NHM, MVL, AMS published a simultaneous sens at 08h00 this am.Online share trading still has not published this sens. All other sites have it. This is detrimental to guys solely relying and trusting SFM and this site for info and updates. What's up guys?
Go to http://www.northam.co.za/ You'll find the published sens there. Not quite sure what this means, i.e. positive or negative. NHM will issue 125 mil. new shares to Mvela Resources making them majority shareholders, but NHM will in turn own 100% of the Booysendal mine. Any ideas???
I see. Just that people not holding MVL would be none the wiser to the alert. I got my notification direct from NHM's Website as I had subscribed to their mail. But as someone once stated here on OST in another thread, NHM Sens Announcements have never been up to scratch. And the way the share trades it is quite evident that there are people who know about a week before the time about forthcoming announcements. Last week is a good example when it moved up 20% on no official announcement. NHM lost me R20K in the last two months as I got caught in a long position and decided to hold. School Fees due in my opinion.:P Now that SFM does not have Short Positions on NHM I doubt I will trade a derivative in this instrument again. Thanks Simon. Keep up the good work.
Northam Pt penalised on dilution fears INVESTORS sold Northam Platinum shares on short-term concerns its R6.25bn transaction with Mvelaphanda Resources (Mvela) unveiled today was heavily dilutionary and would cut the company's dividend yield. Source... http://www.miningmx.com/platinum/520028.htm