Newmark Security Share Discussion Threads

[robson1974] 21/1/2010 08:48

I think most Institutions will vote against NWT on a point of principle.

i.e. the Institution have some but NWT are a shower

[wantedman666] 21/1/2010 08:42

SKYSHIP,

We have to wait and see.The vote is not won yet and in case it will be lost,this would not be very good for NWT.
Chances are good though,that NWT will be able to win the first vote,as their proposal of distributing EXT shares to URUs shareholders should look appealing for many.

The second vote looks to be more difficult,but again chances are not that bad.

[ppowerscourt] 21/1/2010 07:50

Post 73 -- LOL, LOL, same here, no comprendo.

[skyship] 21/1/2010 07:37

Better volume in Canada (600k) - though still tiny bearing in mind the potential enormity of what's afoot. share price marginally better @ 13.5/14.0c.

Surely far too cheap?

[wantedman666] 20/1/2010 20:41

This is Blockbusternews to NWT !!!!! (with one constriction in case they are successful,which is not sure yet,but there is a good chance)

Here is a post of mine from the KAH board:

Hello everybody,

After reflecting a bit,here is my opinion on the whole matter.As I am a NWT shareholder,i will try to keep this neutral.

I guess NWT got annoyed with the time the whole Extractstory takes.As i have previously posted,they were expecting a take over bid to happen much sooner.So they probably dont want to wait much longer (6 months,a year?) until something crucial happens.

So here is something,which has explosive potential in the deal:

In case NWT will be able to win the vote at URUs EGM and after that KAHs shareholders will be able to win the vote regarding distributing their EXT shares,RIO would end up with over 20% of interest in EXT !!!

According to ASX rules Rio would then be forced to make a take over bid to all EXT shareholders. So the action starts.

Maybe after Rios bid,other companies or countrys come out and we get our "bidding war" ?

I guess DdJW has no interest in that,because after distributing their EXT shares,KAHs role in the whole matter would be absolutely unimportant.The same is true for Mark Hohnen.

So what would that mean for shareholders?

The small companies who momentarily suffer from a double or triple discount (URU,EML,REGPAC,NWT,...) will see that discount vanish.(which will make the taxation issues important again)

KAH shareholders will get a direct grip on EXT as well.Another discount that would vanish.

So I think the whole matter was initiated by NWT to heat things up.They want a take over rather sooner than later and are probably willing to get the amount X now instead of waiting for the drill rigs to finish their work in 6 or 12 months time.

So probably a good deal for all the impatient ones,who want their money now.People who prefer to let Extract drill until they will be able to prove the whole resource and thus maybe getting a much higher reward in the longterm will see things differently.

How about the chances that NWT will be successful ?

The first vote will take place at URUs EGM.
The biggest shareholders are:

1.NWT 35.13 % (meaning they secretly increased their holding in the last weeks)
2.Afnat 11.73%

You can count on these two to vote contrary,which will give NWT a 26.5 Mio headstart.
This is quite a lot for URUs outstanding shares of ~ 113 Mio. So there is a good chance NWT will win this vote.

The second vote will be for KAH shareholders,wether they agree to distribute nearly all of KAHs EXT shares to shareholders.Now this vote has the potential to be more thrilling.
Majar shareholders are:

Rio Tinto International Holdings Australia Pty Ltd 28,179,810 13.48%
Niger Uranium, Ltd 27,680,000 13.24%
M&G Investment Management 20,900,000 10.00%
Emerging Metals Limited 17,600,000 8.42%
Coronet Resources Limited 16,000,000 7.65%
Blakeney Management Limited 11,446,850 5.48%
New City Investment Managers 7,199,980 3.44%
Henderson New Star 6,946,480 3.32%
Regent Pacific Group Limited 6,312,009 3.02%

In case RIO wants to get rid of KAH as a blocking power (which is likely) you can combine URUs and Rios shares giving them 26.72 %
On the other side the distributed EML and RegPac will probably vote against them = 11.44 %

But again NWTs cause has an advantage.

I have no idea how all the other shareholders will decide and the votes are far from being won yet.
But we finally see some action again and everything because of a tiny Canadian company with a marketcap of under 20 Mio CAD.

Absolutely stunning !



Some points to add:

If they are successfull NWT will have Cash,which is at least double-maybe triple or more of the actual marketcap !!!

This would make them independant for years to come,no fears of further dilution ( apart from the options )

Could they then be able to start their Vietnam project,this might be a very interesting story to watch...

[jonno1] 20/1/2010 17:14

I was also wondering that, is this good news, bad news, or a nothing burger?

[721richard] 20/1/2010 16:09

What do you guys think of this? What is the advantage of this proposal over the earlier one? Thanks in advance.


Jan 20, 2010 09:46 ET
EGM Requisition

TORONTO, ONTARIO--(Marketwire - Jan. 20, 2010) - NWT Uranium Corp. (TSX VENTURE:NWT)(OTCBB:NWURF)(FRANKFURT:NMV) ("NWT") announced today that, for the reasons set forth below, it will be taking immediate steps to requisition a General Meeting ("GM") of shareholders of Niger Uranium Limited ("Niger Uranium"). NWT holds approximately 35% of the outstanding issued shares of Niger Uranium which carry a right to vote at shareholder meetings.

At the GM to be convened at NWT's request, NWT proposes that Niger Uranium shareholders vote on a composite resolution for (i) the removal of Niger Uranium's Executive Chairman, David de Jongh Weill, as a director and his replacement with Wayne Isaacs, and (ii) the authorization of the Niger Uranium board to take the necessary steps to seek the distribution by Kalahari Minerals Plc (AIM:KAH) ("Kalahari") of not less than 90% of its shares in Extract Resources Limited (TSX:EXT)(ASX:EXT)(NSX:EXT) ("Extract") to shareholders of Kalahari. NWT's management would, if successful, recommend that substantially all of the EXTRACT shares be subsequently distributed to Niger Uranium shareholders by way of special dividend.

Niger Uranium currently holds approximately 13% of the outstanding shares of Kalahari and Kalahari currently indirectly holds approximately 41% of the outstanding shares of Extract. If the proposed distribution by Kalahari proceeds, Niger Uranium would receive approximately 11.7 million shares of Extract worth approximately $95.9 million Australian (approximately $88.5 million US$) based on the closing price of January 18, 2009.

Management of NWT believes that this proposed course of action is in the best interests of all Niger Uranium shareholders. In November 2009, Niger Uranium's shareholders rejected a resolution to approve a special dividend of all of Niger Uranium's shares of Kalahari. Notwithstanding this rejection, Mr. Weill continues to propose that Niger Uranium dispose of its interest in Kalahari, this time in tranches so as not to require shareholder approval. He has also indicated in his recent Chairman's Statement that he intends to re-submit the special dividend proposal to shareholders at the forthcoming annual general meeting. This dividend would greatly reduce the chances of the more valuable dividend of Extract requested by NWT from becoming a reality. Also, Mr Weill has a conflict of interest in determining this, given his role as a Director of Kalahari.

NWT had agreed to withdraw its previous EGM requisition which was publicly announced on January 29, 2009 and appoint Mr. Weill to the board of Niger Uranium on the understanding and representation that he would serve as an independent director and act in the best interests of all Niger Uranium shareholders.

In addition to serving as a director of Niger Uranium, Mr. Weill is currently a director of Kalahari and Chairman of AfNat Resources Limited (the company resulting from the merger of Amber Petroleum Ltd and Lithic Metals and Energy Limited, which recently became a significant shareholder of Niger Uranium). As a result of his actions and various relationships, NWT believes that Mr. Weill has significant conflicts of interest.

Mr. Wayne Isaacs is a successful mining executive. He is currently the CEO of Delta Uranium Inc. (TSX:DUR), www.deltauranium.com and previously a founder and CEO of Forsys Metals Corp, until September, 2007.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

[uknighted] 18/1/2010 12:03

A lot of sells this morning but the price is holding up well.
Regards
UK

[canford c1iffs] 16/1/2010 11:34

If the Directors start buying again we should go above 2p but until we know what happened to the late Mr Reids holding I doubt this will happen, imho.

[exel] 16/1/2010 11:30

while the prospects, longer term, are really very considerable here - this share price will only move up (or down) on supply/demand. buyers did their bit, this week, to restrict the former by pushing the latter, and it showed up yesterday when that low bid cracked.

[spights] 16/1/2010 11:11

yehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
:o)))))))))))))))))))))))))))))))))

[divinausa1] 16/1/2010 10:58

reminder from the interims

Commenting on the results, Maurice Dwek, Chairman of Newmark Security, said: "As
predicted in the annual report, results for the year to date have exceeded the
corresponding period last year despite the continuing economic problems
affecting the country.With the number of projects in hand, the Board believes
that the prospects for the second half are extremely encouraging. The
developments outlined in these results in the electronic division are very
exciting for the future.

[mjcferguson] 15/1/2010 18:43

Nice to finally make it back into profit.I believe that this company is still substantially undervalued based on its present profitability alone.If the heavy spend on research and development is successful there could be significant upside over the next couple of years.Having held on for a while now I certainly intend to stick it out.

[canford c1iffs] 15/1/2010 18:08

a good day for nwt with a late surge - will we see 1.8p next week?

[davidosh] 08/1/2010 12:57

just email me via TMF. Here is an old post of mine on LOQ over on
the Fool site...



To email me just hit the post reply option on that post. Then type your message but just uncheck the reply to board box and tick the reply to author by email option and it will get to me. That way there is no need to publicly provide an email which may get spammed afterwards no doubt. If you give me your number or I will provide mine no problem either way.

[sll] 08/1/2010 12:51

davidosh - if you give me a number (and first name) I'll try to call you.

[davidosh] 08/1/2010 12:11

SLL....How can I contact you?

[sll] 08/1/2010 11:54

Thanks all, but let no one get carried away. I paid just over 1.65p per share for my first serious tranche of this stock (which is still held) well over five years ago, now, so no money is being made, and there are no riches to count. The recent dividend has been a welcome (if modest) introduction to the situation, and there could conceivably be better things to come, but it may take another 5 years, or more. If the last 2 or 3 years has taught us anything, it is that absolutely nothing may be taken for granted, here or anywhere else for that matter.

[bsg] 07/1/2010 14:22

Woopie, been quite dull here ! SLL probably doesn't agree, well done on your >3% holding by the way, hope it makes you alot richer.

[davidosh] 05/1/2010 12:52

just to mention I am adding to my holding if anyone wants to sell in reasonable size at the mid price as the spread is rather wide. Does anyone know anything about the recent large buyer or is that you SLL ?

[ppowerscourt] 05/1/2010 11:33

Wantedman,

Go to bb 575 here and you will find that RegPac has increased their investment in KAH and still owns PRL and a hosts of other new investments.

Am looking to re-invest in NWT very, very soon.

Best regards,

pp

[russman] 30/12/2009 20:48

The same SL & RS Lothian (Barclay Nominees) that popped up on Artisan(UK)'s share register.

[sll] 30/12/2009 15:44

Thanks CC, one does what one can. Happy New Year!