NTL - New Talisman Mine - New board & Directors

[jonu]

Quarterly due in 2 weeks. Things we need to see in no particular order.

1. Deal in place with mining contractor/partner
2. Plan in place to cross the difficult void.
3. Update on preparation of R/C for full mining.
4. Delivery of Peer Review confirming JORC

[Yoda]

Quarterly due in 2 weeks. Things we need to see in no particular order.

1. Deal in place with mining contractor/partner
2. Plan in place to cross the difficult void.
3. Update on preparation of R/C for full mining.
4. Delivery of Peer Review confirming JORC
I bet 0/4 on that .... but would be nice .

[jonu]

I bet 0/4 on that .... but would be nice .

If not 2/4 I will be giving Matt a serious tune up.

[haewai]

Revenue from processing, or at least a significant stockpile of concentrate
Plan for processing plant purchase agreed, like sources and pieces and prices

[jonu]

Revenue from processing, or at least a significant stockpile of concentrate
Plan for processing plant purchase agreed, like sources and pieces and prices

I don't see the point of building too much of a stockpile yet, unless they have an immediate buyer. Otherwise it's just chewing up cash. Better to get the other ducks lined up.

[haewai]

I'd rather the plant was put to use. I'm sure a focus is on the phase 2 testing if various outputs, but this was in a quarterly just before the capital raise, and I want see if they do what they say they will:

It is expected that the test phase will be completed by September 2019 and the output will provide data which will be sufficient to support requirements for a long-term facility while high grade batches of ore are processed through the pilot plant.

[ziggy415]

360 ounces of gold per month, 8 months from start of pilot plant from end of July.......should be March.... approx.$ 4 million dollars per year for 2 years...should stave off another cash raise

[Bluemanarc]

360 ounces of gold per month, 8 months from start of pilot plant from end of July.......should be March.... approx.$ 4 million dollars per year for 2 years...should stave off another cash raise

Where does this come from, Matt Hill at the AGM said the pilot plant was not going to be producing any gold.
I think that is an old release you are quoting before the capital raising.
Pilot plant is solely to do design work for the real thing, apparently, after they got the CR funds.

Someone tell me I have this wrong.

[haewai]

Where does this come from, Matt Hill at the AGM said the pilot plant was not going to be producing any gold.
I think that is an old release you are quoting before the capital raising.
Pilot plant is solely to do design work for the real thing, apparently, after they got the CR funds.

Someone tell me I have this wrong.

From the offer doc: As recently announced the company has received an initialproposal on the setting up of a third-party processing facility for which advanced discussions continue. Itis possible that, as an interim measure, the pilot plant will be upgraded to a more commercial level toachieve cash flow while the larger capacity is developed.

and

Cashflows from operations are expected to reach a steady consistent state at full plant productionvolumes 6 to 8 months from commencement. While the higher volume processing capacity is developedsmall batches of high-grade ore will be processed through the pilot plant to drive contributory cashflows.

then

The operational project plan requires a $1.5M investment over 24 months and has the potentialto generate over 8000 ounces during the period. This poses a substantial economic returnparticularly with an average gold price of 1800 used for the project plan while the market priceof gold reaches new highs above 2000 NZD/ounce.

[ziggy415]

Where does this come from, Matt Hill at the AGM said the pilot plant was not going to be producing any gold.
I think that is an old release you are quoting before the capital raising.
Pilot plant is solely to do design work for the real thing, apparently, after they got the CR funds.

Someone tell me I have this wrong.

2019 annual report page 3

[Bluemanarc]

You guys just confirmed what I said.

In the annual reports and before the the capital raising NTL said they needed more money from the shareholder to have the pilot plant producing gold.
I agree 100% with you, that that was in the documents.

Then when they had the last AGM, which I went to.
Matt Hill was adamant that if people were expecting gold produced from the pilot plant then that was not what it was for.
It was purely for testing and recover options, for the design of the large actual plant.

They would use that data to get the plant designed correctly, then they would send off that information to get a design and quote for the plant.
Then they would get it made and sent over, then it would come over, they would install it.
After they got consent approvals.

All that is going to take a hell of a lot of time.

The backtrack on the pilot plant making gold was very clear in my mind.

Jono was there, is that correct from what you saw ?

[Ace]

You guys just confirmed what I said.

In the annual reports and before the the capital raising NTL said they needed more money from the shareholder to have the pilot plant producing gold.
I agree 100% with you, that that was in the documents.

Then when they had the last AGM, which I went to.
Matt Hill was adamant that if people were expecting gold produced from the pilot plant then that was not what it was for.
It was purely for testing and recover options, for the design of the large actual plant.

They would use that data to get the plant designed correctly, then they would send off that information to get a design and quote for the plant.
Then they would get it made and sent over, then it would come over, they would install it.
After they got consent approvals.

All that is going to take a hell of a lot of time.

The backtrack on the pilot plant making gold was very clear in my mind.

Jono was there, is that correct from what you saw ?

Nothing new. I still have old share offer documents from years ago and each time they imply or allude to gold production being on the horizon, shifting from explorer to producer and cash flow achievable after the raise. Right after a “successful” milking, oh sorry I mean capital raising, they disappear and we end up needing more money to get that cash going.

Don’t believe me? Check the past offer documents yourself. In some cases it is not explicitly said, although with wordsmithing they sure make it seem so.

What did you expect this time around? They had double the amount of cash raised and won’t even hit half their goals. Happy to be proven wrong.

[Bluemanarc]

I think the share price is fair value at the price it has dropped too, as the asset itself is now worth around that much, in my humble opinion.

If they actually start making some gold, some income, no matter how small, then I see it jumping to 12 to 14.

If they start actually doing well, then its 30 to 55 isn't it, maybe more.

But if Matt Hill goes and they get someone better in to run it, then SP should also rocket.

A monkey with an organ grinder could have eeeked out more gold than this man.

I would love to be proven wrong, I think this potentially could be a beautiful little boutique green mining operation, with 100% utilisation of the treated rock.

[steveb]

I think the share price is fair value at the price it has dropped too, as the asset itself is now worth around that much, in my humble opinion.

If they actually start making some gold, some income, no matter how small, then I see it jumping to 12 to 14.

If they start actually doing well, then its 30 to 55 isn't it, maybe more.

But if Matt Hill goes and they get someone better in to run it, then SP should also rocket.

A monkey with an organ grinder could have eeeked out more gold than this man.

I would love to be proven wrong, I think this potentially could be a beautiful little boutique green mining operation, with 100% utilisation of the treated rock.\
Agree Matt Hill has gone as far as he can go,they now need someone with some business savvy to actually run the place like a business and generate some revenue.
I have said it before we need a business plan,and we need to see that plan stuck to.We seem to lurch from one quarterly report to another with no urgency given to revenue.

[Ltw]

\
Agree Matt Hill has gone as far as he can go,they now need someone with some business savvy to actually run the place like a business and generate some revenue.
I have said it before we need a business plan,and we need to see that plan stuck to.We seem to lurch from one quarterly report to another with no urgency given to revenue.

Isnt that what they are working on?


During the period after analysis of the commercial data available following


phase 1 , Terra Firma Limited expanded the original proposal to include a


number of commercial options including both contract mining and processing.


These are being further advanced as the data from the pilot plant has


provided the finer details upon which to base any commercial terms.


Annual Review Meeting

Dose this not mean Terra Firma are keen to run the mine and processing??
I believe once they start producing Ore selling it will be very easy as I'm sure processing plants around the place have capacity for the extra.

One thing I noted from the last report was this:



In September 2019 the company completed its annual review meeting with NZPAM.


At that meeting the agreed work programme for the previous 12 months had been


completed. Stakeholders who attended the meeting were most supportive of the


progress made and compliance with the permit conditions confirmed.



I am not up to speed with NZPAM regs for mining etc. but the "Agreed work program" caught my attention and compliance with permit conditions.
Are these potential hold ups? What is the agreed work program for the current 12 months.
Is it this:


Looking Ahead


? Peer review of Talisman resource expected to be completed by year end.


? Completion of the costings and timings for lodgement of full mine consent


aligned with the 15 years remaining on the permit is expected by end April.


? The detailed planning and design work for the decline development into the


Dubbo area is progressing well and will be completed over the next quarter


? Completion of larger scale plant design following completion of phase 2


pilot plant testwork.

[Lion]

If they actually start making some gold, some income, no matter how small, then I see it jumping to 12 to 14.

If they start actually doing well, then its 30 to 55 isn't it, maybe more.



Do you mean 10ths of a cent here Bluey, or cents? Or maybe dollars??!

[Bluemanarc]

From the offer doc: As recently announced the company has received an initialproposal on the setting up of a third-party processing facility for which advanced discussions continue. Itis possible that, as an interim measure, the pilot plant will be upgraded to a more commercial level toachieve cash flow while the larger capacity is developed.

and

Cashflows from operations are expected to reach a steady consistent state at full plant productionvolumes 6 to 8 months from commencement. While the higher volume processing capacity is developedsmall batches of high-grade ore will be processed through the pilot plant to drive contributory cashflows.

then

The operational project plan requires a $1.5M investment over 24 months and has the potentialto generate over 8000 ounces during the period. This poses a substantial economic returnparticularly with an average gold price of 1800 used for the project plan while the market priceof gold reaches new highs above 2000 NZD/ounce.

Sorry I should have given this comment some more respect.
As I had missed the part about the pilot plant needing to be upgraded to achieve this gold output and cash flow.
I have had a good look through, and now I see what the pilot plant plan was.

Fair enough, my apologies.
If they do that, then that should work well, considering their is high gold concentrate rock to be milled and processed.
Some gold coming through, even small amounts, at todays prices, would be greatly appreciated by the sharholders.

[Bluemanarc]

Do you mean 10ths of a cent here Bluey, or cents? Or maybe dollars??!

Putting it in context, I am saying the current price is 8.

Its too much hard work to keep putting in all the zero's.

Not many shares around today where you can hope the price get to 1c :)

[Ltw]

SP wants to hold at .8 hopefully we get some positive news and it continues.

[swissboy]

Yes, most sales, small though they be, are going through at .8 difficult to make sense with these sharesees

[Ltw]

yea i find the shareses a bit of a pain but hey it give the little guy a go who don't want to spend a fortune.
would be nice if share holders would hold off on selling at .7 .8 etc. and let sharesees see if it would then bring the price up. IMHO i think it would.
gold is a hot topic and if there wasn't much ahead they would just continue to buy up.

[jonu]

Quarterly due in 2 weeks. Things we need to see in no particular order.

1. Deal in place with mining contractor/partner
2. Plan in place to cross the difficult void.
3. Update on preparation of R/C for full mining.
4. Delivery of Peer Review confirming JORC

Quarterly due today. Why anyone would have NTL shares on offer under a cent is beyond me. If NTL delivers on points 1 & 4 the SP should be around 1.5 IMHO. Interesting times.

[whatsup]

As an investor from the mid 1980's I think investors are battle weary with disappointment after disappointment over the years so now its seeing is believing for me and most here..

[jonu]

As an investor from the mid 1980's I think investors are battle weary with disappointment after disappointment over the years so now its seeing is believing for me and most here..

If you are making your investment decisions on what a different company was doing 30 years ago I understand your frustration. I'm not doing that. I'm looking at where NTL are at this moment.

[whatsup]

If you are making your investment decisions on what a different company was doing 30 years ago I understand your frustration. I'm not doing that. I'm looking at where NTL are at this moment.

Agree but their results this last year have also been disappointing imo.

[youngatheart]

If it was good news I'm sure they would have released it first thing this morning... If not then it's probably nothing exciting.

[jonu]

If it was good news I'm sure they would have released it first thing this morning... If not then it's probably nothing exciting.

They are dual listed remember. Announcing something positive when only one exchange is trading isn't a goog look. Besides, they may also have been finalising their extraction deal until the last minute. We'll know soon enough.

[youngatheart]

And yet they released the last half yearly report at 13 Dec at 8.30am NZ time, 7.30am Aus time...

[BigBob]

And yet they released the last half yearly report at 13 Dec at 8.30am NZ time, 7.30am Aus time...


....Announcing something positive when only one exchange is trading isn't a goog look....

My emphasis....

[haewai]

There was nothing new in the half year report, as it was already covered in the earlier quarterlies. As has been pointed out multiple times.
NTL always release quarterlies late in the day.

[Bluemanarc]

This may be the last time anyone can ever buy this share under 1c, very interesting times ahead this year.

[jonu]

I thought you were out Bluemanarc.

[haewai]

Still talking, planning, designing. Not mining or processing.

[blackcap]

"The planning assessment for resource consent application for the long
term mine has been completed and subject matter specialists are being
recruited. Once the application is submitted the external stakeholders
will determine the timing and pathway to long term consenting for the
mine. With less than minor environmental effect from the mine
development the company is confident in securing the resource consents
to mine for the duration of the Mining Permit. "

Could be a while before anything of substance happens.

[jonu]

Quarterly due in 2 weeks. Things we need to see in no particular order.

1. Deal in place with mining contractor/partner
2. Plan in place to cross the difficult void.
3. Update on preparation of R/C for full mining.
4. Delivery of Peer Review confirming JORC

Quarterly has been released.

Point1. Tick
Point 2. No direct clarification but talk of planning for strategic mine development etc
Point3. Tick
Point4. Tick with a wink. Says it's not quite complete but they are pleased with the "positive outcome".

[jonu]

"The planning assessment for resource consent application for the long
term mine has been completed and subject matter specialists are being
recruited. Once the application is submitted the external stakeholders
will determine the timing and pathway to long term consenting for the
mine. With less than minor environmental effect from the mine
development the company is confident in securing the resource consents
to mine for the duration of the Mining Permit. "

Could be a while before anything of substance happens.

They can mine under the bulk sampling and now have an agreement in place to do that and at the same time have the upscale plant built for them. Could be a matter of a few months.

The report refers to "near term extraction of high grade ore in Dubbo"

[Chippie]

Quarterly has been released.

Point1. Tick
Point 2. No direct clarification but talk of planning for strategic mine development etc
Point3. Tick
Point4. Tick with a wink. Says it's not quite complete but they are pleased with the "positive outcome".


I am happy with the progress and update, expanding on the summary from Jonu. It looks like option “A” was for OceanaGold to process the ore, and their decision to be placed on care and maintenance means NTL go with Option “B” which looks like Terra Firma. The good news is they have been progressing this as an option over the past 2 quarters. I do believe that bulk sampling is close now, and bet on it happening this quarter.

Key extracts for me from the quarterly are
- final requirements for a larger plant consent, which requires data on both the recovery rate and sand produced after processing, is being accelerated in order for the processing of extracted ore to take place in the coming months.
- gravity processing in batches at either the pilot plant (with some upgrades) or the larger plant to commence in the near term.
- aim to accelerating gold production from the bulk sampling project.
- The planning assessment for resource consent application for the long term mine has been completed and subject matter specialists are being recruited.
- Design work on the commercial scale plant is proceeding according to schedule and enquiries have been placed with equipment suppliers
- Securing resource consent to enable the Company to extract the maximum possible value from the mines high grade mineral resource over the ten year plus mine life is a high priority.
- This assessment is complete and has identified a number of technical assessments that will be required to underpin the resource consent application. …there are some aspects that need addressing by subject matter experts and these are currently being sourced for availability and cost estimates.
- Mineral Resource Estimate The peer review of the updated Mineral Resource estimate as was announced late in 2019 for the Talisman Mine is nearing completion with no material issues identified. The review process has been very thorough, and the Company is heartened by the positive outcome. Life of mine planning and mine design, supported by the peer reviewed mineral resource estimate, is well underway.
- The plan will also identify areas, both within the bounds of the existing mine and the larger permit area, with the potential for economic ore deposits and suggest an exploration strategy to quantify potential mineral resources in those areas for later inclusion in the planning cycle

[Chippie]

for disclosure, my "bet" is represented by a large % of my portfolio in NTL. But do consider this a high risk investment rather than a bet

[jonu]

Gold sitting at NZD $2430 an oz this morning. On earlier figures and not knowing the cost structure with Terra Firma that represents approx $1500NZD per oz profit for NTL, not allowing for silver. Even the bulk sampling phase will be extremely profitable at these levels. Let's hope they stick to somewhere near the 8000 ounces produced mentioned earlier.

Let's see, 8000 x 1500 = 12,000,000.

With indications that the JORC review is coming in on target there's another 430,000 odd ounces to look forward to after that. Current market cap 21.5 million. Do the maths!

[Lion]

Do the maths!

I did. I got $645,000,000

[jonu]

I did. I got $645,000,000

You might say we are sitting on a goldmine :t_up:

[Joshuatree]

Sitting on a goldmine , what, since the 70's or 80's when you could buy Golden Kiwi tickets? And how many cap raises later, dozens? I hope it comes to fruition for current holders at last .but its been rinse and repeat until now and its the shareholders who have been mined.

[jonu]

Sitting on a goldmine , what, since the 70's or 80's when you could buy Golden Kiwi tickets? And how many cap raises later, dozens? I hope it comes to fruition for current holders at last .but its been rinse and repeat until now and its the shareholders who have been mined.

Would you not agree that NTL looks extremely well placed to be a 6-7 bagger here JT?

[haewai]

Even the bulk sampling phase will be extremely profitable at these levels. Let's hope they stick to somewhere near the 8000 ounces produced mentioned earlier.



How will it be profitable when it won't be processed?

[jonu]

How will it be profitable when it won't be processed?

Who said it won't be processed? Did you not read the Quarterly haewai?

[steveb]

Would you not agree that NTL looks extremely well placed to be a 6-7 bagger here JT?
If you take lions figure that works out at 24cents a share so minimum 20 to 30 baggers here if you get in now,just love this best case scenario fantasyland stuff.

disc holding but not adding

[haewai]

I did.
I don't see the relevance of today's gold price or bulk sampling or predicting profitability when processing isn't going to happen for many months.
I do see cash running out in 18 months though

[jonu]

I did.
I don't see the relevance of today's gold price or bulk sampling or predicting profitability when processing isn't going to happen for many months.
I do see cash running out in 18 months though

Well I guess you don't see the value in any high growth potential stock then. Each to their own. By the way, you saying it won't be processed is at odds with the company announcement. I'm happy to stick with them.

[Antipodean]

Was in ntl in 2015, exited in 2018, relatively short time ago. Heard this news all before. Been so close to production for so long. Did very similar calcs back then - but they only work when it's extracted and sold.

[jonu]

Was in ntl in 2015, exited in 2018, relatively short time ago. Heard this news all before. Been so close to production for so long. Did very similar calcs back then - but they only work when it's extracted and sold.

So will you be back in once they begin extraction?

[Antipodean]

I'm still watching them, and I certainly won't be back in before extraction. Possibly also needs a consolidation. Would rather pay more if/when this takes off than wait for the next cr.

[jonu]

I'm still watching them, and I certainly won't be back in before extraction. Possibly also needs a consolidation. Would rather pay more if/when this takes off than wait for the next cr.

I would be against another CR unless it unlocks another significant vein. If they are bulk sampling profitably and TerraFirma pays for the upscaled extraction plant I don't see the need.

[Ltw]

If you take lions figure that works out at 24cents a share so minimum 20 to 30 baggers here if you get in now,just love this best case scenario fantasyland stuff.

disc holding but not adding

Even at 10c I’d be happy! I brought in at .018 that hurt but have worked my avg price to somewhere I’m happy with. Now it’s fingers crossed it starts to climb. With the way the SP is moving it makes me wonder if someone is trying to hold it around the .007 mark.

[Baa_Baa]

I would be against another CR unless it unlocks another significant vein. If they are bulk sampling profitably and TerraFirma pays for the upscaled extraction plant I don't see the need.

The sampling and bulk sampling is to create slurry which is then tested for AU/AG content. There is no evidence at this stage that any of it has been processed into saleable gold, or silver, so there is no revenue let alone profit.

Your enthusiasm that now is the time when it all turns out peachy is infectious but 20+ years, is a long time between drinks.

[jonu]

The sampling and bulk sampling is to create slurry which is then tested for AU/AG content. There is no evidence at this stage that any of it has been processed into saleable gold, or silver, so there is no revenue let alone profit.

Your enthusiasm that now is the time when it all turns out peachy is infectious but 20+ years, is a long time between drinks.

Au contraire Baa Baa. They have processed small amounts in trialling, and the whole point of the Terra Firma deal is to have someone dig it out and process it. That's how close revenue is. They may upscale the trial plant while waiting for the bigger plant or just wait for it. Either way revenue isn't far away.

[Rosco]

I've been on board for 9 years and it's just hard to get excited. The Terra Firma partnership will likely cease before anything meaningful happens like every other NTL news event.

The 'revenue just around the corner' rhetoric has been the only constant about this company. The reality is that there will be another CR before we see any revenue. Then there will be another CR before we see revenue. The cycle continues.

[youngatheart]

Meanwhile is it true that the guy at the top is on $400k a year? That's more than $7,500 per week! What's the motive to want to change that?!

[Yoda]

Because he can. If he got paid what I get paid and put the rest in to digging. They might actually have some gold now. There will be another capital raise, with a little bit of excitement first, and then pay the Directors fees again, wash rinse repeat wash rinse repeat

[haewai]

Meanwhile is it true that the guy at the top is on $400k a year? That's more than $7,500 per week! What's the motive to want to change that?!
And another on 'between $240,000 and $250,000' per the annual report

Motivation presumably comes from owning 42 million of shares in his own name. And the annual report contains other shareholders who may be family related.

[Ltw]

400k Would be very cheep for a producing mine, as for a non producing mine I'm not sure.

Volume is up, SP is trying it's best to hold at .008 from dips to .006 not a bad report out and all the doomers and gloomers are out in force.
10yrs ago it can't have had any chance of producing and if I brought in then I'd probably feel duped to.
5yrs ago still couldn't see how it would have produced gold.
2yrs ago you could see/read that it was still a way off but they where trying and had a pretty lose plan.
since there has been some real progress physical things happening, assets acquired and up and running.
Every step is a step in the right direction and it's getting closer.

Will we see gold this year? 50/50, next year IMHO pretty good chance of that.
Will there be another CR quite possibility but lets cross that bridge when it comes. progress is the key and 9 times out of 10 the last 10% of a project is the hardest.
I believe If they wanted they could have produced a bar of gold in the last 6months but that wouldn't mean much.
what the are doing it piecing together a complicated project with a long term view of making it sustainable and hopefully making us a lot of money along the way.

[BigBob]

I believe If they wanted they could have produced a bar of gold in the last 6months but that wouldn't mean much.

Hmmm.... A standard gold bar is 12.4kg or 438.9 ounces, which would be worth almost US$700,000 today.... Would have sent a pretty strong signal.... (and it would have paid for Matt Hill for a couple of years)....

[Ltw]

Hmmm.... A standard gold bar is 12.4kg or 438.9 ounces, which would be worth almost US$700,000 today.... Would have sent a pretty strong signal.... (and it would have paid for Matt Hill for a couple of years)....

True that. I am corrected :t_up:

[Miway]

Been in 3 years and agree with your sentiments. Willing to wait another couple of years to recover my investment and hopefully profit.

[Chippie]

I agree with LTW
It is slow, but is making progress. Trading off speed to get the maximum recovery rate is good long term business

[jonu]

I agree with LTW
It is slow, but is making progress. Trading off speed to get the maximum recovery rate is good long term business

Agreed. However once they are generating revenue I think they should live within their means. If they are able to keep mining on vein they should be able to be self funding. As said earlier I'm not keen on further cap raises. It's well beyond time to be rewarding holders with cash not"cheap shares".

[Bluemanarc]

I totally exited NTL.
But a chance encounter in Thames with someone who knows a worker at NTL has brought me back in.
Nothing stellar to report, but it appears on the surface anyway, that progress at the mine is real, and they are not going to go under, which was my fear in getting out.
I still don't like Matt Hill and his ridiculous 400k salary or fully trust him, but I can see only one way for the SP price to go this year, as milestones are achieved.

[youngatheart]

I can't help but feel that they've wasted the best political opportunity these past 2 years. With an election in September there's a real possibility of no NZ First and the new government being Labour + Greens only meaning it might be considerably harder to progress the mine!
What a waste....

[suse]

I totally exited NTL.
But a chance encounter in Thames with someone who knows a worker at NTL has brought me back in.
Nothing stellar to report, but it appears on the surface anyway, that progress at the mine is real, and they are not going to go under, which was my fear in getting out.
I still don't like Matt Hill and his ridiculous 400k salary or fully trust him, but I can see only one way for the SP price to go this year, as milestones are achieved.
I would feel better if the chance encounter was with a worker at the mine, rather than someone that knows someone. But if it's got you hooked back in .... well as they say, a fool and his money are easily parted. (I myself am a fool)

[Ltw]

I totally exited NTL.
But a chance encounter in Thames with someone who knows a worker at NTL has brought me back in.
Nothing stellar to report, but it appears on the surface anyway, that progress at the mine is real, and they are not going to go under, which was my fear in getting out.
I still don't like Matt Hill and his ridiculous 400k salary or fully trust him, but I can see only one way for the SP price to go this year, as milestones are achieved.


Good to hear Bluemanarc.
I have spoken to Matt in the past and there is an open offer for share holders to go and visit the mine and see for themselves the progress and gain a better understanding of what's going on.
Later in the year I plan to take up this offer and go have a good look around while the place is humming.

[Bluemanarc]

I would feel better if the chance encounter was with a worker at the mine, rather than someone that knows someone. But if it's got you hooked back in .... well as they say, a fool and his money are easily parted. (I myself am a fool)

More than that, but I cant say anything sorry.

[Landyman]

Crikey Bluemanarc, dangling a carrot like that, and then withholding - thats NTLs style!!!

I too am a fool.

[Bluemanarc]

Just don't want to get anyone in trouble that's all.
Anyway for good or worse, I am back in, lets see if my instincts are proven correct or not.

[Bluemanarc]

Just a comment on share market in regard to Coronavirus.
I dont think people have quite clicked on how serious this is for the world economy with China shutting down most of its factories and the borders also soon to be closed.
China is the factory of the world as well as a big consumer, and this is going to be a massive disrupter to many markets.

There will be a flight away from many shares and gold has already begun its climb.
I expect severe stock market disruption and also a move to gold mining shares like NTL.
If its not gold related stocks or gold itself, then people put in in very low interest bearing accounts for safety, or possibly property.

But I expect penny dreadfuls gold related to see some greater demand.
And a tightly held low trading stock like NTL could see dramatic SP changes.

[jonu]

Just a comment on share market in regard to Coronavirus.
I dont think people have quite clicked on how serious this is for the world economy with China shutting down most of its factories and the borders also soon to be closed.
China is the factory of the world as well as a big consumer, and this is going to be a massive disrupter to many markets.

There will be a flight away from many shares and gold has already begun its climb.
I expect severe stock market disruption and also a move to gold mining shares like NTL.
If its not gold related stocks or gold itself, then people put in in very low interest bearing accounts for safety, or possibly property.

But I expect penny dreadfuls gold related to see some greater demand.
And a tightly held low trading stock like NTL could see dramatic SP changes.

I have been thinking something similar. For exposure to gold on the NZX, NTL is all there is! :t_up:

[steveb]

Now if NTL were producing then yes I would agree,but a slurry of sludge is not going to cut it with investors,having said that I did pick up a few more today at .007,someone obviously needed to sell in a hurry!

[Lion]

Hmmm.... A standard gold bar is 12.4kg or 438.9 ounces, which would be worth almost US$700,000 today.... Would have sent a pretty strong signal.... (and it would have paid for Matt Hill for a couple of years)....

Just for the record, gold is traded in quantities as small as one gram (for about US$60) and they still call it a bar.
"These bars weigh just 1 Gram and have dimensions of 8.5mm wide, 15mm tall, and just .55mm thick."
https://goldprice.org/exchanges/buy-gold-in-united-states

A shame the company couldn't produce even that much to show off - it would focus a lot of needed attention.

Gold hasn't really risen much, despite recent comments about it being a safe haven with coronavirus disruption.

[DazRaz]

Now if NTL were producing then yes I would agree,but a slurry of sludge is not going to cut it with investors,having said that I did pick up a few more today at .007,someone obviously needed to sell in a hurry!

Total value traded today just under $6000.

[Bluemanarc]

I think most of us here want to see a regular production of gold each week, and if is only 1 gram or 1 ounce per week, I don't think any one would care.

Just to see the pilot plant upgraded to be able to produce gold and have it refined somewhere and actually produce some gold each week, as per the Gold Rush, then we could see some progress and some self funding.

[Brain]

Exactly right Buemanarc. Producing a small quantity of gold would be just window dressing and I would think a lot of people would accuse them of that. Hopefully they have their eye on the bigger picture of commercial sustainable gold production and I think they probably have.

[Ltw]

I think most of us here want to see a regular production of gold each week, and if is only 1 gram or 1 ounce per week, I don't think any one would care.

Just to see the pilot plant upgraded to be able to produce gold and have it refined somewhere and actually produce some gold each week, as per the Gold Rush, then we could see some progress and some self funding.

Couldn't agree more Blue if we could get a bit of production going by mid year wouldn't that set it off. just in before the bonus shares would be nice but IMHO its more likely towards the end of the year. if however gold is up around or over $3000 an ounce by then I don't mind the weight!! :):t_up::)

[swissboy]

12 month low hit again today anything read from that ?

[haewai]

Boredom. Impatience. Insignificant volume though.

Half-way through the quarter and no news on any progress, despite the numerous 'accelerations' expressed in the last quarterly.

Meanwhile regulatory uncertainty grows, and the bank account shrinks.

[Ltw]

12 month low hit again today anything read from that ?


Back up again

[Bluemanarc]

Someone is selling their shares for $9 this morning.
They must know something we dont, they must have hit the Bonanza.
There is just under 10,000 shares for sale so we better get in quick.

[youngatheart]

Riiiight... Is that you selling them for $9???

[jonu]

Out of interest....Who has kept all their SPP shares for the 20% allocation? I have and have accumulated more at 0.6 & 0.7. I'm assuming a lot of the shares on offer at o.8 are holders that aren't going to bother hanging on.

[Bluemanarc]

No its not me, I just noticed it now, thought it was funny.
Or maybe they are serious, who knows.

[Ltw]

Out of interest....Who has kept all their SPP shares for the 20% allocation? I have and have accumulated more at 0.6 & 0.7. I'm assuming a lot of the shares on offer at o.8 are holders that aren't going to bother hanging on.

I’m the same as you mate

[Lion]

I haven't sold any SPP shares either, nor have bought any since. Just sitting tight, that's me.

You'd have to assume the $9 sell is a mistake, but at over a thousand times the current market price, well, I thought it would throw up a flag at the brokers. Odd.

[Bluemanarc]

My feeling is that the "large" block at .8 are mostly those who bought on the offering and trying to make a "quick" 14% buck.

[steveb]

My feeling is that the "large" block at .8 are mostly those who bought on the offering and trying to make a "quick" 14% buck.
I would rather wait and take the slow 20%

I actually bought 15K,s worth in the first SPP then when they opened it up to everyone I sold the first lot at .8 and invested it all into the second one.Be interesting to see how they work out the bonus shares,as I have bought a few more as well

[jonu]

I would rather wait and take the slow 20%

I actually bought 15K,s worth in the first SPP then when they opened it up to everyone I sold the first lot at .8 and invested it all into the second one.Be interesting to see how they work out the bonus shares,as I have bought a few more as well

The 1 for 5 bonus is allocated on the number of shares you still hold on the cutoff date. Eg if you bought 10 million but sold 5 million you will only get 1 million bonus. Not sure what happens if you have traded in and out. Are shares numbered like currency? If so they could track whether you still have the originals as opposed to more recently traded.

[Landyman]

Challenge: Is there a way to work out how many shares Hill owns? I think historically he has moved things into Trusts. Im picking I can get trust directors from Companies office.
I ask, as I have been pondering his (hefty) salary could actually be immaterial compared to the money he would make if the SP skyrocketed - this assumes he(or his Trusts) own a truckload of shares.
If this is true, has he fully participated in SPP recently (I think the answer is no).

Cake and eat it to? Big salary, and a SP that will one day (decade) rise significantly?

Im still sitting on the sidelines with the shares I bought at the 2c SPP, waiting and hoping.

[blackcap]

Challenge: Is there a way to work out how many shares Hill owns? I think historically he has moved things into Trusts. Im picking I can get trust directors from Companies office.
I ask, as I have been pondering his (hefty) salary could actually be immaterial compared to the money he would make if the SP skyrocketed - this assumes he(or his Trusts) own a truckload of shares.
If this is true, has he fully participated in SPP recently (I think the answer is no).

Cake and eat it to? Big salary, and a SP that will one day (decade) rise significantly?

Im still sitting on the sidelines with the shares I bought at the 2c SPP, waiting and hoping.

It does not matter if he puts shares into trusts or not. If he changes his holding he has to disclose that to the NZX, be they in trusts or not. No need to waste a lot of time.
Page 30 in the annual report sets it out.
DIRECTOR INFORMATION AND DISCLOSURE OF DIRECTORS INTERESTS
The following general disclosures of interest were received in relation to the year ended 31 March 2019:
Director Relevant interest in Ordinary Shares Relevant Interest in Unlisted Options
M G Hill 42,159,085 1,500,000
M Stevens 60,000 0
C Nader 0 0
A V Haworth 4,500 0

[Ltw]

So by my calcs his current shares value is around a years salary. I'm sure based on the quanity he would love the SP to rise also

[Brain]

So by my calcs his current shares value is around a years salary. I'm sure based on the quanity he would love the SP to rise also

He probably would but clearly Stevens the geologist , Nader , Haworth and the mining engineer Chowles have no interest in buying shares. I am a holder but lack of interest from some of the key men particularly Wayne Chowles makes me wary. To me this is a very speculative share.

[Ltw]

Could they have them in trusts?

[jonu]

Could they have them in trusts?

The Hill family certainly do. I think it's called HFT. Might be his Dad which gets away from the disclosure. Not sure around the rules on that. Who knows what Mr Chowles personal situation is. Maybe he has a massive mortgage to pay.

[blackcap]

Could they have them in trusts?

No they can not. (well they can but then they will be disclosed in the Ann. Report)

[whatsup]

Parts of Waihi mine on a care basis shortly.

[Ltw]

Parts of Waihi mine on a care basis shortly.

That’s Not NTLs mine throw is it.

[Ltw]

Gold up over the US$1600 NZD$2500

[youngatheart]

So what? It's absolutely pointless telling us this when NTLs gold is in the ground with no proof that its coming out any time soon...

[Brain]

So what? It's absolutely pointless telling us this when NTLs gold is in the ground with no proof that its coming out any time soon...

Gold price is important because those of us who have invested think that NTL will be processing gold. Of course it is speculative but $2500/ oz is a way better prospect than $1800/oz. It is encouraging to the investors.

[Ltw]

Gold is trending in one direction (up) and shows no sign of stopping.
I'd agree with your statment if things were stagnant and no progress was being made. Be it slow, progress is being made and they are getting there.
They can't just pull it out of there A$$ every step has red tape and hoops to jump through. Once they kick it off it sets in motion a number of things so to do so half cocked would be only a fools game.
The company is well aware that share holders want to see gold but as above its not a simple task and takes time.

You sound frustrated or worried about it youngatheart - best thing to do is get on the phone go out and visit the mine this will more than likely ease your concerns

[Bluemanarc]

Gold price was always going to go up, so its no surprise, but I also note some of the share markets are also down, as I predicted.
You have to look quite far to find stocks that are not affected by the chinese shut down.

As the scale of the impact of the virus slowly filters through to the general knum nuts of shareholders accross the world.
There will be a clear run towards gold sounding share names, regardless of whether NTL are producing gold or not, the fact there is gold in the ground that can at some stage be taken out of the ground, is all that matters.

Who in their right mind will keep holding shares in Airlines, tourism, food exporters to china, manufacturing companies relying on inputs from the factory of the world, etc etc.
I for one have already moved all my families kiwisaver and other funds across to conservative and will keep it there for the next 2 years.

[haewai]

... I do believe that bulk sampling is close now, and bet on it happening this quarter.

Key extracts for me from the quarterly are
- final requirements for a larger plant consent, which requires data on both the recovery rate and sand produced after processing, is being accelerated in order for the processing of extracted ore to take place in the coming months.
- gravity processing in batches at either the pilot plant (with some upgrades) or the larger plant to commence in the near term.
- aim to accelerating gold production from the bulk sampling project.
- The planning assessment for resource consent application for the long term mine has been completed and subject matter specialists are being recruited.
- Design work on the commercial scale plant is proceeding according to schedule and enquiries have been placed with equipment suppliers
- Securing resource consent to enable the Company to extract the maximum possible value from the mines high grade mineral resource over the ten year plus mine life is a high priority.
- This assessment is complete and has identified a number of technical assessments that will be required to underpin the resource consent application. …there are some aspects that need addressing by subject matter experts and these are currently being sourced for availability and cost estimates.
- Mineral Resource Estimate The peer review of the updated Mineral Resource estimate as was announced late in 2019 for the Talisman Mine is nearing completion with no material issues identified. The review process has been very thorough, and the Company is heartened by the positive outcome. Life of mine planning and mine design, supported by the peer reviewed mineral resource estimate, is well underway.
- The plan will also identify areas, both within the bounds of the existing mine and the larger permit area, with the potential for economic ore deposits and suggest an exploration strategy to quantify potential mineral resources in those areas for later inclusion in the planning cycle


Can't be long now, right? What with all those "accelerations" and "final requirements" and "nearing completion"... two months ago.

[youngatheart]

Gold price was always going to go up, so its no surprise, but I also note some of the share markets are also down, as I predicted.
You have to look quite far to find stocks that are not affected by the chinese shut down.

As the scale of the impact of the virus slowly filters through to the general knum nuts of shareholders accross the world.
There will be a clear run towards gold sounding share names, regardless of whether NTL are producing gold or not, the fact there is gold in the ground that can at some stage be taken out of the ground, is all that matters.

Who in their right mind will keep holding shares in Airlines, tourism, food exporters to china, manufacturing companies relying on inputs from the factory of the world, etc etc.
I for one have already moved all my families kiwisaver and other funds across to conservative and will keep it there for the next 2 years.
Well so much for this theory, lol.

[Ltw]

As long as the POG keeps going up I’m quite happy to stay in NTL. Just means once they kick off the SP will reflect it. If it drops down to .005 or lower I’ll buy more. Call me a fool but at the moment it’s not a bad place to be. Seen a few big drops today and funnily looking at the ASX a lot of the small caps done quite well.

Also if the market continues to fall over the next month or two and then steadys. all of a sudden those who are selling out everywhere now to cash up will have money to throw at something. all NTL have to do is time some positive announcements and yeeha 👍👍👍

[Bluemanarc]

Well so much for this theory, lol.

Ah, this theory is in place right now, share market is falling, part 1, not sure what you mean.
Second part will happen in due course, it takes a while for peoples brains to work through the obvious conclusions.
Have you seen NTL crash as well.

[steveb]

ok so it.s down to .6,looks like someone exiting the market and cashing up all their holdings.One would expect this price to hold,but you never know with Mr Market,but I do know that if I find some cash I would certainly be in at this price

[dubya]

Bought back in today at 0.006. I've been out of NTL for 18 months. Time will tell whether it was a good decision or not I guess. :):)

[Ltw]

^^Good buying^^
I wish I could do the same

[dubya]

Deleted post

[Bluemanarc]

Sharemarket and oil price crash as expected - TICK

Where to now, as the options for yield gets thinner by the day.

Bank rates and interest rates down, property to follow latter in year (maybe NZ an exception).

What is left on the table as the safe haven - GOLD

It is a matter of time.

[Bluemanarc]

Auckland property by the way, strong now, will suffer, but then when the masses realise, tiny island, too far away for boats, easily restricted airports, where would you want to get your money too and operate business, certainly not Tokyo, London, New York, Hong Kong, Paris...………. no, not going to work.
And Iceland aint going to cut it.

[Fundamentalfinder]

All this bodes well for a full mining permit, IMO one of the biggest hurdles NTL faces. Creating regional jobs in an environmentally sustainable mine well people are being laid off at alarming rates in the regions is a huge plus.

[Antipodean]

NTL had $3m cash on hand at end of previous quarter (31/12/2019). In that quarter it spent just shy of $.5m. There was no income during that quarter, as is common with NTL.
If the expenditure remains low (by historical standards - spent $3.5m in previous FY) and/or income materialises - they may be able to get through 2020 without another capital raise.

However, if not, 2020 is not shaping up to be a good year for a company to be asking for a(nother) capital raise.

On the flip side, this would be an outstanding time for NTL to be selling mined gold.

[youngatheart]

Well someone just got out in a hurry and didn't mind selling low to do it...

[haewai]

It's going to take $$$ to scale up the pilot plant, get the resource consent, and build the processing plant. Not sure it'll be a low expenditure year. Though I guess mgmt could just delay those decisions again and again to save money...

[Ace]

It's going to take $$$ to scale up the pilot plant, get the resource consent, and build the processing plant. Not sure it'll be a low expenditure year. Though I guess mgmt could just delay those decisions again and again to save money...

Didn’t they ask for 1.5m, and get over subscribed and received quite a lot more from the raising? So shouldn’t they have achieved their goals for the 1.5M they initially asked for? As outlined in the offer document... AND be doing more with the additional capital?

[haewai]

Raised $3.7m. No point asking me those questions. Try figuring out the cap raising goals and progress to date from the announcements. Plenty of room for different interpretations there.

[Ltw]

NTL had $3m cash on hand at end of previous quarter (31/12/2019). In that quarter it spent just shy of $.5m. There was no income during that quarter, as is common with NTL.
If the expenditure remains low (by historical standards - spent $3.5m in previous FY) and/or income materialises - they may be able to get through 2020 without another capital raise.

However, if not, 2020 is not shaping up to be a good year for a company to be asking for a(nother) capital raise.

On the flip side, this would be an outstanding time for NTL to be selling mined gold.

Bang on there mate.
Big sell off at .006 but bounced straight back to .007
Not many stocks holding steady at present ay Blue😉

[youngatheart]

Just a whiff of actual gold out of the mine would send the SP flying...

[Bluemanarc]

Bang on there mate.
Big sell off at .006 but bounced straight back to .007
Not many stocks holding steady at present ay Blue

Yep as I said it, every one has been ridiculously slow on picking up the economic affect CV19 would have, I was a supply chain specialist and a b.com graduate who watch's economic reports in regard to property, on a weekly basis.
It was staring me in the face that this stock market crash was going to happen, but I held on to NTL as I knew Gold would be king.

If the virus is just bad, then NZ property will also take a short confidence tumble, as we enter a mild recession and people get laid off.

But if its really bad and gets into Africa and India where you just cant control it.
Then NZ becomes the only other safe haven besides maybe Iceland, where we are an island in the middle of the ocean, at the bottom of the world, we are the only first world city (Auckland) that is safe and CV can be controlled, we have an open health system unlike the US so they are stuffed.

As I have always predicted, we have water (well usually) and food, NZ property will boom...………

Oh sorry, I got carried away.
Yep NTL will take a short hammer like all the other stocks on the exchange, but when the panic is over, stage 1 is complete, and the money will flow into the safe haven stocks that have been identified, ie. this one.

Gold and Funeral Homes

Any whiff of gold conversion is icing on the cake really

[Ltw]

IF CV continues to smash the stock market for the next 3-6months I'll be happy.
IMO - NTL will continue to hold steady then we'll likely have a sell down in June - July with bonus shares issued (I will be ready)
From there all they need to do is, be very close to producing or have started producing (both likely situations) a bit of Gold and boom your on a Bow Wave riding the market up....

[Bluemanarc]

New Zealand could become a "lifeboat to save humanity from extinction"
https://www.stuff.co.nz/national/health/coronavirus/120234749/travel-ban-two-weeks-ago-i-would-have-laughed-at-you

[youngatheart]

Looks like the unhappy shareholders are revolting, lol. An NTL Shareholder Survey has been launched here....
https://docs.google.com/forms/d/e/1FAIpQLSfcj9IyXu3m7m4z3_m_Y5hHZU85wp9iKpNznqWEuzYH ccLCig/viewform

[Bluemanarc]

I signed up.
Not revolting, just don't see what Mathew Hill is on 400k each year for a mine that is not producing any income.
It should be 100k till the mine starts producing gold.

[youngatheart]

To put it in perspective, the CEO of Air NZ is on $1.4 million - after he took a $250k cut.
That just over 3 x Matts salary for running Air NZ! You can't tell me that thats fair...

[suse]

Yep as I said it, every one has been ridiculously slow on picking up the economic affect CV19 would have, I was a supply chain specialist and a b.com graduate who watch's economic reports in regard to property, on a weekly basis.
It was staring me in the face that this stock market crash was going to happen, but I held on to NTL as I knew Gold would be king.


didnt you actually get pissed off and sell off your shares and then buy back in recently when you "met someone who knew someone that thought it was going to take off" (or something like that)

[haewai]

From the last quarterly (Dec 2019)

The peer review of the updated Mineral Resource estimate as was announced late in 2019 for theTalisman Mine is nearing completion with no material issues identified. The review process has beenvery thorough, and the Company is heartened by the positive outcome.

So it was nearing completion at the end of December. Why has another three months passed? What is taking so long?



From the previous quarterly (Sept 2019)

The technical team have been busily completing the final data update from the data acquired knownas Talisman Deeps. The work once complete will be independently reviewed and a final JORC 2012compliant resource for the Talisman mine will be complete. It is expected to have this technical workcomplete by the end of the financial year.

So the data was nearly finished at the end of September, meaning the peer review has taken at least six months. This seems inordinately slow. I guess it's just around the corner though. Lest we forget, from the same quarterly:
Following completion of the capital raising which was offered to investors at 0.65 cents ($.0065) withshares trading at 0.009 currently shareholders who participated have been well rewarded.

[youngatheart]

Ugh. Don't hold your breath. I expect there'll be an announcement that blames the virus on their lack of progress....

[youngatheart]

Seriously why buy this stock when it goes up and down 14% whenever someone hits the panic button. There are more lucrative stocks that you can make money on while management fiddle.
Just buy back in when it looks like they actually are going to mine...

[jonu]

Seriously why buy this stock when it goes up and down 14% whenever someone hits the panic button. There are more lucrative stocks that you can make money on while management fiddle.
Just buy back in when it looks like they actually are going to mine...

That's exactly why some buy it. People getting in at .6 and then lining up to sell at .7
It'll break up on material news. Had a long chat with Matt last week and am very comfortable. Proving to be a safe haven stock with plenty of upside.

[Ltw]

That's exactly why some buy it. People getting in at .6 and then lining up to sell at .7
It'll break up on material news. Had a long chat with Matt last week and am very comfortable. Proving to be a safe haven stock with plenty of upside.

Good to hear someone else has picked up the phone. Matts easy to talk to and has the finger on the pulse.
With all these doomers and gloomers between here and Hot copper its a joke. I have said it a number of times give Matt a call if he doesn't answer he will return your call and have no problem answering any concerns you may have.

[jonu]

Good to hear someone else has picked up the phone. Matts easy to talk to and has the finger on the pulse.
With all these doomers and gloomers between here and Hot copper its a joke. I have said it a number of times give Matt a call if he doesn't answer he will return your call and have no problem answering any concerns you may have.

Yes, it's strange with all the teeth gnashers moaning and wondering why the sp doesn't go up. They moan all the louder and continue to suppress it.

[jonu]

Big sell order of 5.5 million odd shares at .7 has disappeared. People smelling the waft of the coffee?

[Landyman]

Fundamentals have remained the same for a long time, a gold "prospector" now has good estimated resource (and has done for almost a decade), but transition to a gold producer is a long and expensive road. Get it done!!

Anyone on a $400k salary is going to be pretty good communicator!!!!

Discl. Holding some, hoping for a miracle.

[youngatheart]

It's not good talking that matters now but action! You remember? Saying you have achieved the milestones you said you would when you said you'd do it... Like in your reports...

[Ltw]

On one hand I’m pretty happy this stock has managed to hold between.006 & .007 On the other I was hoping to acquire some more at .005 or .004. While everything else crashes and burns this could be a boomer some good news is due with a clear focus on the plan to production.

[youngatheart]

Level 4 = no gold production as its non - essential...

[haewai]

No change there then.

I expect many of the business activities will continue off site though, including impacts assessment reviews and continued arrangements of plant purchase and shipping. Maybe even lodging of resource consent application.

[jonu]

No change there then.

I expect many of the business activities will continue off site though, including impacts assessment reviews and continued arrangements of plant purchase and shipping. Maybe even lodging of resource consent application.

Agreed haewai. Am confident Matt and the Board can get everything they need done via desktop. As can the Planners and Lawyers. The current situation will actually free up the time of many consultants which is to NTL's advantage.

NTL has been something of a safehaven stock thus far. Now for the upside to kick in. The market is hungry for good news. NTL is well placed to supply it.

[Bluemanarc]

Government can start paying the wages instead of the shareholders :)

[jonu]

The current situation may well be opening a raft of opportunities for NTL, cooperating with others in the wider sector. The infuriating delays are likely to have had a silver lining.

[Ltw]

Agreed Jonu
I see a big drop in the number trying to sell at .007
Gold continues to climb in NZD knocking 3k and everyone is calling for it to skyrocket
I was reading through some of the older JORC Mineral Resource Estimates and crunching some numbers at 2.8k
Never thought I'd say it but in todays climate having gold in the ground is a pretty safe place lol.

[Ltw]

From a article I was reading: (
I believe this is where NZ is getting it's 30b loan please correct me if I am wrong.)
… if the Federal Reserve can print unlimited dollars as ithas now said… why can’t we all just get unlimited free dollars and be rich?
When you get to questions likethis being out in the open is truly when you know the system is broken.

Enter:Gold
As these trillion-dollar measureshave been announced, gold has gone absolutely berserk in historicalfashion.
Now yes this is the US but here in NZ we do not have a lot of options - NTL this is now the time to shine
I'm thinking out loud here but

The Peer review of Mineral Resource Estimate must be due now and IMO the numbers should be good.
Resource consent application for the long term mine must have been submitted by now
We have to have an idea on when Terra Firma will have the processing plant running

[jonu]

From a article I was reading: (
I believe this is where NZ is getting it's 30b loan please correct me if I am wrong.)
… if the Federal Reserve can print unlimited dollars as ithas now said… why can’t we all just get unlimited free dollars and be rich?
When you get to questions likethis being out in the open is truly when you know the system is broken.

Enter:Gold
As these trillion-dollar measureshave been announced, gold has gone absolutely berserk in historicalfashion.
Now yes this is the US but here in NZ we do not have a lot of options - NTL this is now the time to shine
I'm thinking out loud here but

The Peer review of Mineral Resource Estimate must be due now and IMO the numbers should be good.
Resource consent application for the long term mine must have been submitted by now
We have to have an idea on when Terra Firma will have the processing plant running









Yes, NTL is in a sweet spot if people want exposure to Gold in NZD. The price per oz is soaring in USD and our dollar has tumbled against the USD. Ntl's move from explorer to producer is imminent. It won't be at huge volumes but at these price levels it should make them cashflow positive.

[steveb]

Most other companies on the exchange have let shareholders know what their position is regarding the virus and it's consequences.But nothing from Matt and his merry men.I hope all is well and everyone is safe and well.

[Ltw]

If the
Peer review of Mineral Resource Estimate agrees there is 400,000 + ounces of gold in that there mine that's over $1,120,000,000 even at 50% that's big numbers.
With the lock down now on and the mine likely shut I'd liketo think those who can are working from home on:
Planning, planning and a good one at that.
Completing Resource consents if not yet sorted, although i'm sure there will be lots more red tape they can be working on
Securing and finilising equipment purchases
Any possible government business grants
A clear-cut schedule toproduction detailing each step with a rough date. date will/could possibly move but a clear roadmap. If it's say 10 steps that's fine but a least then we know and can measure progress against it.
.
While the Government is supplementing income and allowingyou to drop wages/salaries to 80% thus saving shareholders money now is the time to be asefficient as you can and get it sorted.
Also the NZ Government is currently wanting to throw money at business to keep them afloat I suggest you take fill advantage of this.

[jonu]

If the
Peer review of Mineral Resource Estimate agrees there is 400,000 + ounces of gold in that there mine that's over $1,120,000,000 even at 50% that's big numbers.
With the lock down now on and the mine likely shut I'd liketo think those who can are working from home on:
Planning, planning and a good one at that.
Completing Resource consents if not yet sorted, although i'm sure there will be lots more red tape they can be working on
Securing and finilising equipment purchases
Any possible government business grants
A clear-cut schedule toproduction detailing each step with a rough date. date will/could possibly move but a clear roadmap. If it's say 10 steps that's fine but a least then we know and can measure progress against it.
.
While the Government is supplementing income and allowingyou to drop wages/salaries to 80% thus saving shareholders money now is the time to be asefficient as you can and get it sorted.
Also the NZ Government is currently wanting to throw money at business to keep them afloat I suggest you take fill advantage of this.



The Peer Review may also cast further light on the Inferred Resource, joining dots on different drill samples. If so, this opens a pathway for a massive lift in JORC which can actually be achieved through mining dot to dot and picking up uncharted gold along the way.

[Flugenbear]

I would hope that Matt leads from the front with a salary reduction to cut costs.
Cash flow is critical in these uncertain times and I don't think his salary is currently justified.

[haewai]

Test delete

[jonu]

OGC released last night that they are allowed to keep operating at a certain level for environmental and maintenance reasons. NTL could well come under this category as well. I'm sure Matt will be working on it.

[Lion]

As the US and other major world economies print oodles of money, they are debasing their currencies to some extent.
Compared to what, you may ask? Gold of course, often called the currency of last resort.

(OK, I do know very well that NTL is not producing any - yet)

[steveb]

As the US and other major world economies print oodles of money, they are debasing their currencies to some extent.
Compared to what, you may ask? Gold of course, often called the currency of last resort.

(OK, I do know very well that NTL is not producing any - yet)

Are you advocating a return to the gold standard? Now that would certainly put the cat among the pigeons.

[jonu]

Are you advocating a return to the gold standard? Now that would certainly put the cat among the pigeons.

It may well happen by default.

[Bluemanarc]

More buyers than sellers on the board.
First time I have seen that in a long time.
Did my post of the other day disappear ?

[Bluemanarc]

Maybe it was on Hotcopper, I got quite excited and had a good rant, here it is, I was quite impressed.


This is Day 1 in NZ's total shutdown, we will be the first to come out the other side.
We are about 200 cases compared to ausie being 10 times that and only 5 times the size.
NZ is an isolated island in the middle of the ocean and the tasman sea will nobble any zombie CV boat people trying to get here.
The airports is our weakness and we are slowly getting in control of that.
As CV spreads devastation through the rest of the world, as it gets to Africa and India, NZ will be coming out the other side and back to work.
We will be the first to make benefits out of the new self testing at borders so we can reopen.

In this total lockdown all the workers at NTL will be paid to stay at home by the government, and I am thinking that its going to be a 8 to 12 week shut down rather than a 4 week one that we started today.
In that time, the management can continue on with their work.

When NZ comes out of it, we will be sending people back to the mines, whilst the rest of the world is in turmoil with health systems unable to cope with the pandemic, and manufacturing is halted in the gold mines around the world.

The political frame work for NZ, has totally changed within 5 days here.
The fashionable greenie rules clobbering farming and mining, have and will further be relaxed, govt and RBNZ and banks are opening up finance.
Now in NZ, with unemployment set to rise from 4% to 10% minimum, with the hospitality and tourism industry facing total devastation, their is now an unstoppable political will, to assist the growth of any business venture providing jobs and economic growth.

Its amazing, when you face total ruin, everyone realises that you cannot afford the luxury to waste time on greenie BS.

The game changed for NTL a few days ago.

[Brain]

I agree the virus is a game changer and NTL will be a beneficiary. Rather have these shares than AIR and a number of other companies.

[Lion]

Are you advocating a return to the gold standard? Now that would certainly put the cat among the pigeons.

Just for fun, on a wet, isolated afternoon, I did some calculations on the old gold standard. When Richard Nixon abandoned tying the price of gold to the US$ (or is that the other way round?) in 1971, the gold price was set at US$35 an ounce.
I found a US inflation calculator that said $35 would now be worth $226.37
So no, Steve, I don't think I'm advocating a return to that system.

But you'd think the value of gold should go up if countries are printing money.

I read there is a physical shortage of gold just now too - many mines are not working, many dealers are working short hours, and even planes to fly it round the world are in short supply.

[Brain]

Just for fun, on a wet, isolated afternoon, I did some calculations on the old gold standard. When Richard Nixon abandoned tying the price of gold to the US$ (or is that the other way round?) in 1971, the gold price was set at US$35 an ounce.
I found a US inflation calculator that said $35 would now be worth $226.37
So no, Steve, I don't think I'm advocating a return to that system.

But you'd think the value of gold should go up if countries are printing money.

I read there is a physical shortage of gold just now too - many mines are not working, many dealers are working short hours, and even planes to fly it round the world are in short supply.

I believe for the old gold standard that the total value of money circulating in a country’s economy must be backed by gold in the central banks vault. That would mean a considerable revaluation of gold.

[Ltw]

When it come to Gold, Governments, Wars, Monetary policy, predictions of ups and downs James Rickards seems to be the man a lot turn to. He has been calling what’s happening now for the last couple of years and believes there is a high possibility that money will have some form of tie back to gold in the near future. In one scenario that’s back by a lot, the POG will be at $5000 USD very soon in another that ties gold completely to amount of money I think in the world values it @ 10,000USD plus. That from memory was a simple calculation of total money divided by total gold.

[Bluemanarc]

A lot of the doomsday people are coming out, even on CNN, promoting the value of gold, and it was quite simply a major market fail to see the value of Gold did so much in early march, and it is not back on the early stages of what will be a massive rise.

But the doomsday brigade say that you actually need to hold the gold, not a piece of paper saying you own gold, as often you don't physically hold the gold, when they say you own gold, I agree with them on that, and I think the germans have taken their physical gold back, but I stand to be corrected on that.

At least NTL are holding on to their gold, and strategically not taking it out of the ground these last 10 years, as they would have sold it at a fraction of what it will be worth next year.
Obviously Matt is way smarter than all of us, and actually worth a 4 Million salary not a 400k one.

Happy days everyone, we are literally sitting on a gold mine.

[youngatheart]

Wow. And here was me naively thinking that the falling NTL share price was because of the lack of progress, missed milestones and failure to update its shareholders...

[youngatheart]

At least NTL are holding on to their gold, and strategically not taking it out of the ground these last 10 years, as they would have sold it at a fraction of what it will be worth next year.
Obviously Matt is way smarter than all of us, and actually worth a 4 Million salary not a 400k one.

Happy days everyone, we are literally sitting on a gold mine.

It's only Real gold after its been dug up. At the moment it's only theoretical... And at this pace you could be waiting 10 years and the gold price could be crap again. Its been over 2 years already since any real action!... C'mon!

[Lion]

Obviously Matt is way smarter than all of us, and actually worth a 4 Million salary not a 400k one.

Happy days everyone, we are literally sitting on a gold mine.

Oh Blue, you naughty boy! You do like to stir up the negative people here, don't you?

[Baa_Baa]

It's only Real gold after its been dug up. At the moment it's only theoretical... And at this pace you could be waiting 10 years and the gold price could be crap again. Its been over 2 years already since any real action!... C'mon!

Its been over 20 years! :scared:

[Ltw]

A lot of the doomsday people are coming out, even on CNN, promoting the value of gold, and it was quite simply a major market fail to see the value of Gold did so much in early march, and it is not back on the early stages of what will be a massive rise.

But the doomsday brigade say that you actually need to hold the gold, not a piece of paper saying you own gold, as often you don't physically hold the gold, when they say you own gold, I agree with them on that, and I think the germans have taken their physical gold back, but I stand to be corrected on that.

At least NTL are holding on to their gold, and strategically not taking it out of the ground these last 10 years, as they would have sold it at a fraction of what it will be worth next year.
Obviously Matt is way smarter than all of us, and actually worth a 4 Million salary not a 400k one.

Happy days everyone, we are literally sitting on a gold mine.

From what I've read a lot of country's governments have taken there physical Gold back. also for the last couple of years governments and central banks have been buying record amounts of gold so maybe they know what's coming...…
NTL are well aware of the pressure they are under and know that they need to get this sorted soon as share holders are losing patience.
We wound all like weekly updates but that is completely pie in the sky stuff as every announcement on the NZX and ASX costs money to produce.
IMHO I want action and updates but wise use of money is key as in the current climate I highly doubt a credit raising adventure would go down well!!
I hope to talk with management again soon.

[stoploss]

From what I've read a lot of country's governments have taken there physical Gold back. also for the last couple of years governments and central banks have been buying record amounts of gold so maybe they know what's coming...…
NTL are well aware of the pressure they are under and know that they need to get this sorted soon as share holders are losing patience.
We wound all like weekly updates but that is completely pie in the sky stuff as every announcement on the NZX and ASX costs money to produce.
IMHO I want action and updates but wise use of money is key as in the current climate I highly doubt a credit raising adventure would go down well!!
I hope to talk with management again soon.
How many countries have been buying and how much ?
http://.bullionbypost.co.uk/gold-news/2019/may/07/worst-deal-uk-history-20-years-brown-sold-britains-gold/

[Landyman]

From what I've read a lot of country's governments have taken there physical Gold back. also for the last couple of years governments and central banks have been buying record amounts of gold so maybe they know what's coming...…
NTL are well aware of the pressure they are under and know that they need to get this sorted soon as share holders are losing patience.
We wound all like weekly updates but that is completely pie in the sky stuff as every announcement on the NZX and ASX costs money to produce.
IMHO I want action and updates but wise use of money is key as in the current climate I highly doubt a credit raising adventure would go down well!!
I hope to talk with management again soon.

Gold production is still a way off, unless there are some cost cutting measures, then a SPP (or bank loan) is likely. IMHO.
Cost cutting will only slow things down, so SPP will help - though I dont want to fork out anymore personally.

[haewai]

Must be possible to get some cash through processing through the pilot plant, if scaled up a bit. There was a commitment to do this through the last SPP.

It's unbelievable they haven't been doing this.

[jonu]

Gold production is still a way off, unless there are some cost cutting measures, then a SPP (or bank loan) is likely. IMHO.
Cost cutting will only slow things down, so SPP will help - though I dont want to fork out anymore personally.

That statement doesn't make sense Landy. You reckon they are going to speed up production by cost cutting?

I think positive cashflow production is imminent. They won't be looking to cash raise at the moment.

[steveb]

just under a year ago there was 500t of ore stockpiled.I wonder how much of this has been processed,surely they can't be thinking of waiting until they start up their own super crusher.they have the consents and they need the money,the ore should be going to an outside processing plant.
They could be putting a weekly update up on the website as long as nothing price sensitive is published its the best way to communicate nowadays,with a copy of the update emailed to shareholders.

[Landyman]

That statement doesn't make sense Landy. You reckon they are going to speed up production by cost cutting?

I think positive cashflow production is imminent. They won't be looking to cash raise at the moment.

Poor grammar, apologies.
Gold production is a way off.
If they cant cut costs, then SPP (or bank loan) will be reqd

If they do cut costs, that will slow progress.
As much as I dont want an SPP, its going to be reqd
IMHO

[Chippie]

Below is from last quarterly update on 31/01/ Hopefully the next update confirms real progress on this?

 With planning for the near term extraction of high grade ore in Dubbo,
by way of vertical development in and around BM37 in the process of
completion, it is expected the removal of high grade ore, suitable for
gravity processing in batches at either the pilot plant (with some
upgrades) or the larger plant to commence in the near term.

 A processing route for ore from the Talisman Mine has been secured
through signing of a term sheet detailing the conditions for development
of a processing plant by Terra Firma Mining Limited. Other parties have
approached the company with options for working with NTL on the
project in various forms and these are also being reviewed with

[dubya]

Looks like the unhappy shareholders are revolting, lol. An NTL Shareholder Survey has been launched here....
https://docs.google.com/forms/d/e/1FAIpQLSfcj9IyXu3m7m4z3_m_Y5hHZU85wp9iKpNznqWEuzYH ccLCig/viewform

And if you're unhappy or disillusioned with the direction of the company and the directors performance, I thought I'd bump this post :t_up:.

[haewai]

From the quarterly six months ago (Sept 2019)

The technical team have been busily completing the final data update from the data acquired known as Talisman Deeps. The work once complete will be independently reviewed and a final JORC 2012 compliant resource for the Talisman mine will be complete. It is expected to have this technical work complete by the end of the financial year.


Looks like another missed milestone.

[cyclist]

Looks like another missed milestone.

Don't be so cynical. Still 35 minutes to go :cool:

Disc: Hold a very modest amount and feeling VERY cynical.

[Ltw]

How many countries have been buying and how much ?
http://.bullionbypost.co.uk/gold-news/2019/may/07/worst-deal-uk-history-20-years-brown-sold-britains-gold/

That link didn't work, I think your after this one
https://www.bullionbypost.co.uk/gold-news/2019/november/29/serbias-central-bank-jumps-gold-reserve-bandwagon/

Or for that matter go on ya Bullion by post and search Central Bank

[Joshuatree]

http://www.newtalismangoldmines.co.n...ion_240113.pdf (http://www.newtalismangoldmines.co.nz/wp-content/uploads/2013/01/NTL-Presentation_240113.pdf)

Love the Golden, glossy presentation and it looks so sure a bet . The mono rail sounds really exciting, outside the square too, innovative plus.

[Chippie]

http://www.newtalismangoldmines.co.n...ion_240113.pdf (http://www.newtalismangoldmines.co.nz/wp-content/uploads/2013/01/NTL-Presentation_240113.pdf)

Love the Golden, glossy presentation and it looks so sure a bet . The mono rail sounds really exciting, outside the square too, innovative plus.

what happened to BPL below? It is not covered in any current reporting

Broken Hill Prospecting
‹ NTL is a major shareholder (21.7%)
‹ BPL (ASX:BPL) www.bhpl.biz owns large pyrite-cobalt (‘Co’) deposits
beside the Sydney the Sydney
-Adelaide railway 25km west of Broken Hill Adelaide railway, 25km west of Broken Hill.

[cyclist]

http://www.newtalismangoldmines.co.n...ion_240113.pdf (http://www.newtalismangoldmines.co.nz/wp-content/uploads/2013/01/NTL-Presentation_240113.pdf)

Love the Golden, glossy presentation and it looks so sure a bet . The mono rail sounds really exciting, outside the square too, innovative plus.

You having a bit of fun there JT 😎. I love in the summary the promise of an "accelerated development plan". From 2013. What would the slow version have looked like!

[macduffy]

http://www.newtalismangoldmines.co.n...ion_240113.pdf (http://www.newtalismangoldmines.co.nz/wp-content/uploads/2013/01/NTL-Presentation_240113.pdf)

Love the Golden, glossy presentation and it looks so sure a bet . The mono rail sounds really exciting, outside the square too, innovative plus.

Indeed. I never read a mining presentation that didn't look like a sure bet! I think I've grown out of that particular "investment" phase!

;)

[haewai]

Funny how the first highlight identified is completion of a capital raise. It still seems like its the number one business objective.

[Chippie]

a golden opportunity to get the full mining consents....


https://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=12321567

"Creating jobs
Meanwhile, ministers Shane Jones, Phil Twyford and David Parker were all looking at how to get the jobless into jobs with "shovel-ready" projects, she said.

Work was also underway looking at how to speed up consents for development and infrastructure projects.

Robertson said a list of projects was being worked on.

The country's GDP could drop by as much as 17 per cent while unemployment could reach double digits, he said.

The prediction of 30 per cent unemployment by some economists was "extreme", and showed how uncertain the future of the economy was.

He said rent relief for commercial businesses was under discussion, and more will be said about that in a couple of days."

[Landyman]

Gold may be where its at, this from the Aust Institute of Company Directors

An optimistic COVID-19 scenario as a base case

The following is an optimistic scenario as a base case from which to build – amend, add to and update as circumstances change:

• Australia succeeds in containing the pandemic to a fraction of the population (less than one per cent or 250,000 infections for the whole of the ‘curve’) through effective mitigation strategies.
• The pandemic peaks in Australia in May and is on a steep 8 to 12-week decline. New infections reduce to less than one per cent of peak infection rate in June and continue to reduce.
• Governments in Australia contemplate lifting social distancing restrictions in July 2020 and in an orchestrated fashion, key elements of the economy come back online.
• An effective vaccine is ready and the population is immunised by the end of October 2020. Most elements of the economy are free to begin operating again by December, though severe restrictions on international travel remain to contain reinfection by incoming international travellers.
• The Federal Government has ensured access to capital remains abundant and affordable. The market begins to reinvest in rebuilding the economy. Steep growth in recovery through first three months of 2021. International trade recovers quickly.
• An expected, more realistic, scenario sees the above timeframe stretched out to second quarter or third quarter of 2021.
• A pessimistic scenario sees the failure of government initiatives to contain the pandemic and an 18-month delay in vaccination of the general public in Australia. The fabric of the economy starts to come under significant stress, supply chains have to be rebuilt from scratch given the loss of so many links in the chain. Full recovery envisaged over a period of years rather than months. The economy slowly recovers from a hard reset.

[Rosco]

what happened to BPL below? It is not covered in any current reporting

Broken Hill Prospecting
‹ NTL is a major shareholder (21.7%)
‹ BPL (ASX:BPL) www.bhpl.biz (http://www.bhpl.biz) owns large pyrite-cobalt (‘Co’) deposits
beside the Sydney the Sydney
-Adelaide railway 25km west of Broken Hill Adelaide railway, 25km west of Broken Hill.

BPL is another Hill family enterprise. Just another one of their companies that is doing F all. These days I can't help but think that the whole thing is some sort of rort and we have all been conned.

[haewai]

From the quarterly report for the quarter ended June 2019:


Work continues on the resource consent application for full mining. It is expected that thisapplication will be lodged in the next half year to allow sufficient time for processing to ensurecontinuity of the operation on completion of the bulk sampling programme.

From the following quarterly:


Work continues on the resource consent application for full mining. It is expected that thisapplication will be lodged in the next quarter to allow sufficient time for processing to ensurecontinuity of the operation on completion of the bulk sampling programme.

Then in the very last quarterly, which is supposed to have been after the consent application was lodged:


While much of the required information has been quantified through the underground rehabilitation, 3prospecting and test mining programme over the past 2.5 years, there are some aspects that needaddressing by subject matter experts and these are currently being sourced for availability and costestimates.

Grrr

[jonu]

I'd be interested to know what people value this stock at once we receive news of a processor of ore and susbstantive work done on the RC for full mining? You could throw the JORC peer review in the mix as well.

I reckon fair value of about 1.5c or 40 million Market Cap for lowish volume and more like 2+ cents for higher volume of processing.

[Ltw]

1.5 - 2 would be an easy jump IMHO
Just look at what BLT's done in the last 12 months
If Matt and the team can get it producing in the next 12 months it will be a boomer. POG nearing 3k NZD and most are calling for it to go a lot higher. Some are also saying in the next 3 - 5yrs it could possibly be tied back into the dollar causing it to sky rocket in value.
From my research it is near impossible at the moment to find let alone buy physical gold.
At this rate the ore the mine is producing is likely to be able to be sold at a good profit.

[Meister]

If Matt and the team can get it producing in the next 12 months it will be a boomer.

Thats just the thing, I have been thinking that for years. Bulk sampling was supposed to be years ago!
It always seems like every year we are about to get something out of it, and then it just... doesn't happen. I was damn near certain we were supposed to have seen the pilot plant actually used for some minor gold extraction to be sold, in addition to feasibility checks... why hasn't it? The goalposts really do seem to shift every time (or new ones appear). I am starting to get pretty cynical unfortunately. You said you had spoken to Matt directly - you don't have to go into detail about the talk, but did you really get the impression that we will be getting revenue of any form in the near future?

[youngatheart]

1.5 - 2 would be an easy jump IMHO

Just look at what BLT's done in the last 12 months
If Matt and the team can get it producing in the next 12 months it will be a boomer. POG nearing 3k NZD and most are calling for it to go a lot higher. Some are also saying in the next 3 - 5yrs it could possibly be tied back into the dollar causing it to sky rocket in value.
From my research it is near impossible at the moment to find let alone buy physical gold.
At this rate the ore the mine is producing is likely to be able to be sold at a good profit.

Ugh. In the immortal words of Sarah Pallin... "How's that hopey, changey thing working out for ya..."

[whatsup]

When are the bonus shares from the last C R to be released/issued into S Hers hands ?

[steveb]

I'd be interested to know what people value this stock at once we receive news of a processor of ore and susbstantive work done on the RC for full mining? You could throw the JORC peer review in the mix as well.

I reckon fair value of about 1.5c or 40 million Market Cap for lowish volume and more like 2+ cents for higher volume of processing.

Well Matt and his merry band think north of .055 by the end of 2022

[Ltw]

Ugh. In the immortal words of Sarah Pallin... "How's that hopey, changey thing working out for ya..."

To be honest I only have shares in both BLT and NTL (sold everything else last year) so currently I am still in the green and very happy BLT has gone up a hell of a lot and NTL is not moved a lot. Can’t say the same about a number of the so called “safe” shares of late. So for me that hopey, changey thingy is working out bloody well.
Very soon they will issue the bonus shares and I will be even more happy as shares around the place continue to crash.
Then the company release some good news and bingo 😉

[Joshuatree]

BPL is another Hill family enterprise. Just another one of their companies that is doing F all. These days I can't help but think that the whole thing is some sort of rort and we have all been conned.

Yes but conned how many times and how many shares and how many $millions?. I would love to know how many cap raises this and the previous entities have raise and how much but no way am i going to waste my time looking, i dare someone else to research this!

[Ltw]

JT are you holding or just stirring?

[Ltw]

Well Matt and his merry band think north of .055 by the end of 2022

Matt his family and the Hill trust have a lot to gain from this going north of .055
If you add up all there holding they have a lot of skin in the game. A lot more than most on here.

[nztx]

If only Matt & the Team could come up with some more of those In-Specie backdoor jobs
then we may have more to be distracted by, rather than how long is the piece of string
and when will another Cap Raise be attached to the string .. while the POG sails up
& down in the meantime..

[patrick]

To be honest I only have shares in both BLT and NTL (sold everything else last year) so currently I am still in the green and very happy BLT has gone up a hell of a lot and NTL is not moved a lot. Can’t say the same about a number of the so called “safe” shares of late. So for me that hopey, changey thingy is working out bloody well.
Very soon they will issue the bonus shares and I will be even more happy as shares around the place continue to crash.
Then the company release some good news and bingo ��

Please don’t compare with BLT.

[Ltw]

The comparison I was making was the speed a small cap can increase by on becoming profitable.

[Bluemanarc]

There is zero chance in NZ that any industry in NZ will be shut down, anything that employees people will be green lighted.

[youngatheart]

Perhaps you might find gold quicker if you employed this woman...

https://youtu.be/0fyVOd1pNrk

[Chippie]

a golden opportunity to get the full mining consents....


https://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=12321567

"Creating jobs
Meanwhile, ministers Shane Jones, Phil Twyford and David Parker were all looking at how to get the jobless into jobs with "shovel-ready" projects, she said.

Work was also underway looking at how to speed up consents for development and infrastructure projects.

Robertson said a list of projects was being worked on.

The country's GDP could drop by as much as 17 per cent while unemployment could reach double digits, he said.

The prediction of 30 per cent unemployment by some economists was "extreme", and showed how uncertain the future of the economy was.

He said rent relief for commercial businesses was under discussion, and more will be said about that in a couple of days."

I watched Shane Jones on “The AM show” this morning. And although very optimistic, I hope that Matt Hill is working with Shane to cut through the “RMA constipation” and get Terra Firma set up to process the gold with a full mining consent. This would be a great story for the politicians supporting a NZ company to get established and create and number of jobs and tax revenue for the country.

This is all based on hope, but you never know?

[nztx]

I watched Shane Jones on “The AM show” this morning. And although very optimistic, I hope that Matt Hill is working with Shane to cut through the “RMA constipation” and get Terra Firma set up to process the gold with a full mining consent. This would be a great story for the politicians supporting a NZ company to get established and create and number of jobs and tax revenue for the country.

This is all based on hope, but you never know?

May be too hopeful IMO

We have Kelvin Davis sitting in a distant pew in his very own Bubble oblivious to everything going on trying to replan out what
his wish list of future Tourism business may look like in distant future, hopefully & probably long after he's gone

We have Robertson dithering around (probably trying to work out if he's engineered his worst nightmare yet) very oblivious to wholesale businesses falling over (never to return) completely devoid of any clue that there will only be a fraction of non-essential businesses left on the other side and Unemployment heading through the roof and growing as further follow on business follows suit or downsizes..

Expecting such a miracle from SJ sitting outside the 'inner ring of high level attempts at stamping things out' may be simply too much to hope for -- who knows Robertson may have had to pull in hard the strings around SJ's large Slush Fund for more immediate unfolding disaster areas - which Labor have conveniently orchestrated on us all


Discl. Currently Very Minute Holder - severely diluted over the years by the numerous Cap Raises and Repeated HGL/NTL Promises

[haewai]

It's not the RMA slowing NTL

[Chippie]

The ultimate outcome for NTL is to get its full mining operation into production and maximise the returns for all shareholders.

The biggest risk to achieving this outcome is getting RMA approval which will probably be via the environmental court due the power that RMA gives small groups of individuals to challenge and potentially stop the approval.

The last quarterly report stated the following
- “Securing resource consent to enable the Company to extract the maximum possible value from the mines high grade mineral resource over the ten year plus mine life is a high priority.”
and
- ” The planning assessment for resource consent application for the long term mine has been completed and subject matter specialists are being recruited. Once the application is submitted the external stakeholders will determine the timing and pathway to long term consenting for the mine”

Although we all want the bulk sampling to start generating revenue now, the most important factor on making NTL successful for long term shareholders will be the RMA consents for full mining.

So, I honestly hope that Matt is working on this as the priority, this opportunity due to covid-19 could potentially allow NTL to start full mining activities in the next 12 months. This would be even better than starting bulk sampling right now, although I would like that to happen also.

[Ltw]

Fully Agree Chippie
Last communication I had with the company (little while back) the RMA consents for full mining was very much top priority. Would be nice to have an update on this although we will probably have to wait till the end of year report.

[whatsup]

Gold jumped to US $1750/oz or now Kiwi $2850, , I now know the fish heads game is working ( keeping the gold in the ground - its eventually worth more ) !!

[nztx]

If NTL's past history repeats, it will probably still be down there too with a couple more Cap Raises along the way
as it sails down the other side, but generating more encouraging releases of optimism of what's likely down there

[Chippie]

That is the key question nztx. Personally I am in boots and all hoping things are about to change. But no gurantees in this game

[clip]

Gold jumped to US $1750/oz or now Kiwi $2850, , I now know the fish heads game is working ( keeping the gold in the ground - its eventually worth more ) !!

Wouldn't it be better to have it in a warehouse than in the ground

[Lion]

Gold jumped to US $1750/oz or now Kiwi $2850, , I now know the fish heads game is working ( keeping the gold in the ground - its eventually worth more ) !!

I'm a little confused about just what the price of gold is currently.
This site https://money.cnn.com/data/commodities/index.html gives US$ 1752 per ounce, but that's a future price, for June 2020.

https://goldprice.org says the current price is $1,685.02 which is down 2.95%

[whatsup]

I'm a little confused about just what the price of gold is currently.
This site https://money.cnn.com/data/commodities/index.html gives US$ 1752 per ounce, but that's a future price, for June 2020.

https://goldprice.org says the current price is $1,685.02 which is down 2.95%


Last recorded price as per the CNBC Fridays ( Thursday trading U S )money programme .

[haewai]

https://www.kitco.com/charts/livegold.html

[youngatheart]

"Phil Goff said he is happy to align with ministerial pay cuts of 20 per cent for the next six months. His annual salary is $296,000, meaning a 20 per cent reduction over six months would see him lose $29,600 before tax."

Wow. So the mayor of Auckland is only paid $296k and happy to take a 20% pay cut.
How much is NTLs CEO earning again?
Unbelievably, not even a Covid-19 update.
Meanwhile, another tumbleweed blows by...

[BigBob]

Unbelievably, not even a Covid-19 update.


This...!!!!

Uneffingbelieveble....!!! Every other company has had the decency to update their shareholders - but it clearly beneath these t*ssers...

[dubya]

"Phil Goff said he is happy to align with ministerial pay cuts of 20 per cent for the next six months. His annual salary is $296,000, meaning a 20 per cent reduction over six months would see him lose $29,600 before tax."

Wow. So the mayor of Auckland is only paid $296k and happy to take a 20% pay cut.
How much is NTLs CEO earning again?
Unbelievably, not even a Covid-19 update.
Meanwhile, another tumbleweed blows by...


This...!!!!

Uneffingbelieveble....!!! Every other company has had the decency to update their shareholders - but it clearly beneath these t*ssers...

Yep. Quite disgusting. Just a reflection on their incompetency.

I've reposted this link before, but thought I'd do it again. I don't know who's behind it.
So if you're unhappy or disillusioned with the direction of the company and the directors performance, this might or might not gain some traction. :t_up: (I hope it does!!)

https://docs.google.com/forms/d/e/1F...cLCig/viewform (https://docs.google.com/forms/d/e/1FAIpQLSfcj9IyXu3m7m4z3_m_Y5hHZU85wp9iKpNznqWEuzYH ccLCig/viewform)

[steveb]

I think the answer is that nobody should support the next capital raise,then at least the board will know that they either start production or they go under.

Clearly shareholders including myself have had enough!

[samjaynz]

Yep. Quite disgusting. Just a reflection on their incompetency.

I've reposted this link before, but thought I'd do it again. I don't know who's behind it.
So if you're unhappy or disillusioned with the direction of the company and the directors performance, this might or might not gain some traction. :t_up: (I hope it does!!)

https://docs.google.com/forms/d/e/1F...cLCig/viewform (https://docs.google.com/forms/d/e/1FAIpQLSfcj9IyXu3m7m4z3_m_Y5hHZU85wp9iKpNznqWEuzYH ccLCig/viewform)

Will dig out the details on my modest holding of this kennel dweller and then join in the survey - thanks for sharing the link.,

[haewai]

"Phil Goff said he is happy to align with ministerial pay cuts of 20 per cent for the next six months. His annual salary is $296,000, meaning a 20 per cent reduction over six months would see him lose $29,600 before tax."

Wow. So the mayor of Auckland is only paid $296k and happy to take a 20% pay cut.
How much is NTLs CEO earning again?
Unbelievably, not even a Covid-19 update.
Meanwhile, another tumbleweed blows by...

To be fair, the offer doc last year noted a target to reduce corporate overheads by 20%. It's hard to track performance on this though as corporate costs have bounced around in quarterly cash flow reports

I just want to see plans being met, including lodging of the resource consent application (going on four months late), publishing of the resource estimate for Talisman (several weeks overdue) and processing through the pilot plant (as committed to in the SPP offer). I also don't want to see the next quarterly report half filled with schematics and output results of the pilot plant, yet again.

[Ltw]

Sorry I had an Error I will repost

[whatsup]

Thought I'd share a little research.
The below give the differences between year end march 2019
Vs year end march 2020. of note Matt Hills placement of the top 20
2019 = 4 vs 2020 = 6th
There is a bit more i info i can pull up but that will do for now.
interesting that the top 20 share holders have increased there holdings
what i would call substanually......

Year end 19 Vs Year end 20




Top 5 shareholders
Increased total holding by:
172,880,640



1 holder decreased by
-10181819



increase of
15%



Top 20 Shareholders
Increased total holding by:

244,262,525





3 holders total decreased
-25321816









Increase of
18%



Increased holding
9



Decreased Holding
3



No Change
8




and don't forget that at the end of June the 1/6 loyalty share increase from the last SPP kicks in.

[Antipodean]

How much is NTLs CEO earning again?


2019 $415,000.00
2018 $360,000.00
2017 $356,000.00
2016 $187,833.00
2015 $230,000.00
2014 $254,424.00

$1,803,257.00

[haewai]

2019 $415,000.00
2018 $360,000.00
2017 $356,000.00
2016 $187,833.00
2015 $230,000.00
2014 $254,424.00

$1,803,257.00


And yet in the 2015 annual report: Following on from the successful capital raising in November the Directors instigated a number of cost saving measures including reductions in both executive and Directors fees.

Didn't last long.

[Landyman]

2019 $415,000.00
2018 $360,000.00
2017 $356,000.00
2016 $187,833.00
2015 $230,000.00
2014 $254,424.00

$1,803,257.00

2016 to 2017 -thats one heck of a jump!!!

[dubya]

2019 $415,000.00
2018 $360,000.00
2017 $356,000.00
2016 $187,833.00
2015 $230,000.00
2014 $254,424.00

$1,803,257.00



And yet in the 2015 annual report: Following on from the successful capital raising in November the Directors instigated a number of cost saving measures including reductions in both executive and Directors fees.

Didn't last long.

Oh...and with all that money he didn't even take part in the last capital raising.
He's probably sitting at home during the lockdown, still drawing about $8,000 per week, reading all these comments, and laughing his head off!!!

[steveb]

I just checked the covid wage subsidy,and it looks like they have not claimed,surely you can still claim if you are losing money.

The prime minister only gets 56k more than matt,but if you take off the 47k cut she is volunteering its about the same

[nztx]

I just checked the covid wage subsidy,and it looks like they have not claimed,surely you can still claim if you are losing money.

The prime minister only gets 56k more than matt,but if you take off the 47k cut she is volunteering its about the same

Difficult to see a 30% Revenue or perceived expected reduction with this one

may be the reason why they haven't claimed the subsidy

[Brain]

The quarterly report should be out at the end of this month. If NTL haven’t made progress then the shareholders are going to be angry and quite rightly so. My guess is less than 100 shareholders other than the Hills control this company so the shareholders do potentially have a lot of power if they were to organise themselves.

Gold now at $2900/oz

[clip]

Difficult to see a 30% Revenue or perceived expected reduction with this one

may be the reason why they haven't claimed the subsidy

They probably know revenue will increase with the next cap raising.. lol

[Ltw]

My first post had a error sorry - so I'll repost.
Thought I'd share a little research.
The below information gives the differences between year end march 2019
vs year end march 2020.

For the year end March 2020:
Top 5 shareholders
Total of the 5 increased share holdings by: 172,880,640 shares
Top 5 Increased share holdings by 15%
New holders added to the top 5 2
Increased holding 4 (includes 2 new)
1 holder decreased by -10,181,819
Top 5 control 22.5%
Top 5 total shares 603,968,227

Top 20 Shareholders
Total of 20 Increased holding by: 166,658,724 shares
3 holders total decreased -25,321,816 shares
Increase of 18%
New holders to the top 20 4
Increased holding 9
Decreased Holding 3
No Change 8
Top 20 control 37%
Top 20 total shares 1,001,828,531

Notes:
In 2019 Matthew H. was 4th in 2020 he is now 6th
If these increases were part of the SPP it was a $1.125m increase in investment. The mine can't be looking to bad!
Interestingly I increased my investment by a similar % I hope it was a good decision, certainly makes you feel better when others who have a lot more skin in the game increased done the same thing

I know its like watching paint dry at times waiting for updates but each update will carry a cost and as long as money been used is adding value I'm Ok with that.
I believe we are seeing that be it slow things are progressing.

How many times have you heard of company's
Rushing to buy something that doesn't work
Buying something it because it was the cheapest and not fit for purpose
rushing to get a document out that's not worth the paper is written on
These are all very common mistakes that waste a lot of company money


Given that the top holders are increasing there holdings, (and I'm sure they are keeping the pressure on Matt and the team) and the price of Gold continues to rise with no end in sight wouldn't you think this is a good indicator??

[Ltw]

11322
Price of Gold as @ 9am this morning getting closer and closer to 3k

[Landyman]

Seems AIR (AirNZ) found their own gold mine today, share price rocketing!!

[dubya]

I guess someone was reading yesterday's posts on this thread!!

https://www.nzx.com/announcements/351851

[haewai]

Have to take their word on it, but given the lock-down didn't happen until the end of the quarter, I find this excuse a bit average:

As you would be aware the resource estimate review by AMC was due to be delivered Q1 2020, however the impact of COVID-19 has delayed the delivery of the final JORC 2012 review. We now expect this to be delivered by the end of April 2020

Plus only "initial progress" in the resource consent application

No mention of stopping sample processing at the pilot plant, so I assume that just isn't happening

And I'll need to review how long they've been:

finalising the process route at the pilot plant to provide the technical information to allow completion of the design for the larger plant and its construction

[Landyman]

Will be COVID 23 before we see any progress!!

[nztx]

Seems AIR (AirNZ) found their own gold mine today, share price rocketing!!

Who knows .. gold might be unearthed with AIR faster than NTL .. lol

[Joshuatree]

Yep. Quite disgusting. Just a reflection on their incompetency.

I've reposted this link before, but thought I'd do it again. I don't know who's behind it.
So if you're unhappy or disillusioned with the direction of the company and the directors performance, this might or might not gain some traction. :t_up: (I hope it does!!)

https://docs.google.com/forms/d/e/1F...cLCig/viewform (https://docs.google.com/forms/d/e/1FAIpQLSfcj9IyXu3m7m4z3_m_Y5hHZU85wp9iKpNznqWEuzYH ccLCig/viewform)

Might be a stampede to fill in the survey after latest update.

[Ltw]

With a total of
38,130,706‬‬ voting power its pretty marginal lol.

134.6M needed seems that the key moaners are only on here :bored::laugh::) or HC and probably only have small holdings.

[jonu]

Let's assume the JORC Review comes in within 10% of the original figure. To make a ball park calculation, 400,000 ounces. Ignore the silver. Call it margin buffer. Let's also ignore likely upside to JORC once production is underway.

At current gold price NTL are sitting on $800 million profit...that's right...profit. Current M/Cap just under 19 million.

Without doubt there are/have been frustrations...but the gold price is projected to continue to climb. The market backs companies in all sectors that they think will one day make a profit..NTL has been out of favour...and not without reason. I am a long term, long suffering holder. But NTL's time has come. Confirmation of a pathway to production, ie sorting the ore processing will see this stock north of 5 - 7 cents. Do the maths.

[nztx]

Let's assume the JORC Review comes in within 10% of the original figure. To make a ball park calculation, 400,000 ounces. Ignore the silver. Call it margin buffer. Let's also ignore likely upside to JORC once production is underway.

At current gold price NTL are sitting on $800 million profit...that's right...profit. Current M/Cap just under 19 million.

Without doubt there are/have been frustrations...but the gold price is projected to continue to climb. The market backs companies in all sectors that they think will one day make a profit..NTL has been out of favour...and not without reason. I am a long term, long suffering holder. But NTL's time has come. Confirmation of a pathway to production, ie sorting the ore processing will see this stock north of 5 - 7 cents. Do the maths.

Credit where credit is due -- harvesting gold from the captive shareholder audience to keep the tin cart moving (abeit slowly) has been perfected ..

[jonu]

Credit where credit is due -- harvesting gold from the captive shareholder audience to keep the tin cart moving (abeit slowly) has been perfected ..

Something wrong with my maths nztx? Do you think they never intend to mine?

I'm not happy with the slow progress. OGC mothballing buggered them up big time I think. But slow progress, excruciatingly slow as it has been, is being made. And the gold aint going to disappear. The rising gold price is adding cream every day.

[Meister]

I am a long term, long suffering holder. But NTL's time has come.

The time has come, but the company isn't here to meet it. You are not wrong about the possibilities but this is getting so far overdue, with such poor communication, that I am quite disgruntled.

I dont know that I trust to put all my details into some random online form with no clear owner, but this company needs to get a serious move on. It has been bleeding my cash for years with so little to show for it, communication is truly terrible.

It is that awkward position where you have to try to balance the potential rewards against all the negatives, and unfortunately (or fortunately) I agree with you that the potential upside is enough... just... to keep me here. But this is no longer a case of 'patience, everything will be just fine', it's 'how much value can management bleed out of us before we get there', and that sucks.

You appear to be an optimist Jonu, but you have said yourself you will be quite upset if this next report fails to hit the right milestones. It i looking like it is going to be missing them to me.

[nztx]

Something wrong with my maths nztx? Do you think they never intend to mine?

I'm not happy with the slow progress. OGC mothballing buggered them up big time I think. But slow progress, excruciatingly slow as it has been, is being made. And the gold aint going to disappear. The rising gold price is adding cream every day.

Not at all .. the maths is VG

[Ltw]

Meister- finally someone who sounds like they could be a holder of a reasonable portion of shares
i have ask the question before of some of our negative posters not of how many but if they actually hold and I suspect they do not or if they do it is of little interest or they brought at the peak and now feel burnt.
Jonu like myself have done our own research/homework and now feel a lot more comfortable with where things are at I have suggested others to do the same but it seams easier to just sit on the sidelines and throw stones.
In 12-18months time I will be more than happy to take a stoning if things are as they are now but if like Jonu says we are at 5-7 cents a share possibly more I know I will be having one hell of a party.

[Rosco]

Meister- finally someone who sounds like they could be a holder of a reasonable portion of shares
i have ask the question before of some of our negative posters not of how many but if they actually hold and I suspect they do not or if they do it is of little interest or they brought at the peak and now feel burnt.
Jonu like myself have done our own research/homework and now feel a lot more comfortable with where things are at I have suggested others to do the same but it seams easier to just sit on the sidelines and throw stones.
In 12-18months time I will be more than happy to take a stoning if things are as they are now but if like Jonu says we are at 5-7 cents a share possibly more I know I will be having one hell of a party.

I hold. Only 650,000 shares which cost me .013 in 2013. Am I happy? No way, I'm angry.

I didn't invest my money in 2013 for my investment to be worth half the amount it is today. I also didn't invest my money with the realisation that my 'share' of the company would be a quarter of what it is today. Aswell I didn't invest my money with the expectation that 8 years later there still would be no mining. You cannot tell people to be patient when they have already been burnt.

Investing in an exploration company carries inherent risk, we all know that. However missed deadline after missed deadline, capital raises that are meant to carry us through to production ... and never do. That's why there are so many angry holders on here and HC.

How are you going to feel when the next capital raise comes through? .004 a share perhaps? Your holding being diluted away to nothing in front of you unless you sink more money into it?

[ziggy415]

But this time it's out of our control," covid 19" caught many businesses like ours by surprise...lol, I can see the excuses already....starting to sound like Chris Castle at aorere and Chatham rock