NMG - New Murchison Gold

[Garpal Gumnut]

In a trading halt for 2 days.

Perhaps Westgold looking at a takeover.

https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02926097-7293QK647CPVD6Q6AMLK19EQH4/pdf?access_token=00074z2LhicHVKskWhvK8z6fxss1

gg

 

[Garpal Gumnut]

In a trading halt for 2 days.

Perhaps Westgold looking at a takeover.

https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02926097-7293QK647CPVD6Q6AMLK19EQH4/pdf?access_token=00074z2LhicHVKskWhvK8z6fxss1

gg

I didn't read the second page. LOL. It's a capital raise.

I'll be in.


The Company provides the following reasons for the trading halt:


(1) The Company is seeking a trading halt pending an announcement by the Company in respect
to a capital raising;


(2) The Company anticipates that the trading halt to remain in place until the earlier of the Company releasing
an announcement concerning the details of the capital raising or the commencement of normal trading
on Thursday 20 March 2025;
(3) The Company anticipates releasing the announcement prior to the commencement of normal trading on
Thursday 20 March 2025; and


(4) The Company is not aware of any reason why the trading halt should not be granted, or of any other
information available at this stage that is relevant to the trading halt.


gg

 

[Bailxtrader]

What's this grap! Putting my money on NMG. I mean there finding the stuff but are there books in order. There got a P/B ratio of 10.0
235% Shareholder Return Annually. Book Value of 90.0%, Just stepping up to the plate you might say. I expect more from it. With a high of 0.022c. It should be chasing?

 

[Garpal Gumnut]

An announcement coming through by next Tuesday.

In a trading halt.

gg

 

[Bailxtrader]

It needs some good news because at the moment it's a stale bottle of piss!

 

[Bailxtrader]

Good news on the front, Trading hold before ANN comes around and rocks the party!

 

[Bailxtrader]

Good news on the front, Trading hold before ANN comes around and rocks the party!

And what an Announcement it is. "Suspension from Quotation" defiantly something wrong with the Books?

 

[Garpal Gumnut]

There is much talk on another stock site of stock manipulation of NMG which on a superficial reading of the evidence presented seems not unreasonable. Single shares have been sold down at end of day dropping the price by some percentage points, giving the appearance of selling or weakness. The implication from the posters is that a major holder is attempting to keep the price down for their own advantage.

I believe some posters have notified the ASX of their concerns, which is a bit like trying to awaken an anaesthetised elephant, but good luck to them at least in having the cojones to report their concerns.

gg

 

[Garpal Gumnut]

NMG has commenced open cut mining at it's Crown Prince prospect in the Murchison field. You amy may remember Amy this is the area that showed multiple visible gold on drillings some months ago. This is an important milestone as it will be the first time that, within a few months, NMG will be earning from Gold mining at CP and processing at Westgold's plant not a long way south of the site.

There are high expectations with more gold on drillings under the envisaged open cut once finished and there are two other prospective areas close by.

Exciting times.

gg

 

[Antirnator]

HIGHLIGHTS

The known extent of South-Eastern Zone (SEZ) mineralisation continues to expand at depth with further

drill results received and incorporated into the mineralisation model for Crown Prince.

Significant intersections include:

• 3m at 43.10g/t Au from 239.65m, including 1m @ 69.4g/t Au from 245m in NGGRCDD1034.

• 36.3m @ 2.22g/t Au from 367.5m in NGGRCDD980

Open pit mining is progressing well with ore deliveries to Westgold Resources Limited’s Bluebird Gold

Processing Plant (“BBGO”) on track for commencement in September.

Near mine drilling is also being undertaken, with satellite deposits near Crown Prince Operations being

investigated as potential future development options.


Smarter people than me will know what these numbers mean.

 

[Antirnator]

 

[Garpal Gumnut]

I was fortunate to get in to NMG at quite an early stage and is rocking, open cut now occurring at it's Crown Prince asset with much more gold deeper and talk of adjacent prospects and underground mining down the track.

A cahrt, a chart also.

gg