Bullabulling Share Discussion Threads

[truckertee] 15/7/2014 15:20

Seems a bit of a strange statement from Peter. (for the benefit of all shareholders?) I thought we'd all (shareholders) been screwed by Norton.

Bullabulling Chairman, Mr Peter Mansell, said "I welcome Dr Chen and Dr White to the board and look forward working with them as the Company moves the Bullabulling Gold Project towards production for the benefit of all shareholders. On behalf of the board and Shareholders of Bullabulling, I would also like to thank Mr Lambert for what he has achieved for Bullabulling during his tenure. Despite very significant external headwinds, Brett has done all that we could have asked of him. The professionalism of Brett's team in taking the Bullabulling mine from a difficult and early exploration project to what now looks like a viable development project of a large scale gold mine is commendable. But for the changed corporate circumstances and his diminished role, Brett would certainly not have been leaving the company now."

[pongo88] 15/7/2014 12:45

For all those using HSBC InvestDirect I have just received a call from them to confirm that they have sorted out their previously erroneous interpretation and all will be settled at 8 cents.

[sweepie2] 15/7/2014 08:17

5% increase in holdings today hopefully the money should be released soon so we can all move on

[sat69] 14/7/2014 23:33

My holding became untradable today. I'd also like to know when I'll have cash in my account. I'll be over the moon if it was this month but my guess is it will be some time in Aug.

[clive205] 14/7/2014 21:59

Does this extension affect when we'll actually get the cash for our BGL shares - anyone know?

[evilblues] 14/7/2014 21:07

Hear hear. Brett lambert et al - hang your heads in shame for doing nothing more than babysitting a fantastic opportunity, only to be caught napping with your pants down when mr & Mrs Norton came home.

[leedskier] 14/7/2014 10:41

One can only admire NGF for taking control of this valuable asset for some £15 million.

But will this be a wake-up call for other companies in this sector/segment?

I doubt it.

Aim was recently rightly described on another BB as a 'train wreck'.

[valentine] 14/7/2014 10:34

Someone just took 550k Kibo @ 1.85. Nowt really in money terms but encouraging nontheless. Oversubscribed placing!

[bcomms] 14/7/2014 10:15

Norton Gold Fields' latest announcement - 14 July 2014

[rich pickings] 14/7/2014 10:08

Valentine - many thanks. I will check them out.

[rich pickings] 14/7/2014 10:08

Valentine - many thanks. I will check them out.

[valentine] 14/7/2014 09:52

KIBO and ORE. KIBO just had an oversubscribed placing in which directors participated. They have a GM in N. Tanzania/Lake Victoria area. Presently looking for JV money for Power station in Rukwa coalfield. ORE have interesting results in Mutsk, Armenia. drilling ptr announced. News soon, allegedly. There is always AUE. Quality co with good BoD, as with CNR.

[evilblues] 14/7/2014 09:48

Midas - bit risky though? Couldn't they delist from Asx too thus diluting shareholders who hung on to nothing?

[midas7777] 14/7/2014 09:45

Although the AIM shares will be cancelled, they will be transferred to the Asx register. So do not be bullied by NGF if you wish to retain a holding.

[rich pickings] 14/7/2014 09:15

Just announced on the ASX:
Norton secures controlling stake in Bullabulling - (50.95%), with automatic 14 day extension.

o.k - lost on this one, but with the proceeds, anyone like to recommend the next gold miner to hopefully recoup?

[stuart14] 11/7/2014 16:28

Assume they'll reach 50% by Monday. Today is the last day to accept the offer- I guess the brokers will collate all their clients info and present at once to Norton.

I reckon they'll have 58% by COP Monday.

[evilblues] 11/7/2014 15:57

Any advice on potential outcomes on a Long spread bet here should I do nothing? IG index have said I have until Monday to decide, but they are not accepting the offer with their hedge..TIA.

[carl79] 11/7/2014 14:01

at 50.1% they cast majority votes so basically the company does what they want it to...de-list, or whatever...

[sweepie2] 11/7/2014 10:39

On the verge of 50%, now at 48.58%, could anybody remind me what happens at 50.1% could the controlling party remove BOD'S, take company off AIM
Anybody heard the date when we all get our cash
Thanks

[blik] 09/7/2014 15:57

Just completed my acceptances and highlighted todays announcement to my brokers that they better not scam me on fees and commissions.

[bcomms] 09/7/2014 11:01

Latest Norton Gold Fields announcement regarding the takeover of Bullabulling Gold

[sweepie2] 09/7/2014 10:58

Don't really feel they need to do this as surely most peeps are accepting the offer now, can we read anything into this?

[midas7777] 09/7/2014 10:56

NGF are desperate to get to 50%. There are now giving away .75% of the proceeds from now til closing of offer.