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NRRP North River

2.75
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
North River LSE:NRRP London Ordinary Share GB00BDDRJJ03 ORD 0.2P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.75 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.75 GBX

North River (NRRP) Latest News

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North River (NRRP) Discussions and Chat

North River Forums and Chat

Date Time Title Posts
08/1/202118:48Agm46
20/9/201917:20North River Resources Lead Silver and Zinc3,453
22/3/201910:02Construction3
11/6/201809:53Agm-
20/10/201713:52Berg Aukas pre feaso as a comparison19

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Posted at 08/1/2021 16:55 by oliversydney
Just received the administrators report and as anticipated the American investors have the asset for a knockdown price
With all creditors and shareholders receiving nothing
A very wide businessman i knew told me never get involved in a business with American investors as you will be left to dry
Should never have come to this
Posted at 17/2/2020 12:31 by ih_679027
Not the announcement i was waiting for but half expected bad news as no updates on website since September and zinc price very low
The charge looks like with the American investor as registered in Luxembourg. Always concerned when American institutions exert influence from past experience but obviously short of funds and better than issuing shares and diluting
Posted at 11/11/2019 21:52 by carter1110
Thanks for your comments Oliver, what are your thoughts on holding on to shares through a broker ? Is it best to just get the broker to issue a certificate and not pay fees? What do you think the long term will be real getting any money and how do you think it will take place
Fully understand that you are not a financial advisor however I’ve had this share for a few years and just want a steer in what could happen and how it could take place kind regards
Posted at 26/10/2019 09:49 by rosievdb
AGM James Beams and Ken Sangster.
Few brief points: Downside first
Present production only at 50% basically due to challenges at mine ie, .having to mine at deeper depths and it takes time to get to that point but full production is presently expected 9 months from now. Zinc price down 40% from recent highs but hopeful just part of the circle and will rise again. Dag Kullmann who was in charge at the construction phase of mine was good at getting the mine going but not so successful at training the local employees who needed full training and supervision. Amongst other things brand new equipment purchased only 18 months ago already having to be replaced due to complete lack of maintenance and knowledge how to use. Likewise with pump equipment etc etc. However new person in charge Martin Tjlpita and apparently this situation wont arise again! New equipment on order.
Reasons for lack of website information... no real reason but we should be notified through Asset Match of a new and updated website.
Upsides: sales of zinc made. These sales are paid for 90% before leaving site, remaining 10% paid when re analysed (normally Rotterdam) silver also being sold and at good price.
The general consensus is that companies such as Greencore & Castlelake do not have long term plans to remain in these investments. ( venture companies like these generally do not view the investments to be more than 10 years) but do very much intend to get at least their investment back and hopefully more. Re listing is unlikely at this point. Nothing in the pipeline but there is always the possibility of a an offer/buyout. Also it was pointed out that Castlelake who were the last investors paid 10 times what is being listed on the Asset Match auctions. There are no plans to stop the Asset Match facility but it is recognised that it hasn’t really had the positive effect envisaged. James Beams who is also a private investor like all of us basically said just hold on.
Another interesting point which came up... the licence just suddenly appeared without any further information having to be supplied. Someone from North River met a local government representative (MP?) for Erongo Region at some do and said how horrified NR were that the Namibian government had allowed this project to fail by not granting the licence and that the company had now been de listed and a lot of money lost and no jobs provided etc etc. The MP was also horrified, went straight to the relevant Minister, was told that basically it was an over sight and that it would be done immediately...................... Too late to have given any of us a chance for an early exit and possible return of capital but although I am probably being optimistic I did come away feeling there is some hope within the next 5 years!
Posted at 21/10/2019 20:49 by crunch123
Would be really grateful if someone who goes to the AGM could give an update on the vibes etc.

Have to say am v unimpressed by the lack of updates - they haven’t even bothered to put the annual report on the NRRP website.
Posted at 21/8/2019 21:06 by crunch123
Oliversydney, in the prolonged absence of any updates from NRRP/Namib & regulatory filings, are you able to give us any further insight on what’s happening?

I’d imagined - maybe wrongly - that once production was up & running (is it?) that the majority investors would be seeking an ‘exit’
Posted at 22/7/2019 06:22 by crunch123
According to the Companies House website the accounts of NRRP are overdue and should have been filed by 30 June.

It did file it’s confirmation statement last week.

Certainly doesn’t seem overly bothered about keeping its shareholders up to date - no updates for over 5 months despite (possibly) having moved into the production stage.
Posted at 28/5/2019 21:25 by crunch123
As NRRP don’t seem to bothered about keeping us informed of what’s happening, I had a quick look around and found the text of a speech on 7 May delivered by the president of the Namibian chamber of mines, which included:

“The re-opening of the naming lead and zinc mine, at an investment of US$21.4m, made significant progress in 2018, with first production expected in the second quarter of 2019. Upon completion the mine will create 150 new jobs in the mining industry.”

The 2017 nrrp annual report - the latest available on its website - suggested that first production would be in Q1 2019.

Also in the chamber’s speech was a piece about a proposed change to income tax, which he said would lead to “non-deductibility of royalties in assessing income tax for non-diamond mining companies”
Probably not good news - anyone understand the consequences?

2017 NRRP annual report seems to have been released in early May 2018, so maybe we can expect 2018’s report soon?
Posted at 13/2/2017 09:15 by crunch123
When Martin French left back in January 2014 the NRRP share price (adjusted for the July 2016 1/250 share consolidation) at the close of that day was £1.25
It's now 9 pence.

I'm obviously aware that the company is an innocent victim of timing and Namibian politics . . . but . . . it was clearly stated in the March 2015 conference call that they were working on a new investor relations strategy. There has been one RNS in the last 4.5 months and their commitment to hold quarterly shareholder conference calls has proved risible. Can't say that impressed with their investor relations strategy.

Under Martin's leadership shareholders also had the advantage of being kept well informed about what was happening.

Probably a forlorn hope but could we have Martin back please?
Posted at 22/7/2016 15:10 by steve239
You have to laugh at the (copyrighted) article, dated July 19, 2016 on consumereagle.com, in which the author seems blissfully unaware of the recent share consolidation.

He states that the NRRP share price has reached an all-time high, that trading stocks at all-time highs is often a winning strategy, and that the company’s market cap is now 429.37 million GBP.

If only...
North River share price data is direct from the London Stock Exchange

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