Newmark Security Share Discussion Threads

[jonno1] 05/4/2010 12:46

sold out here, company can't even be bothered to reply to e-mail...

[skyship] 04/4/2010 11:56

NWT has perhaps surprisingly proved more profitable than the other players - EML/EXT/KAH/PLR & URU; entirely because of the strength of the C$ v. GBP....

I just wish they'd do a little more on the Financial PR front!

[jonno1] 31/3/2010 09:07

This doesn't mean that any NWT shareholders are likely to receive anything though, does it?

[secondsight] 30/3/2010 20:56

NWT Uranium receives dividend from Niger Uranium

2010-03-30 12:12 ET - News Release

Mr. Nadir Mirza reports

NWT URANIUM CORP. RECEIVES DIVIDEND FROM NIGER URANIUM

NWT Uranium Corp. has received its proportionate share of the dividend announced by Niger Uranium Ltd. on Feb. 16, 2010. The dividend, as announced by Niger Uranium, was from the disposal of 14 million shares in Kalahari Minerals PLC. NWT received 1,285,686 British pounds based on its direct interest in Niger Uranium. In addition, NWT's wholly owned subsidiary, Niketo Co. Ltd., also received 6,828,700 British pounds based on its interest in Niger Uranium.

NWT still retains its 35-per-cent direct and indirect interest in Niger, 7.31-per-cent interest in Azimut Exploration Inc. (1.8 million shares) and 3.47 per cent of NWM Mining Corp. (7.5 million shares).

[robson1974] 17/3/2010 08:49

no idea what you should do but IMO the overnight news from Oz suggests that EXT will do some sort of off-take deal/sell small equity stake to utiity which means a takeover and immediate monetisation of the stake is probably off the agenda?

[jonno1] 17/3/2010 08:47

what's the thinking here now, sell out here, or hold, cannot make up my mind, any arguments please?

[exel] 15/3/2010 18:27

all buys again today (not that you'd know it) 100k on here and 300k on plus. bsg - you did warn me! see you in a few years....ex

[exel] 08/3/2010 10:33

surprisingly, it still is: 1.52p for a 250k online buy (via BSL) yet 1.58p for a 300k an online buy (also BSL). It clearly pays to shop around at the deal size price breaks.

[exel] 05/3/2010 12:29

last time I looked it was possible to buy up to 250k online at just 1.52p (via BSL).

[bsg] 22/2/2010 09:11

exel, it will be !

[exel] 21/2/2010 17:46

managed to get in here last week (surprisingly at mid-spread pricing, so maybe there was a matched seller?) and am now sitting back for the long haul.

[rastapastamasta] 20/2/2010 08:54

By my calcs the first dividend from URU is equivalent to 6p (£ sterling) per NWT share. (Equivalent to 10c $Can). This is good news for a company that had stopped spending due to lack of cash.
rpm

[721richard] 17/2/2010 23:33

This is kind of sad. This could have been done months ago at a higher price. URU simply took the ball out of the hands of NWT by selling the KAH shares. Either way, both URU and NWT need cash. NWT will get more soon from the other half of KAH. They will need it for Vietnam.

Does anyone have a feel for what NWT is looking for in Vietnam? Is it gold and copper? Is it Uranium? Or anything they can get their hands on?

Thanks in advance guys.

[malagate] 16/2/2010 20:28

And the next exciting update on NWT/URU saga is:



The Board of the Company announces that it has today sold on an arms-length basis through the market, 14,000,000 shares in Kalahari at a price of 165p (the "Disposal"). The total consideration before costs amounts to £23,100,000 in cash (the "Cash Proceeds").



The Cash Proceeds, without any deduction of costs, are to be returned to shareholders as soon as possible by way of an interim dividend to be paid to shareholders. Based on an issued share capital of 113,210,056 Niger Ordinary Shares of nominal value of US $0.01 each (the "Ordinary Shares"), the interim dividend amounts to 20.4p in cash per Ordinary Share (the "Dividend"). In accordance with the Stock Exchange dividend procedure timetable, the record date is Friday 26 February 2010 (the "Record Date") and the ex-dividend date is Wednesday 24 February 2010. Payment will be made to shareholders within 10 business days of the Record Date..

Following the Disposal, the Company will continue to hold 13,680,000 Kalahari shares. The Board intends to propose that up to a further 12,296,000 Kalahari shares will be distributed to shareholders in specie by way of a second interim dividend (the "Further Disposal"). The Further Disposal can only be made with shareholder approval and will therefore be put to shareholders for their approval at the forthcoming Annual General Meeting (the "AGM"), notice of which will despatched in due course.

I think that's probably stymied NWT, but has given them a bit of cash to play with!

[secondsight] 16/2/2010 20:25

NWT Uranium receives approval to explore Quang Tri

2010-02-16 14:59 ET - News Release

Mr. John Lynch reports

NWT URANIUM CORP RECEIVES APPROVAL FOR EXPLORATION ON PROPERTY IN CENTRAL VIETNAM

NWT Uranium Corp. has been granted approval to conduct preliminary survey and exploration work on the highly prospective Quang Tri copper property in central Vietnam. The property is located along the historically proven Sepon structure, which extends from central Vietnam into Cambodia and Laos. With the gold and copper Laos Sepon nine only 60 kilometres away, the property is expected to have a large geochemical footprint. The Sepon mine was recently sold by Oz Minerals (formerly Oxiana Ltd.) to China Minmetals. After conducting due diligence in Vietnam, NWT management feels that exploration work is warranted.

The Quang Tri copper project in Quang Tri province is underlain by Devonian- to Carboniferous-aged sediments intruded by porphyry and other granitoids. Several extensive gold and gold-copper occurrences associated with the granitoid intrusives are known on the property, making this a prime target for Sepon-like gold-copper deposits. The producing Sepon mine in Laos has resources in excess of three million ounces gold and 1.8 million tons of copper metal.

[wantedman666] 28/1/2010 15:43

Jan 28, 2010 10:08 ET
NWT Uranium Corp.: Board Action

TORONTO, ONTARIO--(Marketwire - Jan. 28, 2010) - NWT Uranium Corp. (TSX VENTURE:NWT)(OTCBB:NWURF)(FRANKFURT:NMV) ("NWT") announces that subsequent to delivery of its requisition requiring the board of Niger Uranium Limited ("Niger") to convene a shareholders' meeting to vote on a composite resolution (i) for the removal of Niger's chairman David de Jongh Weill as a director and his replacement with Wayne Isaacs and (ii) the authorization of the Niger board to take the necessary steps to seek the distribution by Kalahari Minerals Plc (AIM) of not less than 90% of its shares in Extract Resources Limited (ASX/TSX/NSX), the board of directors of Niger has removed John Lynch and Raphael Danon (NWT's representatives on the board of directors of Niger) as directors of Niger.

NWT, John Lynch and Raphael Danon are reviewing their options as a result of this action by the board of Niger and a further announcement will be made in due course.

[uknighted] 27/1/2010 23:29

Following on from my post above, four 250K buys today and the share price stays the same!
Regards
UK

[wantedman666] 26/1/2010 18:10

Weill just announced this:



"....26 January 2010

("Niger Uranium" or the "Company")

Board Changes

The Company announces changes to the composition of the Board. Earlier today, the appointments as directors of the Company of John Lynch and Raphael Danon, were terminated by a duly convened meeting of the Board with immediate effect...."


I guess that could be expected given the fact that Dattels associates had the majority on URUs board.I expect NWT to change their proposal and add Lynchs and Danons reinstatement to the requisition.

What i dont like is the fact that right now Dattels is effectively controlling URUs board without having any shares at all of URU.

I dont think that this is in the best interest of URUs shareholders....

[zangdook] 24/1/2010 07:21

It may be stretching the definition of principle, but some shareholders may be inclined to vote against a motion whose proposer has shown indecision verging on incompetence in the recent past. As Robson says, the economic benefit of NWT's proposals is uncertain.

Why not go a step further and ask EXT to distribute shares of direct ownership of Rossing South? Perhaps that will occur to NWT after their URU EGM has been arranged, and they'll vote against again and make another new proposal.

[skyship] 23/1/2010 16:11

robson - shareholders don't vote upon points of principle - they vote for what is best for their wallets or their fund performance in the short-term.

Good to see NWT better again in Canada - 15.5/16.0c - and once again the rise was in improved volume.

[robson1974] 23/1/2010 10:08

well said zangdook

i think most people will vote against NWT now on a point of principle regardless of the dubious and uncertain economic benefits

[zangdook] 23/1/2010 04:44

The original distribution scheme was workable. The NWT idea IMHO is very unlikely to pass at KAH. NWT wasted a lot of time agreeing to the first distribution at URU board level and then blocking it at the meeting, and now as far as I can tell they're wasting more time. What will they do if they get their motions passed at URU but not at KAH? Go back to the original plan to distribute KAH shares?

If this plan is so much better, why didn't they suggest it at the original URU board meeting when they voted unanimously to propose the special dividend of KAH shares?

[wantedman666] 22/1/2010 22:27

@zangdook

maybe you think a minute about why NWT voted against the last proposal of Kah shares and now offer a much better choice for shareholders by distributing Ext shares!
Dont underestimate the tensions between different parties and waste a thought or two at what ddjws intentions are and if these would be beneficial to URU shareholders....

[zangdook] 21/1/2010 13:25

Given their record NWT will probably vote against the motions at the EGM.

[kiruna] 21/1/2010 09:05

Thanks Wantedman.