CR price, I think this could be in for some recovery...


Lynas is leading the way, so other good Rare Earth candidates on the asx like NTU should follow IMO.

NTU haven't done much since the capital raising.

sptrawler said:

NTU haven't done much since the capital raising.

Click to expand...

Has been too quiet and share price had drifted too far south in the past, so it was sold out of the spec portfolio a while back.

I will look at it again when they start producing and see if the operation is profitable enough for me to consider owning a few shares in. I was impressed by @barney's RE stock as to how quickly the management got it to production.

With mining companies I think it's great to see the people at the helm get the thing going right from the get-go. Even if it's a small operation, if they get it running and then fund further exploration / acquisitions etc from that it's a good sign.

I've seen great deposits go to waste and management sit on them for decades continuously taking the shareholders for goose chases and spruik them up each time to raise capital till they have a hole in their pocket. Not saying anything about NTU with this regard, but I think people/shareholders are scared when they don't see progress to kick the share price along.

aus_trader said:

Has been too quiet and share price had drifted too far south in the past, so it was sold out of the spec portfolio a while back.

I will look at it again when they start producing and see if the operation is profitable enough for me to consider owning a few shares in. I was impressed by @barney's RE stock as to how quickly the management got it to production.

With mining companies I think it's great to see the people at the helm get the thing going right from the get-go. Even if it's a small operation, if they get it running and then fund further exploration / acquisitions etc from that it's a good sign.

I've seen great deposits go to waste and management sit on them for decades continuously taking the shareholders for goose chases and spruik them up each time to raise capital till they have a hole in their pocket. Not saying anything about NTU with this regard, but I think people/shareholders are scared when they don't see progress to kick the share price along.

Click to expand...

Agree completely, I looked into them when the Browns Range find was big news, decided there was a long road to travel. It might be worth keeping an eye on announcements, because they are reasonably close to port facilities, if the have something to ship.

sptrawler said:

Agree completely, I looked into them when the Browns Range find was big news, decided there was a long road to travel. It might be worth keeping an eye on announcements, because they are reasonably close to port facilities, if the have something to ship.

Click to expand...

Yeah, once they start making shipments we'll really see how profitable the mining operation is.

Who knows if it ends up having huge profit margins, they may start throwing off juicy dividend payments and I'll certainly be interested collecting those as a shareholder then...

NTU had a little run up last few day.
Now highest its been since back in Feb.
Have a spec sell order in at 49, may have to revisit that one.
Mick

@aus_trader NTU seem to be back where they were 12 months ago, after the capital raising, still drilling and doesn't look like any digging going on.
Could be time for another capital raising?

Iluka will help finance the development of Northern Minerals’ heavy rare earths Browns Range project through a $15 million convertible note and $5 million share placement.

Iluka could eventually end up with a 19.9 per cent stake in Northern and provide funding of up to $78 million if certain conditions are met under the terms of the agreement between the two companies.

The deal is set to give Iluka access to feedstock from a deposit rich in heavy rare earths materials dysprosium (Dy) and terbium (Tb).

Exposed: Chinese heavy hitters linked to rare earths battle​

Brad Thompson

The company accused of covert attempts to gain control of Northern Minerals has ties to Chinese conglomerates tasked with maintaining a stranglehold on rare earths supply.

Singapore-registered Yuxiao Fund has signed a co-operation agreement with rare earths giant China Northern and Shanghai-listed Shenghe Resources in front of a host of Communist Party officials.

The agreement was hailed as a breakthrough in extending China’s reach in rare earths around the same time Northern Minerals became concerned about trading in its stock and referred several transactions to the Foreign Investment Review Board.


Yuxiao’s Wu Tao, left, signing a co-operation agreement with the leaders of China Northern and Shenghe Resources.

Northern Minerals is developing the strategically important heavy rare earths Browns Range project in Western Australia. The mine will supply Australia’s first fully integrated rare earths refinery being built by Iluka Resources with a $1.25 billion loan from the federal government. Australia, along with the United States and other allies, is trying to break China’s stranglehold on the refining of heavy rare earths materials essential in the military and weapons systems, and in other industries.

China Northern director Meng Fanying said the new agreement with Yuxiao and Shenghe was “another important measure to thoroughly implement the spirit of … Xi Jinping’s important instructions on the development of the rare earth industry."

...
Yuxiao, led by Chinese businessman Wu Tao, is targeting Northern Minerals boss Nick Curtis as an investigation continues into whether recent share trading is above board.

Mr Wu is pushing for a seat on the Northern Minerals board. Northern Minerals is also examining two other candidates nominated for board seats “to understand whether there are links between these individuals and other shareholders in the company”.

Yuxiao has requisitioned Northern Minerals to call a meeting in an attempt to dump Mr Curtis as executive director and give it access to the company’s books.

The push to dump Mr Curtis comes after the Northern Minerals board told Yuxiao it had to seek FIRB approval in order for Mr Wu to become a director. It is unclear if Yuxiao has sought that approval but earlier this year, acting on FIRB advice, Jim Chalmers blocked Yuxiao increasing its stake in Northern Minerals to 19.9 per cent from 9.81 per cent.

Details of the co-operation agreement with China Northern and Shenghe, China’s biggest importer of rare earths, were published by Yuxiao earlier this month. The agreement, according to Mr Wu and other senior officials, would boost the international influence of China’s rare earths industry.

Former defence minister Kim Beazley said the “game was up” for China – a reference to controlling global heavy rare earths – if Iluka could source dysprosium and terbium from Browns Range and succeeded in building a full-integrated refinery at Eneabba in WA.

“Terbium and dysprosium are pretty essential for the permanent magnets used in weapons systems to give them extreme accuracy,” said Mr Beazley, who is an advisor to Lockheed Martin, which uses heavy rare earths in its F-35 fighter jets.

“This must be under our control,” he said of Browns Range. “FIRB has been having a real hard run against efforts to somehow give Chinese individuals control of Browns Range.”

China Northern is one of the major rare earths producers left controlling the industry after the Communist Party opted to consolidate the number of operators. Shenghe is China’s global rare earths company, with ownership stakes and offtake agreements covering international assets, including the only operating rare earths mine in the US.

Dona Ferentes said:

China Northern is one of the major rare earths producers left controlling the industry after the Communist Party opted to consolidate the number of operators. Shenghe is China’s global rare earths company, with ownership stakes and offtake agreements covering international assets, including the only operating rare earths mine in the US.

Click to expand...

How is it that the US has allowed its only operating REM mine at Mountain Pass to send virtually all of its output to China via off take agreements.
Chinese interests own about 8% of the holding company, MP materials.
Given the strategic significance, ya gotta wonder who the hell is in charge over there.
Mick

mullokintyre said:

How is it that the US has allowed its only operating REM mine at Mountain Pass to send virtually all of its output to China via off take agreements.
Chinese interests own about 8% of the holding company, MP materials.
Given the strategic significance, ya gotta wonder who the hell is in charge over there.
Mick

Click to expand...

Ring the bell, knock, knock, oh only the Chinese manager answered.

The feds are kicking the Chinese commies out of NTU - hahaha
High ranking CCP ministers are saying we should be like them and not interfere with free commerce - hahaha .. the pigs. We're getting a friendly visit from the CCP Premier.

Australia orders Chinese investors to sell down stake in rare earths miner​

Reuters | June 3, 2024

"Australian Treasurer Jim Chalmers has ordered several China-linked investors to dispose of shares in rare earths miner Northern Minerals on national interest grounds, a spokesperson said on Monday.

Northern Minerals is developing the Browns Range heavy rare earths project in Western Australia, at a time when the sector has become increasingly strategic for its uses in green energy and defence."

"Browns Range is set to supply Iluka Resources’ Eneabba rare earths refinery under construction in Western Australia, which already has a A$1 billion($665.10 million) funding pledge from the Australian government and is waiting on a decision for more."

Full article: https://www.mining.com/web/australi...tors-to-sell-down-stake-in-rare-earths-miner/

Not considering a buy (for RE, I'm hoping to jag some ILU at a cheap price) but monthly chart looks prospective for a longer term outlook?
The candle bodies have been small for years and the lows could be taken loosely as a double bottom. All positive volume lately and amplified.

Not Held

MONTHLY Decade

“The Middle East has oil. China has rare earth metals.” So said Deng Xiaoping

Former defence minister Kim Beazley said the “game was up” for China – a reference to controlling global heavy rare earths – if Iluka could source dysprosium and terbium from Browns Range and succeeded in building a full-integrated refinery at Eneabba in WA.

“Terbium and dysprosium are pretty essential for the permanent magnets used in weapons systems to give them extreme accuracy,” said Mr Beazley, who is an advisor to Lockheed Martin, which uses heavy rare earths in its F-35 fighter jets.

“This must be under our control,” he said of Browns Range. “FIRB has been having a real hard run against efforts to somehow give Chinese individuals control of Browns Range.”

So somehow Chinese interests were still able to get to 10% of the company.
Forced to divest by FIRB and Chalmers, announced on 03 June. Company announced it got hacked the next day.

China friendly new exec chairman

6 billion shares after Aug/Sept 2023 placement @ 0.03
Not counting lots of options and performance shares for management - musn't let them get diluted.