North River Share Discussion Threads

[carter1110] 25/1/2016 19:48

Rampair Thanks for taking the time out to contact the company

[rampair] 25/1/2016 18:16

YT your comments are always worthwhile - sort of exhausted my comment ability after many years!
I think we have been poorly served by so many after MF.
I think that Greenstone did not play this very well either. It almost appeared they were fighting against
existing holders - us PI's couldn't predict that. Neither could we predict a nigh on 2 year wait from Namibia
- it just seems so counter productive.

Moving forward with the price of lead higher than zinc perhaps we should revert to Namib Lead Zinc Indium
Silver mine?
I don't think we can make money at today's prices - because the return is not enough to service Debt.
Ok,
We need another project or, we need a lot more ore - having high paid ex pats & MD doesn't cut it.

Twice I got in touch with our Chair, first he was overseas, second " on holiday" I'm still waiting for the reply
- I felt I'd done enough chasing - if any of the board read this, JB or other should get him to speak to
us.
No need for special treatment just a straightforward understanding of his position.

When this sort of stuff happens, one cannot help to draw conclusions that we have a compliant board &
dominant shareholder. How much promotion and attraction has been done to not have to rely on GStone
at the next funding round?" I would imagine Greenstone are wishing they were not the lender of last resort
too!

There are other companies out there - PI's in NRR we hope to see some of you on other boards. In the meantime maybe we also hope the fortunes of this company turn around too.

Rampair.

[1mack] 24/1/2016 18:18

hxxp://www.chamberofmines.org.na/

I hope we have our license before the mining expo in April.

You would think they would want some progress to talk about... i.e. giving out a few licenses, making some money for the economy and oh! creating hundreds of dam jobs for the local lads.

Gla

[1mack] 22/1/2016 23:23

I have also invested in Brent Oil ETF BRNT...

Looking for 10 year investment. Some may say brent will drop to 20. However it will one day get back to 50 or more ha.

Definately the market is oversold over china

[yellowthroat] 22/1/2016 23:01

Several sources talking about China overdone in the investment media incl China analyst at HSBC well respected. Funny how the mood changes after a week or two of doom ! Property actually picked up mildly as did car demand. No specific doom on currency devaluation or yuan leaving the country either !Certainly plenty of excuses keeping Zinc above 1500USD.YT

[1mack] 22/1/2016 22:09

Yes YT. Few more years wont hurt us all. Cant get much worse.

Onwards and upwards.

Ive transfered my shares into my SIPP. A least you make an easy couple of quid on the tax benefit.

We have all been through it.

However some aim stocks will come back. Were better set up for success than most and i like zinc. Always have... Better than some of the other metals

GLA

[carter1110] 22/1/2016 21:08

Hi YT Yes I and a few others still hold and wait for that 1p, still think we can achieve at least 2-3pStill willing to wait a couple of years Hope you are well

[petersmith6] 22/1/2016 19:44

I hold... might get a few more.. don't expect to multi bag but any profit it good profit.

[yellowthroat] 22/1/2016 19:12

Anyone else still in the stock ? ;)YT

[yellowthroat] 22/1/2016 17:41

Latest trades imply MMs marking up buys as we went into the close.YT

[yellowthroat] 22/1/2016 17:25

Oops the RNS actually says he has finished selling so their are plenty of people out now that should mean all those in are holding and buying ?We will see...YT

[yellowthroat] 22/1/2016 16:54

Does mean that a continuous seller may be finishing soon and we could see buyers outnumbering sellers ?

That depends massively on licence, working capital and so on. Macro seems to be improving a tad after the last couple of weeks and ZINC is holding last time I looked .

Mario to the rescue again ? For how long mind ? Print money forever ?????

NB : ZINC $1502.60

YT

[petersmith6] 22/1/2016 16:21

Dumping done... time to drift up...

[petersmith6] 20/1/2016 11:30

Wake me up if something happens

[carter1110] 15/1/2016 19:38

What are your thoughts now Chab

[chablard] 15/1/2016 17:01

Yes thanks for that Carter

[1mack] 13/1/2016 09:26

Its amazing what a bit of promotion does for a share. Have they finally realised!

Amazed to see all the new investors on LSE

[yellowthroat] 12/1/2016 20:19

No worries, just an opinion as always. Perhaps a slightly educated guess !RegardsYT

[carter1110] 12/1/2016 19:47

Thanks YT appreciate your comments mate

[yellowthroat] 12/1/2016 19:12

Or perhaps as Buffett would put it, if we are swimming fully clothed rather than naked towards the end of 2016, then we will be potentially wearing 'designer outfits' by the end of 2017. Either that or the board and GS will be... we will just be smarting !!!

Comes down to the job that James Beams said he was going to do, to represent all and to respect this and all shareholders.

The new chairman certainly comes in with his own confidence and experience.

Lets hope that licence comes soon and we get another 70-130percent Blue Day !

YT

[yellowthroat] 12/1/2016 19:06

Carter,

The chap made lots of positive noises but I suppose that is inevitable but it is still good that noise is out there about the opportunity, every-time you can get it.

The significant bits there were a few I guess. The chap has extensive knowledge of Ferrous metals and has gauged as an Economist strong demand up to 2050. ZINC is seen under this umbrella due to its Steel carbonising and galvanised nature in the process.

Talked about 2-3bn people wanting the living standards we have, this is one of the main gripes about Climate policy as we seem to want to 'hold back' the likes of Africa so they do not industrialise as quickly on fossil fuels and cheap established tech.

In any case you have India and Africa as two main sources of future demand on a scale up their with China.

He directly thinks H2 will start to look a lot better for metals on the basis that a lot of companies are NET negative cash and this is an excellent indicator of cycle bottom. Obviously from here you get busts and lack of commissioning of new plants.

You would think it was obvious but in the recession around 2009 the likes of REITS and housebuilders were on their backs, many were slating them, but many commented on the supply hassle for comm property and now the sector fully recovered all these companies are sitting on land worth a hell of a lot but it took the brave to buy at the bottom.

He seems to have the city view that funds wait until the sector is going up or near the top before they commit monies into it which is obviously nuts !

Finally specifics on North were as you suspect, a summary on the current, not too sure about his 'this year' take for the licence award and he quickly clarified it to early year.

Funding wise as above it is challenging but they appear to assume that they will/should develop. It is just the terms we worry about at the moment.

The macro obviously comes down to how much China impacts on world growth as I said earlier. Shorter term I think it will be bad but longer term outlooks are good for the metal in particular.

Overall it is about surviving as an independent company with not too many shares in circulation this year. If we do then it will be great, if the bloke has come in to let Greenstone get 90percent at 0.2pence then this will be Merd !

Regards

YT

[carter1110] 12/1/2016 18:52

Or your thoughts 1mack and chablard

[1mack] 12/1/2016 18:04

so there is something substantial. very good