North Queensland Metals (NQM) will go ex dividend on 25/3/2010. The current dividend payment is 0.5 cents and it is 0% franked. The record date is 31/3/2010 and the dividend will be paid on 15/4/2010. Based on the full year payment the dividend yield is 5.4%.
*Current Yield: 2.1% Franking: 0% DRP Discount: 5%
*Yield has been calculated on the closing price on the 5/3/2010. Current yield is based on the current dividend payment only.
Tags: Dividend, Ex Dividend, North Queensland Metals, NQM
Posted in Upcoming Dividends | No Comments
North Queensland (NQM) will go ex dividend on 24/9/2009. The current dividend payment is 0.80 cents and it is 0% franked. The record date is 30/9/2009 and the dividend will be paid on 15/10/2009. Based on the full year payment the dividend yield is 6.2%.
*Current Yield: 2.8% Franking: 0% DRP Discount: 5%
*Yield has been calculated on the closing price on the 11/9/2009. Current yield is based on the current dividend payment only.
Tags: Dividend, Ex Dividend, North Queensland Metals, NQM
Posted in Upcoming Dividends | No Comments
North Queensland Metals (NQM) announced on the 12/8/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is the 20/8/2009 on which shareholders must own the share to participate in the SPP. The closing date is 8/9/2009. Shares will be issued soon after. A maximum of $15,000 can be purchased by each shareholder at $0.205.
Discount : 6.8% Liquidity : Poor Profitability : Ok Stability : Poor
* Note: Discount is based on the closing price on the 13 August 2009.
Tags: North Queensland Metals, NQM, Share Purchase Plan, SPP
Posted in Share Purchase Plan (SPP) | No Comments
North Queensland Metals (NQM) announced on the 12/8/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is the 20/8/2009 on which shareholders must own the share to participate in the SPP. The closing date is 8/9/2009. Shares will be issued soon after. A maximum of $15,000 can be purchased by each shareholder at $0.205.
Discount : 6.8% Liquidity : Poor Profitability : Ok Stability : Poor
* Note: Discount is based on the closing price on the 13 August 2009.
For More Share Purchase Plans go to http://blog.mdsfinancial.com.au/category/share-purchase-plans/
To Buy Shares And Participate in Share Purchase Plans use Trader Dealer http://www.traderdealer.com.au/
Tags: North Queensland Metals, Share Purchase Plan, SPP
Posted in Share Purchase Plan (SPP) | No Comments
North Queensland Metals (NQM) is pleased to announce that the Pajingo Joint Venture has agreed to acquire the Twin Hills gold operations from Gold One International for the sum of A$1,750,000. Twin Hills is located 190km by road south of the Pajingo operations. The consideration for the acquisition (100%) is to be made in a number of tranches – Signing Fee $200,000; Tranche1 $300,000; Tranche2 $500,000; Tranche 3 $750,000. The completion date is contingent upon primarily the assignment of the tenements.
North Queensland Metals is an Australian based and listed company with a focus on activities in north Queensland. It has a 60% interest, and is the manager of the Pajingo Gold Mine access. NQM aims to develop a second gold mine through an option over the Dotswood Project. The joint venture partners will embark on a feasibility study based on trucking ore to Pajingo for treatment. This may include additional drilling to expand its gold interests on its and subsequent modelling to suit a revised mine plan as a satellite mine. Trials in June have confirmed that the Pajingo mill could process up to 500,000tpa on a single mill, thus allowing approximately 200,000tpa. In addition to its gold operation, North Queensland Metals has a strategy of developing several mines in the Herberton area, west of Cairns, feeding ore to a central milling facility. The mineral field includes hundreds of historic tin and base metal mines with rich credit metals such as silver and indium.
Tags: Gold Mining, New acquisition, North Queensland Metals, NQM
Posted in ASX Company News | 2 Comments
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