North River Share Discussion Threads

[chablard] 06/4/2016 18:04

Apologies then Soz (?), had no intentions of calling you Tweedle Dee. Lol

[1mack] 06/4/2016 17:03

haha love that! Only like is an accidental one

[carter1110] 06/4/2016 16:46

ChabI have to confess the last one was me, I wanted to try and see what he was about and what other things he had posted I hit the like button by mistake !!Soz

[yellowthroat] 06/4/2016 16:38

The 80percent gain was created by a real event. Either a sustained period of someone adding or an unwinding of some sort of short.

Either way this flurry seems to have calmed. One or two have come in and out on the headline making and the share price has steadied at above 0.10pence as we approach the 'real' phase of licence submission, presumed confirmation of acceptance and resource upgrade.

Real events eventually put a spanner in the works of any price manipulation or twaddle from those that do not know the company etc...

I was surprised by the move and once again see the effect of buying on this occasionally illiquid stock. I was wondering if some that are still sour on the company are still attempting to offload sections of their stock? Otherwise some of the up and down are the obvious trying to create false momentum and concerted efforts in the shorter term to effect some sort of alarm on the BB's.

Easy to counter as this stock is well known by the veterans and anyone new turning up have plenty to read to DYOR.

When I suggested the NR terms and the licence are not due till say early May I thought the extreme day traders might lose interest, clearly the share price hasn't slumped enough from its build to achieve any profits for optimistic shorters.

I think there are enough veterans now that can sniff action in the next three months after months of delay.

Low prices are a distant memory from now on.

April late - Our terms submission.

May-June - Acceptance in some form of the very overdue licence.

Late June - Potentially 1-2 years more mine life or at least the implication of this short of level of resource by then.

Half 2. FEED starts in earnest and we might get a surprise or two on funding.

I see oil is rallying again and a lot of commods weakness I remind was on manipulation of commodities as a whole around margin calling on oil.

ZINC has many benefits as a desirable commodity as we go forward into big firm closure of supply 2016-7.

ATB

YT

[chablard] 06/4/2016 15:56

Several buyers coming in at .13 which is more or less were we started this am. Buys and sell evenly matched today at 11 million a piece.

[chablard] 06/4/2016 15:30

Strange thing is that somebody ticks up Mr Clueless each time. Have we Tweedle Dum AND Tweedle Dee?

[ianpuddifoot] 06/4/2016 13:37

idiot profile created 01-04-2016

[rookieinvestor80] 06/4/2016 12:41

Down again

[1mack] 06/4/2016 08:00

Shame to see the recent new posters tainting what is an informative and well established network of posters.

That have real depth of knowledge rather than missing an investment chance and getting bitter.

We have no time for your like!

On a possitive note the last time we had a tick up for no reason we had the news regarding notice of license issue and one would hope more good news follows.

Gla

Mack

[chablard] 05/4/2016 23:11

Steve. Not worth the effort mate. You and I both know you get the usual nob heads getting out of their scratch pits with nothing better to do than post shyte across several boards on subjects they know nothing about. Sad reflection of our times that people with very little grey matter can dump their childish one liners while hiding behind the anonymity of the Web.
GL

[carter1110] 05/4/2016 19:45

RookieOn a serious note we have some very experienced PI's who have invested a lot of money and as Steve has said, this board has some great posts by the likes of YT, Chabs, Steve and so onPlease take your manipulating elsewhere if that what you are doing This I believe is a sound company with a good future

[steve239] 05/4/2016 16:52

Literally quaking in my boots.

[rookieinvestor80] 05/4/2016 16:49

Steve you may be crying into your cornflakes pal

[rookieinvestor80] 05/4/2016 16:48

Will be pretty messy tomorrow

[steve239] 05/4/2016 16:18

This used to be one of the most intelligent discussion boards but one or two morons are showing up now. Worst of all are those that type mindless negative comments and copy/paste them across various companies' boards, presumably hoping to get in at a lower price.

[rookieinvestor80] 05/4/2016 15:21

You still have time

[rookieinvestor80] 05/4/2016 15:07

Cash in now

[crunch123] 05/4/2016 14:04

Chablard, I'm still in & haven't sold any.
Suspect I'm in a very similar situation to you on this one.

[yellowthroat] 05/4/2016 13:32

Goodbloke.

The much long awaited licence has been expected from early last year and it was delayed under Namibian elections and bureaucracy whilst they decide on the potential socialist type agenda of imposing govt quotas on the profit percentages of any private businesses mining their resources.

We have been given an interim of numerous demands about local empowerment and fiscal benefits. The worst is that the authorities have potentially insisted on 20percent of the company in a NEEE which is potentially a 'free govt kitty fund'.

Hence the company has or will submit proposals pointing out the FDI implications and the potential unfairness of this new rule which has come after we had already spent millions on exploration and administration of the project.

We comply ironically much more than a lot of firms with the other wishes, which is strong Namib workforce participation and so on.

Local investment firms are welcome to take part on project funding Phase Two.

NRRP will submit docs by end April. Ultimately I am sure there will be an agreement of some sort after much haggling.

From there the licence grant should soon follow. The govt have said they will award it once agreement is in place. We have waited over 12 months for this.

In the meantime the drilling should get announced in late June and it appears as though initial readings are very good to add resource to the already ROR 50percent project in a scenario of ZINC at $2400. Unfortunately it is at $1800 but longer term seen more positive.

The mine life of 4 years or so could well be extended to five or six by end of year and beyond. ZINC in other areas of Namib is seen to go down to several hundred metres and is mined out gradually over time.

Regards

YT

[rookieinvestor80] 05/4/2016 13:04

Cash in now

[goodbloke1] 05/4/2016 12:58

What news exactly is expected ?Conditions for licence or the granting of licence itself ?

[chablard] 05/4/2016 12:55

That negative tick YT was probably from your friend over on SLE LOL.

Wonder how many long termers are still up go their necks here like me. I know several that post on iii appear to have cashed in.

Good to see your still here Steve. Makes me feel less of a numpty for staying in so long. Still, little bit wealthier after these past couple of days, which can't be bad.
GL

[rookieinvestor80] 05/4/2016 12:53

Yes Mnc and eua