Neda shareholding in Premier
Premier Mining Securities has a new principal shareholder, Hokitika’s Neda Investments, one of whose executives is believed to include a Premier director, Mr Bruce Smith. He was chairman of Prodigal Gold before that company became Consolidated Hardwood Industries, at which point he relinquished his involvement. Mr Smith stepped in to lift
the ailing Premier company last year, after the parent, Charter Corporation, was put in receivership. Premier’s chairman, Mr Ron Jones, told the company’s annual meeting on Tuesday that Neda had provided unsecured subordinated loans so Premier could begin joint venture mining operations to provide essential cashflow.
The finance would also allow Premier to continue exploration programmes on its own licences.
Premier was also earning fees from management and consulting activities with other West Coast companies.
Premier expected a modest profit this financial year, Mr Jones said.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19891102.2.151.11
Bibliographic details
Press, 2 November 1989, Page 41
Word Count
141Neda shareholding in Premier Press, 2 November 1989, Page 41
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.