FM> NTS will not apply for the investment licence for at least 5 months.
FM> They are revisiting the question of building downstream processing
FM> facilities (which the Vietnamese want) and are seeking to do so in
FM> partnership with a South African company. So, no action on that front
FM> for some time.

I'm not sure if I've mangled the story along the way, but weren't we
waiting for something-or-other to be valuated for what it was really worth,
and that real valuation was worth a lot more than it was previously valued
at?

FM> Meanwhile, back at the ranch, the 3 rivers drilling results look pretty
FM> good and they've got some other promising stuff in WA. They recently
FM> made a placement of shares equivalent 10% of the issued capital to
FM> Plutonic Resources (PLU), and a story going around is that PLU may have
FM> bought another x% (x<=6) on market. We deduce from this that PLU may
FM> well make a takeover bid for NTS, and for various reasons this could
FM> be most likely around the end of January. If so, the premium they will
FM> pay for control should see the shares close to 20 cents.

Ok, I think I'll start de-exposing myself now then.

[enormous amount of time elapses whilst trying decide what to hock]

I have a buy contract here, dated 16/7/96, for 20000 NTS {at} 0.09 = 1800 +
34000 {at} 0.096 = 3264, total of 54000 {at} 0.0938 = 5147.61 (bullshit),
plus brokerage of 75.96 plus SD of 7.65, total = 5147.61 (bullshit). I am
happy for the first thing to be a "typo", to give 5065.20, but
that makes the total 5148.81.  I don't know where to put the $1.20.
Although I think it's really great you running a scam on my behalf, I need
to know whether I'm ripping off the goverment (SD) or ripping off you
(brokerage), or ripping of the ASX (raw cost).  I can't fill out my
expenses properly otherwise.  You can't change the total though, because I
presume I already paid it, at the listed total.  You might want to shoot
whoever wrote the program that adds up 3 fields to produce a total.  I can
provide C code to do that if required.  In fact, my super-duper program
would have complained about that if I had gotten as far as entering the
obviously incorrect data.

FM> The NTS geologist is doing a "road show" at the moment - I
had him in to
FM> Camerons this morning and he was at SHAW this afternoon. About 10
FM> brokers in Melbourne next week. That should stimulate some interest in
FM> the stock and you may get your sell price. Otherwise, I don't expect
FM> anything significant until January.

Ok, sounds like strip-er-down time.

FM> I haven't had time to look into the 400 PDP.

I thought I'd lost them, but I've found them again.  I presume it was just
BT playing silly buggers, but it might have been some bonus issue I didn't
know about.  Or it might be an accident.

FM> What you should have got for opening an account was a booklet in a large
FM> Cameron's envelope. It has the forms in the back. I'll send you another
FM> one.

Thanks.  BFN.  Paul.
@EOT:

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