Hi, Paul.

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

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

No you've got that right, but there was a bit more to it. The
revaluation of what they've got in Vietnam was in order to put that into
the joint venture with Indochina and list in Canada. That won't happen
unless/until they've got the Investment Licence. The Vietnamese want
them to produce a down-stream processing facility before they'll grant
the Investment Licence. NTS thought they could convince them that it
wasn't in fact economic to do that, but the latest discussions appear to
have gone the other way. The revaluation won't be completed/made public
until the other things are in place.

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

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

You're taking a profit and I can't argue against that, when there's the
possibility that any of the stuff in my above paragraph won't come to
pass.

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

PE> I have a buy contract here, dated 16/7/96, for 20000 NTS {at} 0.09 = 1800 +
PE> 34000 {at} 0.096 = 3264, total of 54000 {at} 0.0938 = 5147.61 (bullshit),
PE> plus brokerage of 75.96 plus SD of 7.65, total = 5147.61 (bullshit). I am
PE> happy for the first thing to be a "typo", to give 5065.20,
but that makes
PE> the total 5148.81.  I don't know where to put the $1.20. Although I think

It's rounding. The average price for the 54000 is actually 0.0937777...
(0.0938 - 0.0937777...) * 54000 is... $1.20!

The total cost of 54000 shares is $5064.00
                        brokerage   $75.96
                       stamp duty    $7.65
                            TOTAL $5147.61

PE> it's really great you running a scam on my behalf, I need to know whether
PE> I'm ripping off the goverment (SD) or ripping off you (brokerage), or
PE> ripping of the ASX (raw cost).  I can't fill out my expenses properly
PE> otherwise.

Yes you can, all you need to know is the total - the cost of acquiring
the asset. AAMOI brokers sometimes trade at NIL brokerage, NIL stamp
duty, for reasons which I won't go into. At least, that's what appears
on the contract note. What really happens is that the broker actually
bought (say) the shares at slightly less than the price appearing on the
c/n, takes his brokerage out and pays the stamp duty. The c/n would
show, to use your example, 54,000 shares bought at 0.095326 = $5,147.60.
We'd absorb the other cent, being generous. :-)

PE> You can't change the total though, because I presume I already
PE> paid it, at the listed total.

The total is indeed correct.

PE> You might want to shoot whoever wrote the
PE> program that adds up 3 fields to produce a total.  I can provide C code to
PE> do that if required.  In fact, my super-duper program would have complained
PE> about that if I had gotten as far as entering the obviously incorrect data.

Ah, but your super-duper program had to add up *four* fields, and do
four multiplies. Perhaps C can't handle something that complex.

   20,000 * 0.09  = $1,800.00
   34,000 * 0.096 = $3,264.00
           Subtotal $5,064.00
    $5,064 * 1.5% =    $75.96
        51 * 0.15 =     $7.65 (15 cents per $100 or part thereof)
              TOTAL $5,147.61

In my own database I actually enter each *line* traded, if they were
done at a different price, and arbitrarily assign the total brok/stamp
to one of them.

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

PE> Ok, sounds like strip-er-down time.

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

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

I'll still look into it.

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

PE> Thanks.  BFN.  Paul.

On Monday.

Regards, fIM.

 * * Where can I get one of those computer bats!!
@EOT:

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