Thanks for your particularly helpful reply. :banghead:
I take it all juniors fell 29% yesterday? My internet feed here in Mars is a bit iffy with all the solar flare activity recently.
So getting back to my question - does anyone know of any RRL specific information that would explain its...
Re: SBM - St. Barbara Mines
Anyone able to shed light on a row in Table 5: Cash operating Costs (page 4) in the June Quarterly Report?
The one i don't understand is the 'Cost of Sales Adjustments' for 153? It brings the cash costs down from $799 to $646
Cheers
Re: SBM - St. Barbara Mines
Yep they're raising a fair whack of money - $100+ million from memory.
I never like to see my shareholding being diluted but i can sort of see the position they're in - need money but no one willing to lend it.
Here's hoping that they don't need to issue more...
Glad to hear my dark suspicions that Norm was loaning his shares out proved to be wrong in light of the facts :eek:
Now hoping my top up @ 0.30 of a week ago is close to the low.
When its written that $15mm of stock goes missing what does that really mean?
I thought all the holdings are kept on a computerized register, the holder is either sponsored by the company itself (SRN) or sponsored by the broker (HIN).
Its not like you can get a paper certificate and hide it...
Good find Kennas
I can only hope that the $15mm worth of stock contained no King shares or i'd have to contemplate that Norm isn't working in the best interests of the company.
It will be real interesting to hear what stocks make up the $15mm :confused:
I hope you're right yonnie.
But Jim Sinclair (www.jsminesite.com) who is someone i highly respect and have been reading for years makes the salient point that if a number of brokers go down the drain a the same time there is little likelihood of a cash payout - the collapse would be just too...
CGT Tax relief
From what i've seen in previous situations a CGT tax event does not neccessarily happen in a takeover.
It'll be discussed in the detail of the offer documentation.
When Paladin took out Summit there was no taxable event until you actually 'sold' your shares.
Cheers
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