NTL - New Talisman Mine - New board & Directors

[robbo24]

Not to mention the 6 million bids at 0.9 cents that appeared today :D

[jonu]

If nothing else, NTL owns 19% of BPL:ASX with an MCAP of $5.5m AUD.

NTL has NTA/Share of 3.91 cents.

The JV, if announced, is unaffected by the judicial review.

Price of gold is ticking up a bit, and NTL would still be profitable at $1000USD per ounce.

NTL has been dormant a long time but the sleeper will awaken... :D

Good points Robbo. It's easy to focus only on the NZ operation. Having said that it will be the cash provider initially.

[jonu]

Hmmm, looks like we might need another round of "Dear Sue " letters to jolly things along. This stock just needs to make good on the timeframes they indicated earlier with the JV and it's up and away. Thoughts anyone?

I had also wondered once Newmont had a good look at every thing as to whether they might muscle in on the lot. At current prices it is well under value considering the Rahu extension. Any thoughts on what premium to the current price a bigger player would pay?

[robbo24]

Hmmm, looks like we might need another round of "Dear Sue " letters to jolly things along. This stock just needs to make good on the timeframes they indicated earlier with the JV and it's up and away. Thoughts anyone?

I had also wondered once Newmont had a good look at every thing as to whether they might muscle in on the lot. At current prices it is well under value considering the Rahu extension. Any thoughts on what premium to the current price a bigger player would pay?

"Dear Nick..."

[jonu]

Ahh Robbo, that doesn't quite cut the mustard!

[robbo24]

Ahh Robbo, that doesn't quite cut the mustard!

I was there when it all began... http://www.sharetrader.co.nz/showthread.php?8988-NTL-New-Talisman-Gold-Mines-worth-a-look/page40

:D

[bucko]

Has anyone heard anything?

I feel like we have been in the dark without a promised announcement for far too long now

The last announcement was 30th Jan, just waiting on approval to construct a road for heavy vehicles before full operation could begin, was this approved?

[robbo24]

Has anyone heard anything?

I feel like we have been in the dark without a promised announcement for far too long now

The last announcement was 30th Jan, just waiting on approval to construct a road for heavy vehicles before full operation could begin, was this approved?

Quarterly activities report is due soon. NTL is probably just working on their day to day business. There's not much point making good announcements with all the commies around.

[epithermal]

If anyone has copies of all the commentary made by Good as Gold "GAG" which was quite inflammatory and defamatory against the company please email to nimbynutters@gmail.com as i would like to send these to the company.

[BigBob]

While we wait for today's quarterly, here's a snippet from Oceana Gold's MDA...:

Newmont Letter of Intent
Subsequent to the quarter end, the Company has signed a non-binding Letter of Intent (“LOI”) with Newmont Mining Corporation (“Newmont”) to acquire Newmont’s Waihi Gold Mine (“Waihi”) in New Zealand for US$101 million in cash plus customary adjustments. Newmont will also retain a 1% Net Smelter Royalty for gold ounces mined from one specific exploration tenement capped at 300,000 ounces of production. The proposed transaction is subject to completion of comprehensive due diligence, execution of a definitive acquisition agreement, Board and regulatory approvals and other customary closing conditions.

The Waihi Gold Mine is a high-quality asset with first quartile AISC in a low-risk jurisdiction of which the Company has a strong understanding. The Waihi Mine has had a long, rich history of operations with Newmont’s world-class operating systems and over its 27 year history, the operation has successfully expanded its reserves. Waihi currently sits within a highly prospective goldfield representing significant upside potential that can be unlocked through resource drilling.

As part of the potential transaction, the Company has received highly confident letters from its banking syndicate to increase its revolving credit facility to US$225 million. The acquisition will be financed solely through cash and debt from this revolving credit facility.

Now who was that speculating about a tie-up between NTL and OGC....??

[robbo24]

Now who was that speculating about a tie-up between NTL and OGC....??

Probably just a far fetched comment by Moosie/BFG at one time or another.

NTL quarterlies are due today, yes? :D

[Antipodean]

Yes quarterlies should be out today, 30th of July/Oct/Jan/Apr/...

[bucko]

good news

https://www.nzx.com/files/attachments/212135.pdf

[Antipodean]

https://nzx.com/companies/NTL/announcements/263715

https://nzx.com/companies/NTL/announcements/263714

Costs down, independent review of water effects supports company position, looking good from here.

Disc: Holding

[robbo24]

I'm interested to see more specific details of the gold they got from the ore stockpile this time around :D

With an MCap of 7m NTL seems a little bit undervalued to me.

People will be a little bit spooked by the judicial review of the decision not to publicly notify of NTL's consent application, however this is certainly not anywhere near as serious as (for instance) CRP's application to the EPA :D

Was it Woodward Partners who said gold juniors/developers could be a ten-bagger in 2015? :D

[robbo24]

1/5/2015 — Gold
Trial treatment of New Talisman ore continues (http://webcache.googleusercontent.com/search?q=cache:VX1R92K5g88J:www.nzresources.com/showarticle.aspx%3Fid%3D7137%26guid%3D30007137+&cd=1&hl=en&ct=clnk&gl=nz)
By Ross Louthean

Aspiring North Island gold miner New Talisman Gold Mines Ltd (NZX & ASX: NTL) said it has had more ore from its historic Talisman mine at Karangahake crushed, sampled and processed.

The March quarter report released yesterday said that gold ore treated offsite contained an average grade of greater than 1 ounce gold to the tonne and 53.7 oz/t silver.

Without providing great detail, the report said revenue from sale of ore was some $NZ130/oz more than the last batch with a value of $NZ1,645/oz.

Funds gained have been reinvested in the Talisman mine development and New Talisman said it had further stockpiles which it intends to have processed in coming months.

While the company handling this was not named it would have been Newmont Waihi Gold which has the gold plant at nearby Waihi. New Talisman has spent at least the past year cultivating a relationship with Newmont Waihi and, in coming months, will have to ensure a rapport remains with the Waihi operations being sold to OceanaGold Corporation (TSX, ASX & NZX: OGC).

That scenario may also relate to New Talisman’s plan to advance exploration on the Rahu permit which is considered analogous with gold mineralisation mined and identified at Karangahake.

New Talisman said that during the quarter environmental group Protect Karangahake lodged an application for a judicial review of consents granted by Hauraki District Council (HDC) for the Talisman project.

“NTL intends to vigorously defend the action and has engaged Simpson Grierson as counsel,” the company said.
“It is important to note the application for a judicial review has had no impact on the current consents and upon completion of the TMP (tariff management plan), NTL will continue to advance the bulk sampling project.”

In response to correspondence from Protect Karangahake, Waikato Regional Council engaged an independent expert to review the water treatment plans for New Talisman’s sampling project. The findings outlined the misunderstanding of the group’s own specialist and the group has since withdrawn its position on the matter.

New Talisman executive director Matthew Hill commented: “We have continually stated that there will be no measurable effects on water as we had developed a water management plan in conjunction with the bulk sampling project plan late last year and will not be discharging any water into the river system.

“This has now been independently confirmed. We accept that without any mining knowledge concerns may be raised and we have continually approached the group concerned to allay and discuss these matters, to date. However, the group remains unwilling to do so”
New Talisman said that the Rahu prospect had attracted the interest of a significant mining company.

The company continues the process of acquiring a significant amount of historical data on the Talisman mine, some dating back to initial mining in the 1880s. Plans and accompanying data sets will be invaluable in assessing the potential for additional resources and to assist in long term mine planning.

“There are indications within the dataset suggesting some higher grade zones not previously considered within the old workings. It is expected the acquisition will be complete in the next few weeks.”

New Talisman said the pre-feasibility study on the combined Talisman and Rahu project was underway, and data from bulk sampling will provide the required information to complete a bankable feasibility study.

[robbo24]

New Talisman Gold Mines advances development of New Zealand gold mine (http://www.proactiveinvestors.com.hk/stock_news/9284-new-talisman-gold-mines-advances-development-of-new-zealand-gold-mine.html)
2015-04-30 by Proactive Investors

New Talisman Gold Mines (ASX:NTL) continues to advance the development of its Talisman mine in New Zealand with the completion of a comprehensive survey for submission of a revised Traffic Management Plan in the March 2015 Quarter.

The company has also crushed, sampled and processed further ore from the mine.

Other stockpiles are currently being assessed for removal and processing under the existing consents.

A number of cost saving measures including reductions in both executive and board fees have been instigated.

New Talisman has also applied for an extension of land over the Rahu area, which is generally contiguous with the Talisman permit mineralisation.

Change of Conditions to Talisman Permit granted

The company has been formally granted by New Zealand Petroleum and Minerals (NZPAM) the Change of Conditions applied for in mid-2014.

These take into consideration the further definition of resources during the bulk sampling phase, which replaces the previous drilling requirement as well as providing for extension of time for production.

[jonu]

I like the part about Rahu attracting the interest of a "significant mining company". All extremely promising. I would say Mr Hill has been very restrained in his description of "Protect Karangahake". You have to wonder about the so called expert "Protect K" had hired if he didn't understand the water management plan.

[robbo24]

I like the part about Rahu attracting the interest of a "significant mining company". All extremely promising. I would say Mr Hill has been very restrained in his description of "Protect Karangahake". You have to wonder about the so called expert "Protect K" had hired if he didn't understand the water management plan.

Just another expert witness doing the rounds. Sometimes they pop up on either side of the argument :D

[digger]

[QUOTE=robbo24;570439]Just another expert witness doing the rounds. Sometimes they pop up on either side of the argument :D[/QUOTE

Yes indeed they do,but you have to admit the money is good.

[Landyman]

SP hasnt moved much :-(

[robbo24]

Welcome to our new neighbours, OGC, here's a map of our respetive houses: 7339

As Moosie would say:

[OGC] need high grades to keep AISC down and need to keep NZ operational. Perfect opportunity to do so after moving on from the South Island.

[Antipodean]

SP hasnt moved much :-(

Patience, all good things take time.

[Landyman]

Patience, all good things take time.

True, however NTL seem to be operating too close to a black hole, their perception of time differs greatly to their investors. :-)

[Landyman]

Patience, all good things take time.

True, however NTL seem to be operating too close to a black hole, their perception of time differs greatly to their investors. :-)

[Landyman]

Preliminary Final Report? Today? We are in the money? World hunger is solved? Babies round the world have stopped crying?

Its Friday, and its all happening

[silverblizzard888]

Depends, it was a pretty big cash spend with half a million left, but nice to know revenue is coming in even if it won't cover the cost. Lets hope spending will be lower to achieve full production or another cap raise will really test my patience.

[robbo24]

Depends, it was a pretty big cash spend with half a million left, but nice to know revenue is coming in even if it won't cover the cost. Lets hope spending will be lower to achieve full production or another cap raise will really test my patience.

The judicial review hearing is coming up soon. I don't imagine the judgment will be a big one, if it even gets that far :D

[Baa_Baa]

Heads they win tails you lose, odd that the newbie alert system isn't all over this dog like a pack of fleas. 15 years is a long time between drinks, except for the share traders who patiently ramp the company looking for another scalp. Meanwhile the black hole sucks in every last gullible cent and spits out, nothing. A shell in the making.
7376

[robbo24]

Heads they win tails you lose, odd that the newbie alert system isn't all over this dog like a pack of fleas. 15 years is a long time between drinks, except for the share traders who patiently ramp the company looking for another scalp. Meanwhile the black hole sucks in every last gullible cent and spits out, nothing. A shell in the making.


I don't think NTL is really a trader's stock - there's not the volume or price range for it. So I must respectfully disagree with your analysis here Baa_Baa.

NTL is just a few tumbleweeds and those out there looking for a stock that could very well be undervalued at this point in time.

DYOR :D

[Baa_Baa]

18/12/2012
.. snip .. Maybe you should spend time on some stocks which actually deliver increased shareholders' wealth? Wise words.

Alaska Gold Discovery, with respect, is a good TV program but not a good reason to buy a depressed NZ gold mine. Fast forward 2.5 years, the SP is the same, though some share traders who are nimble and patiently build interest in NTL, sussing out and grooming their buyers, will have enjoyed a 100% ROI and two 50% moves as well.

[robbo24]

18/12/2012 Wise words.

Alaska Gold Discovery, with respect, is a good TV program but not a good reason to buy a depressed NZ gold mine. Fast forward 2.5 years, the SP is the same, though some share traders who are nimble and patiently build interest in NTL, sussing out and grooming their buyers, will have enjoyed a 100% ROI and two 50% moves as well.

I didn't know you held the words of Balance in such high regard.

He or she posts on many different stocks, you might benefit from looking at his/her posts on other stocks too :D

Meanwhile, NTL will just keep ticking over and plodding along. There's nothing sexy about it, nor does the company try to make it seem as such :D

[digger]

I didn't know you held the words of Balance in such high regard.

He or she posts on many different stocks, you might benefit from looking at his/her posts on other stocks too :D

Meanwhile, NTL will just keep ticking over and plodding along. There's nothing sexy about it, nor does the company try to make it seem as such :D


NTL probably will not do much until the court case or cases are behind us and we get a lift in gold price. From what I understand NTL still needs money to get production in full swing and a lift in gold price will bring out the deep pockets to make that happen. In the meantime I guess the company will just tread water.

[digger]

My computer shows no buy or sell listed for NTL in NZ but sell and buy from Aus. What do others find?

[robbo24]

My computer shows no buy or sell listed for NTL in NZ but sell and buy from Aus. What do others find?

NZX hides buys/sells over the weekend. ASX does not.

[digger]

NZX hides buys/sells over the weekend. ASX does not.

Thanks robbo24 for your comment,but it just skirts around the question. You see all day Friday it was the case that there was no buy or sell for NTL and what I am asking is does this also turn up on other computers.

[jonu]

Thanks robbo24 for your comment,but it just skirts around the question. You see all day Friday it was the case that there was no buy or sell for NTL and what I am asking is does this also turn up on other computers.

I was able to see depth on Friday, but there weren't any trades. From memory 655k bid at 0.9 and 1.45million ask at 1. The volume on ask above 1 has thinned this week. Very few below 1.5

[robbo24]

Does anyone want to enter the Protect Karangahake's Arty Bra competition? http://www.protectkarangahake.org.nz/events/

Oh the wonderful fun that WINZ beneficiaries can come up with! :D

[digger]

I was able to see depth on Friday, but there weren't any trades. From memory 655k bid at 0.9 and 1.45million ask at 1. The volume on ask above 1 has thinned this week. Very few below 1.5

Thanks jonu, must be something with my computer.

[robbo24]

Does anyone want to enter the Protect Karangahake's Arty Bra competition? http://www.protectkarangahake.org.nz/events/

Oh the wonderful fun that WINZ beneficiaries can come up with! :D

Interesting to see LJ Hooker Waihi is sponsoring the anti-NTL event. Might have to rile up LJ Hooker Waihi in my spare time.

[Landyman]

PLACE: NTL: NTL Signs Term Sheet with Chinese Investor

[bucko]

Is this good or bad in the short term?

Yes investor to start work is great but the shares are going to be diluted somewhat?

[bucko]

https://nzx.com/files/attachments/214665.pdf

more capital raising, issue price of 0.7 cent

[Antipodean]

Any issue of new shares results in a dilution overall - there are simply more shares on register. If you are a current holder and you top up then your percentage holding may not dilute, however if you do not top up then the new shares issued to other parties means you effective hold less % of the company.

The short term impact will most likely depress the price, why would you buy on market for 0.9/1.0 when you know shares are being issued for 0.8 and 0.7? No brainer for current holders (unless you want/need more than $15k) - non-holders will need to consider if the diluted shares still offer value at the market price.

That being said, an overseas investor willing to put $1.46m into the venture after due diligence and a detailed review is a big vote of confidence from that investor. Opening up potential JV's could be (sorry for the pun) a gold mine.

Disc: holding.

[Landyman]

My offer is going on for shares at 0.6 (well its worth a try), then will take the 0.7 too.

[robbo24]

Any issue of new shares results in a dilution overall - there are simply more shares on register. If you are a current holder and you top up then your percentage holding may not dilute, however if you do not top up then the new shares issued to other parties means you effective hold less % of the company.

The short term impact will most likely depress the price, why would you buy on market for 0.9/1.0 when you know shares are being issued for 0.8 and 0.7? No brainer for current holders (unless you want/need more than $15k) - non-holders will need to consider if the diluted shares still offer value at the market price.

That being said, an overseas investor willing to put $1.46m into the venture after due diligence and a detailed review is a big vote of confidence from that investor. Opening up potential JV's could be (sorry for the pun) a gold mine.

Disc: holding.

The Chinese guy is paying 0.8 cents.

Current holders paying 0.7 cents.

Good for NTL, get that money.

[Antipodean]

The Chinese guy is paying 0.8 cents.

Current holders paying 0.7 cents.

Good for NTL, get that money.

Yes I agree - good to see the current shareholders are getting a price that is as good or better than a new large investor rather than the other way around.

[robbo24]

Yes I agree - good to see the current shareholders are getting a price that is as good or better than a new large investor rather than the other way around.

I read this the other day and thought of NTL.

http://www.zerohedge.com/news/2015-06-04/whos-next-china-finally-starts-snapping-gold-miners

[Antipodean]

Annoying.



Trade
Number (s)
Time
Last Traded
Price
Volume
Change
Value
Number
of Trades


1
10:00:22 am
0.8
3,000

$24
1

[bucko]

watch out we have a big spender here!...potential take over isit?

[Antipodean]

Heh yeah. Another stunner at 12:19pm. 20,000 @ 0.7 for $140. Someone wants the price to appear low - don't be fooled.

[Antipodean]

Judicial Review Proceedings Discontinued4:05pm, 11 Jun 2015 | GENERAL
https://nzx.com/companies/NTL/announcements/265557 (https://nzx.com/companies/NTL/announcements/265557)

[silverblizzard888]

Judicial Review Proceedings Discontinued

4:05pm, 11 Jun 2015 | GENERAL


https://nzx.com/companies/NTL/announcements/265557 (https://nzx.com/companies/NTL/announcements/265557)



Victory against these greens! Woohoo!

[robbo24]

Judicial Review Proceedings Discontinued

4:05pm, 11 Jun 2015 | GENERAL


https://nzx.com/companies/NTL/announcements/265557 (https://nzx.com/companies/NTL/announcements/265557)



I hope the Arty Bra competition can raise enough funds to cover NTL's costs.

I wonder how they will rebut the presumption that costs go against the continuing party? :D

[robbo24]

I hope the Arty Bra competition can raise enough funds to cover NTL's costs.

Just in case anyone was concerned, the Arty Bra competition will be going ahead as planned.

I checked the PK Facebook page and some guy called Steve asked if it was going ahead - it is.

[Brain]

Just in case anyone was concerned, the Arty Bra competition will be going ahead as planned.

I checked the PK Facebook page and some guy called Steve asked if it was going ahead - it is.

Thats good. all the time that I have spent thinking about the design of a gold leaf bra with miniature gold bars hanging from the nipples may not go to waste.

[robbo24]

So NTL has:

(1) Cash
(2) Lawful authority to carry out their plans
(3) Joint venture upcoming
(4) Stockpile

Shares on offer at 0.8 cents, entry point of our new investor.

How long will they last? :D

[robbo24]

There goes 1m+ shares at 0.8c... Is this the Chinese friend-group or just a few investors probing around on NTL? :D

[robbo24]

Victory against these greens! Woohoo!

I wonder if the Red Threat have paid costs to the defendants (HDC and NTL) yet?

After all, the presumption is that the discontinuing party must pay costs (http://legislation.govt.nz/act/public/1908/0089/latest/DLM1819286.html).

Seeing that HDC and NTL did not change their position (and the judicial review proceedings were totally without merit) it follows that the PK group will be liable for costs. Lots, hopefully.

:D

[digger]

I wonder if the Red Threat have paid costs to the defendants (HDC and NTL) yet?

After all, the presumption is that the discontinuing party must pay costs (http://legislation.govt.nz/act/public/1908/0089/latest/DLM1819286.html).

Seeing that HDC and NTL did not change their position (and the judicial review proceedings were totally without merit) it follows that the PK group will be liable for costs. Lots, hopefully.

:D

robbo24, I dout that they would as it is mostly the HDC that they were going to take to court. The councils usually see this sort of action as the cost of democracy.

[digger]

Anyone got any feeling as to when we can start the bulk sampling? Like are we still waiting on some consent or govt approval?

[robbo24]

robbo24, I dout that they would as it is mostly the HDC that they were going to take to court. The councils usually see this sort of action as the cost of democracy.

They named NTL on the statement of claim, they live with the consequences. HDC should also be seeking costs :D

[robbo24]

So NTL has an MCAP of about $6m. Fair enough, it's not doing all that much at this very second.

But seeing as they are soon to begin their bulk sampling programme I did some sums on a scrap piece of paper I have.

A = $1726 (Price of gold in NZD)
B = 600 (Bulk sampling ore ton per month)
C = 1.5 (Ounces of gold per ton. Alternatively, D = up to 32 in some of the crazy-rich areas)

A*B*C*12months = $18,640,800 (A*B*D*12months = $397,670,400 :D)

In the loosest sense let's give NTL a very reasonable MCAP of 4 times revenue = $74,563,200...

Viola, 10 cents a share :D

Haven't even added the silver (3:1 ratio with gold if I remember correctly) or the potential JV at Rahu yet... Or the holding in Broken Hill on the ASX...

Now that the judicial review has been dropped the bulk sampling process is getting closer to beginning. How long until Worksafe sign it off? :D

[robbo24]

jeez robo what have you been smoking today.
Highly unusual to value a mining company on revenue multiples....that's usually saved for high growth tech stocks.
Furthermore why would one consider a 4 x revenue MCAP as reasonable when you can buy many profitable gold miners on the ASX for 0.5 x revenue MCAP.

Examples please Snappo? (with cost per ounce would be ideal too, as you'll see below :D)

So NTL is profitable at $1000USD per ounce.
That leaves $200USD per ounce profit.
$200/.69=$289.85
$289.85*600*1.5*12=$3,130,380
$3,130,380*25 (multiple of cash flow, as per below) = $78,259,500
$78,259,500/[731,421,325, number of shares] = 10 cents a share

What do you say to Kenneth J. Gerbino in his article 12 Guidelines for Buying Gold Mining Stocks (http://www.kengerbino.com/articles/12guidelines.html):


A key stat is cash flow per share if the company is already a producer. Large gold mining companies can sell for 15-20 times cash flow in a good gold market. Mid-tier and smaller producers can sell for 25-35 times current cash flow because of expected cash flow increases, from new mines coming on stream. In this case the market is anticipating the future. Beware high cost producers selling at high multiples of cash flow, as they will get hit very hard if gold has a set back.

I jus simplified the equation for you... 4x revenue, all day long snappy.

[digger]

jeez robo what have you been smoking today.
Highly unusual to value a mining company on revenue multiples....that's usually saved for high growth tech stocks.
Furthermore why would one consider a 4 x revenue MCAP as reasonable when you can buy many profitable gold miners on the ASX for 0.5 x revenue MCAP.

Yes snapiti .5 x revenue is more like it so just divide the 10cents a share by 8 and you get a SP of 1.25 which sounds about right for an immediate target. 2 cents a share should be achievable once you consider the other assets that robbo24 has pointed out.
The thing I want to get clear is this offer to buy more shares at .7cents a given that this chinese investor will buy 1.25 million at .8 cents,or is this just TALK?

[robbo24]

The thing I want to get clear is this offer to buy more shares at .7cents a given that this chinese investor will buy 1.25 million at .8 cents,or is this just TALK?

I've already got my SPP application form filled out :D https://www.nzx.com/files/attachments/214665.pdf

The offer booklet is a good read, lots of wonderful pictures of trucks and things.

It's not talk, it closes in a week...

[robbo24]

And the agreement with the Chinese investor at 0.8c is binding subject to documentation and ASX/NZX requirements... Nothing too over the top there: https://www.nzx.com/files/attachments/214653.pdf

[robbo24]

[QUOTE=robbo24;577491]Examples please Snappo? (with cost per ounce would be ideal too, as you'll see below :D)

examples are not hard to find
BDR....... MCAP $150m revenue $270m
TRY....... MCAP $104M revenue $190m
RSG....... MCAP $212M revenue $520m

all profitable and you don't have to look far for many more examples

Indeed snappy, but cash flow is key no? What's their cost per ounce brah?

[robbo24]

[QUOTE=robbo24;577505]
I take it your $1000 USD cost of gold for NTL per ounce is only the production cost and no the AISC.
It must be as you do not have all the ASIC figures to work with....correct?

https://www2.nzx.com/companies/NTL/announcements/235336

Phase 1 development of Talisman mine to deliver cash surplus of NZ$23.4 million
Robust C1 cash cost of US$588/oz and C3 Cash cost of US$1075/oz – well below current prices

[robbo24]

So here's my point....... you think NTL would be reasonably priced at 4 x earnings given a AISC of $1075 USD per oz.
I say, given the following examples, why would you buy NTL.

BDR.... MCAP $150m revenue $270m .......market cap = 0.55 x revenue...... AISC $615 USD fy 2014

TRY.... MCAP $104M revenue $190m....... market cap = 0.54 of revenue...... AISC $1140 USD fy 2014( company outlook due to new mine opening $980)

RSG..... MCAP $212M revenue $520m......market cap = 0.40 of revenue..... ASIC $1130 USD FY 2014.

I am sure there are better examples but these are the companies I follow.
Of course there is so much more to valuing a gold miner.....life of mine and confirmed gold resources come to mind.
More importantly how proven management is in keeping production costs down as the industry suffers badly from cost over runs.

Margin is important, yes? For purposes of calculating cash flow?

Do you use multiples of cash flow to value things? :D

[robbo24]

NTL margin = 1739 - 1558 = $181 ??

Bulk sampling = $181 * 32200 ounces / 5 years = $5,828,200 profit per year?

[robbo24]

looks good on paper.:eek2:

Very interest snappo - thank you, will keep playing with myself

[robbo24]

TRY.... MCAP $104M revenue $190m....... market cap = 0.54 of revenue...... AISC $1140 USD fy 2014( company outlook due to new mine opening $980)

So I'm looking at page 52 onwards of the last TRY annual report (http://www.asx.com.au/asxpdf/20141027/pdf/42t6394t893msy.pdf)... Seems there are some differences between TRY and NTL that might suggest why NTL might deserve a different "ROBBO24 REVENUE MULTIPLIER" than TRY.

I will ponder this further.

(The $59,000,000 loss for the '14 FY seems something to consider first up... EPS of negative 34 cents... Total liabilities of $100m... I don't claim to be an accountant but NTL, in its small scale endeavour, seems to be in a different position from TRY at least...)

[jonu]

So I'm looking at page 52 onwards of the last TRY annual report (http://www.asx.com.au/asxpdf/20141027/pdf/42t6394t893msy.pdf)... Seems there are some differences between TRY and NTL that might suggest why NTL might deserve a different "ROBBO24 REVENUE MULTIPLIER" than TRY.

I will ponder this further.

(The $59,000,000 loss for the '14 FY seems something to consider first up... EPS of negative 34 cents... Total liabilities of $100m... I don't claim to be an accountant but NTL, in its small scale endeavour, seems to be in a different position from TRY at least...)

I don't follow the stocks Snapiti mentioned either, but I suspect there are some fundamental differences. I'm really interested in how OGC might play out with NTL. Buying out Newmont in NZ gives them an up close view into the processing and they will also no doubt be sniffing around the Rahu prospect. It all looks a very tidy fit for them.

[robbo24]

lol....there is a heap of difference between them.....for a start TRY are actually in production and have been for a very long time.
jeez I am not interested in going long any gold stock.....I research them for totally different reasons.:)

I doubt anyone provides a shorting facility for NTL so you're out of luck I'm afraid snappi..

[Baa_Baa]

Has NTL got any gold? Or are we hopefully relying on an April 2013 assay report? Proven, Probable and Possible seems a good place to start.

Proven, oh, not so good, maybe the old guys dug it up already?
Probable, a whopping 1.5 oz per T from the 'stockpile', which will be sold into into a generational declining gold price market with no sight of the bottom. Unlikely revenues from gold sales will be plowed back into exploration for the;
Possible reserves, that the so far undiscovered seams hold.

Snaps is right, this is a dog compared to the many easily investable producing gold mines, which the smart money is shorting anyway, as you do in a declining commodity market.

[Crackity]

Hi Baa - NTL definitely has gold - a better question is will it be allowed to extract it in any meaningful quantity and if so at what cost.....

[Baa_Baa]

Hi Baa - NTL definitely has gold - a better question is will it be allowed to extract it in any meaningful quantity and if so at what cost.....

Maybe, in the stockpile which is how large?, but not proven in the holdings. And the gold price continues to decline which is the market they sell into, not to return a bonus for investors, but to fund the never ending quest for the golden nugget, which they'll sell into the declining gold market.

Honestly, the only reason for investing in NTL is hoping for good news to spruik the SP which the rampers will be selling in to. If people don't get this they should cut their losses and find something more reliable.

[robbo24]

Has NTL got any gold? Or are we hopefully relying on an April 2013 assay report? Proven, Probable and Possible seems a good place to start.

Proven, oh, not so good, maybe the old guys dug it up already?
Probable, a whopping 1.5 oz per T from the 'stockpile', which will be sold into into a generational declining gold price market with no sight of the bottom. Unlikely revenues from gold sales will be plowed back into exploration for the;
Possible reserves, that the so far undiscovered seams hold.

Snaps is right, this is a dog compared to the many easily investable producing gold mines, which the smart money is shorting anyway, as you do in a declining commodity market.

https://en.m.wikipedia.org/wiki/Mineral_resource_classification

Hey Baa_Baa, here's some reading for you champ.

Once the Chinese and Indians declare their bullion holdongs and the gold market manipulation wears off I'm sure you'll be holding all kinds of precious metals :) Don't you read Zerohedge? :D

Any who, the bulk sampling will realise enough gold to pay for the next phases.

Resource consent for full blown mining will be dealt with long before the now oppositionless bulk sampling comes to an end. Just waiting for that Worksafe announcement now...

Lets go NTL :D

[Baa_Baa]

https://en.m.wikipedia.org/wiki/Mineral_resource_classification

Hey Baa_Baa, here's some reading for you champ.

Once the Chinese and Indians declare their bullion holdongs and the gold market manipulation wears off I'm sure you'll be holding all kinds of precious metals :) Don't you read Zerohedge? :D

Any who, the bulk sampling will realise enough gold to pay for the next phases.

Resource consent for full blown mining will be dealt with long before the now oppositionless bulk sampling comes to an end. Just waiting for that Worksafe announcement now...

Lets go NTL :D

When it comes to gold robber, you're out of your league, with respect. It doesn't matter what you think China or India or any other country is doing, because you don't have any reliable sources of information except google, which isn't reliable. But the most reliable source of information is that the gold price, which is declining as it has been for years, and isn't about to change anytime soon. Anyone who thinks they can take a profitable position in a two-bit non-proven, limited-probable, and hopefully-possible gold mine licence in a declining gold market is just food for a ramper.

[Baa_Baa]

jeez robbo investing in a commodity business can have it's up's and down's but when you are investing in the most manipulated commodity of them all you are taking unnecessary risk.

They just don't get it Snaps. It takes a lifetime to get to grips with Gold (or any other precious metal). You can't expect a baby to make sensible decisions that the experienced have decades of involvement with. You can only point them in the right direction, but they probably won't listen anyway. "Experience is the one thing you can't get for nothing" -Oscar Wilde. My concern is for the NTL holders who hope for a better future, but when it apparently comes in the news, some will be happily selling them their shares!

[robbo24]

When it comes to gold robber, you're out of your league, with respect. It doesn't matter what you think China or India or any other country is doing, because you don't have any reliable sources of information except google, which isn't reliable. But the most reliable source of information is that the gold price, which is declining as it has been for years, and isn't about to change anytime soon. Anyone who thinks they can take a profitable position in a two-bit non-proven, limited-probable, and hopefully-possible gold mine licence in a declining gold market is just food for a ramper.

Oh I thought NTL had proved ore reserves set out in a 68 page JORC compliant report...

I also thought NTL had resource consent to remove 600 tonnes of ore a month and that a baseless judicial review of that consent was recently discontinued...

I also thought NTL could take advantage of the falling USD to offset any declines in the projected gold price from when they prepared the JORC complaint report...

I guess you have more up to date information than me Baa_Baa, please do share :D

[Baa_Baa]

Oh I thought NTL had proved ore reserves set out in a 68 page JORC compliant report...

I also thought NTL had resource consent to remove 600 tonnes of ore a month and that a baseless judicial review of that consent was recently discontinued...

I also thought NTL could take advantage of the falling USD to offset any declines in the projected gold price from when they prepared the JORC complaint report...

I guess you have more up to date information than me Baa_Baa, please do share :D

Yeah sure, hope. It's a proven basis for scalping a profit on slim news in a declining commodity market. Works every time, some will be happy with that, others will consider whether they're the suckers.

[Crackity]

Spectrum was close to my first share investment while at University - and it made me some good speculative money - since then I have followed Chris Castle but not lost any money on his stuff since the end of the last millennium... There is definitely gold in Karangaheke - have a look at the history of the area but I do not think it is an area that the Govt will allow to be mined again - NTL may get to process the tailings - I just can't see them getting the consents to go further.....

[robbo24]

Yeah sure, hope. It's a proven basis for scalping a profit on slim news in a declining commodity market. Works every time, some will be happy with that, others will consider whether they're the suckers.

I know NTL has proved ore reserves set out in a 68 page JORC compliant report... (http://www.newtalismangoldmines.co.nz/wp-content/uploads/2013/09/Ore-Reserves-Definition-%E2%80%93-Talisman-Gold-Project-August-2013.pdf)

I know NTL has resource consent to remove 600 tonnes of ore a month and that a baseless judicial review of that consent was recently discontinued... (http://www.stocknessmonster.com/news-item?S=NTL&E=NZSE&N=265557)

I know NTL will take advantage of the falling USD to offset any declines in the projected gold price from when they prepared the JORC complaint report... (http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Currency&symb=usdnzd&x=44&y=20&time=8&startdate=1%2F4%2F1999&enddate=6%2F23%2F2015&freq=1&compidx=XAU&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=8&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=13)

20,000 cubic meters a year here we come, go NTL! :D

[robbo24]

Spectrum was close to my first share investment while at University - and it made me some good speculative money - since then I have followed Chris Castle but not lost any money on his stuff since the end of the last millennium... There is definitely gold in Karangaheke - have a look at the history of the area but I do not think it is an area that the Govt will allow to be mined again - NTL may get to process the tailings - I just can't see them getting the consents to go further.....

They can already take 600 tons of ore from the mine per month. The resource consent for this is now unchallenged.

http://www.hauraki-dc.govt.nz/files/council_documents/dp/sect5.5.pdf - the HDC controls who can mine there. They say this:


It is noted that although there are some parts within the zone that contain Significant Natural Areas, for the balance of the zone the mixed indigenous and exotic vegetative cover is not of sufficient ecological significance in its own right to meet the standard of being an “area of significant indigenous vegetation or significant habitat of indigenous fauna” (ie a Significant Natural Area). However, the protection of vegetation from disturbance and clearance for visual amenity reasons has the consequential effect of providing additional vegetative cover between the Coromandel and Kaimai-Mamaku Forest Parks. This will assist in the provision of the Hauraki Ecological Corridor for flora and fauna to pass between these two Conservation Parks.

No worries for an underground mine :D

[robbo24]

You will also note that underground mining is a discretionary activity under r 5.5.4.4...

Meet the criteria with the HDC and you're away laughing (or mining).

There's some really good 300 level resource management law papers at university if you guys want to learn more about these types of things - would be a great place to start your quest for knowledge.

[Crackity]

Hi Robbo - I may remind you of this comment about No Worries at a future date!

So far this company has only successfully mined its shareholders ( and I say that as someone who is not anti mining per se )


It is noted that although there are some parts within the zone that contain Significant Natural Areas, for the balance of the zone the mixed indigenous and exotic vegetative cover is not of sufficient ecological significance in its own right to meet the standard of being an “area of significant indigenous vegetation or significant habitat of indigenous fauna” (ie a Significant Natural Area). However, the protection of vegetation from disturbance and clearance for visual amenity reasons has the consequential effect of providing additional vegetative cover between the Coromandel and Kaimai-Mamaku Forest Parks. This will assist in the provision of the Hauraki Ecological Corridor for flora and fauna to pass between these two Conservation Parks.


No worries for an underground mine :D

[Baa_Baa]

This is a lot of effort for a two-bit non-proven, unlikely-probable and even less likely possible minor mining licence in a green controlled estate. The only reason anyone would ramp this company is to scalp the minnows who pile in to slim news in a declining commodity market.

Beware, if you're the minnow.

[Crackity]

We must all be bored

[robbo24]

This is a lot of effort for a two-bit non-proven, unlikely-probable and even less likely possible minor mining licence in a green controlled estate. The only reason anyone would ramp this company is to scalp the minnows who pile in to slim news in a declining commodity market.

Beware, if you're the minnow.

I'm interested to know what information you're referring to... It's all plainly wrong :D Post some links so the minnows can see if you are credible... :D

[robbo24]

Hi Robbo - I may remind you of this comment about No Worries at a future date!

So far this company has only successfully mined its shareholders ( and I say that as someone who is not anti mining per se )


It is noted that although there are some parts within the zone that contain Significant Natural Areas, for the balance of the zone the mixed indigenous and exotic vegetative cover is not of sufficient ecological significance in its own right to meet the standard of being an “area of significant indigenous vegetation or significant habitat of indigenous fauna” (ie a Significant Natural Area). However, the protection of vegetation from disturbance and clearance for visual amenity reasons has the consequential effect of providing additional vegetative cover between the Coromandel and Kaimai-Mamaku Forest Parks. This will assist in the provision of the Hauraki Ecological Corridor for flora and fauna to pass between these two Conservation Parks.


No worries for an underground mine :D

Rule 5.5.7 in particular 5.5.7.4 and 5.5.7.6. http://www.hauraki-dc.govt.nz/files/council_documents/dp/sect5.5.pdf

You can remind me all you like, name calling and all :D

Who knows though, you might even thank me for drawing your attention to this stock at this relative moment...

[epithermal]

When it comes to gold robber, you're out of your league, with respect. It doesn't matter what you think China or India or any other country is doing, because you don't have any reliable sources of information except google, which isn't reliable. But the most reliable source of information is that the gold price, which is declining as it has been for years, and isn't about to change anytime soon. Anyone who thinks they can take a profitable position in a two-bit non-proven, limited-probable, and hopefully-possible gold mine licence in a declining gold market is just food for a ramper.

you do realise the gold price has remained at the current level for quite some time. However NZD has plummeted which means huge increase in $$$$$$ for NTL:ohmy:. As they treat locally guess what they get paid in .....

So these better mines out there your waffling on about. Do you have a single one you can name which has assayed grades as high as 10,000 grams per tonne for an entry cost of less than 2M to intiate production?

With grades like that and the company information shows that this co has a entry price of well under 750 per ounce.

JORC standardised prefeasibility studies so I have to say you appear to be speaking out your aaaaaaaa...Have you heard of a reserve?. Doesn't seem like you know the company at all let alone resources.

Looks like your one of the nimby mob trying their luck to downramp having just begged to drop the judicial review. The mine is fully permitted now to take up to 20,000 cubic metres per annum. Wow that's one helluva start for a mine.

If they hit the grades that's heaps of gold and silver......

[bullish]

Rule 5.5.7 in particular 5.5.7.4 and 5.5.7.6. http://www.hauraki-dc.govt.nz/files/council_documents/dp/sect5.5.pdf

You can remind me all you like, name calling and all :D

Who knows though, you might even thank me for drawing your attention to this stock at this relative moment...


Looking like the good times are about to roll with NTL. Oceana coming in, Newcrest next door Chinese investing, generous offer to us lucky shareholders. Woohoo.....bring it on boys.

BTW you were right Robbo re the JR they didn't have a chance at all given they ran away after all that noise.

[robbo24]

What happened to the boy who cried wolf again....

His Incorporated Society (Protect Karangahake Inc) got lumped with legal costs of the defendants arising from a completely baseless litigation. It went insolvent and ceased to be.

His friends then tried protest. They were forcefully removed and trespassed.

...or so we hope. Let's see how the tale unfolds... :D

[bullish]

[QUOTE=Baa_Baa;577622]Has NTL got any gold? Or are we hopefully relying on an April 2013 assay report? Proven, Probable and Possible seems a good place to start.

Proven, oh, not so good, maybe the old guys dug it up already?
Probable, a whopping 1.5 oz per T from the 'stockpile', which will be sold into into a generational declining gold price market with no sight of the bottom. Unlikely revenues from gold sales will be plowed back into exploration for the;
Possible reserves, that the so far undiscovered seams hold.

I think its actual reserves Baa.....they released a reserve statement. Resources are good but reserves pay the bills....

[robbo24]

Measured ore reserves all day lads. Bulk sampling mode ACTIVATED.

[bucko]

nice bit of banter to read first thing in the morning haha

[robbo24]

I think its actual reserves Baa.....they released a reserve statement. Resources are good but reserves pay the bills....

I asked my friend who is a surveyor for a mining company over in Australia to look at the NTL JORC compliant statement (http://www.newtalismangoldmines.co.nz/wp-content/uploads/2013/09/Ore-Reserves-Definition-%E2%80%93-Talisman-Gold-Project-August-2013.pdf)... Asking him to explain it like I'm 5 years old:


You see two tables summarised at the start of the document, further detailed on p33 into the geographical locations (or cuts).

The difference between the tables is the terms 'Resource' and 'Reserves'.

The top table "Mineral Resources" is based on the total quantity of minable material that is known to be in the ground that exceeds their cut-off grade of 1.7g/t and within either the extent of the reserve, claim, or orebody. Values here are estimated with varying levels of confidence. Various techniques are used, I think in NTL's case boreholes and some scanning by the looks, don’t quote me, I'll visit this later.

Regardless, the resource quantity is further broken in to Inferred, Indicated, and Measured classifications, with increasing sampling and drilling determining the confidence factor and the volumes in these categories. Exploration is expensive, Geo-techs cost money, hence there is no point drilling the [****] out of your whole reserve unnecessarily when you have good numbers on Ore reserves already and no money coming in. Every borehole costs something ridiculous, as you need survey there too to set it out. Basically the Resource is relatively confidently known to be there, and the quantities are estimated with some confidence off some samples.
You could say "Further exploration is needed, but here's what we believe with these varying levels of confidence, that we are sitting on. (Measured being more sampled than indicated, indicated more so than inferred...)"

The second table, "Ore Reserves", indicates an amount of the ore from within the 'Indicated' and 'Measured' rows of the "Mineral Resource" table. However, this is ore that they know is there with high levels of confidence, the 'Proven' row representing ore that has been extensively drilled and sampled, the 'Probable' row they are less confident about due to less analysis. The term 'Reserves' indicates this quantity of ore has been analysed and valued using the current or recent average gold/silver prices, and basically is what they are using to do their current numbers. I.e, it is profitable to mine.

The thing with resources is they are unexplored and I guess with gold the speculation is where you need to trust expert opinion.

It's different with coal, which has such a uniform distribution, I can calculate what is in the ground to a high level of accuracy from three boreholes.

To summarise:

Gold
With the levels of confidence, 82,500t of material has been sampled, containing Gold at 10.8 g/t, or a total of 891kg.

With speculation (no economic study as to any mining costs being profitable etc), there is potentially 917,390t of minable mineral in the ground with an average concentration of 6.9g/t, or 204,760oz (their fig)

Silver
Confidence - 127,800oz (their fig)
Speculation - 798,840oz (their fig)

Whether the speculated amounts are there, the investor decides..

SURVEY MINING DUDE


So NTL are confident of $50m of gold and $3m of silver... More exploration required to measure whether $351,777,680 of gold and $18,373,320 of silver is there.

Going by what SURVEY MINING DUDE says I suppose as money starts coming in via bulk sampling the company will produce further tests to further measure the gold and silver in the ground.

Good times :D

[Baa_Baa]

So here's my point....... you think NTL would be reasonably priced at 4 x earnings given a AISC of $1075 USD per oz.
I say, given the following examples, why would you buy NTL.

BDR.... MCAP $150m revenue $270m .......market cap = 0.55 x revenue...... AISC $615 USD fy 2014

TRY.... MCAP $104M revenue $190m....... market cap = 0.54 of revenue...... AISC $1140 USD fy 2014( company outlook due to new mine opening $980)

RSG..... MCAP $212M revenue $520m......market cap = 0.40 of revenue..... ASIC $1130 USD FY 2014.

I am sure there are better examples but these are the companies I follow.
Of course there is so much more to valuing a gold miner.....life of mine and confirmed gold resources come to mind.
More importantly how proven management is in keeping production costs down as the industry suffers badly from cost over runs.

Interesting, Snapiti, thanks for that info, there's so many profitable mines it's not easy keeping up with it all. Seems you prefer investing in mines that make money for their shareholders, not wannabe miners spending shareholders capital.

Point is, there are mines already making money, lots of money. A $ invested in a producing mine with proven and probable resources selling profitably is a much better investment than NTL, which has sucked untold years of investors capital to get to where? A permit to spend more investors money on a feasibility study.

NTL is a sinkhole for investors money, with no guarantee of a profitable return in any reasonable timeframe (but a nice setup for clever share traders to scalp the vulnerable).

The Aug 2013 report is an interesting read, it sounds like a tourist destination. Karangahape are so lucky to have NTL driving their economy. Then, lucky NTL scores a permit to do some feasibility testing, and the patronising CEO sucks up to the council who are probably in his pocket, then flips the bird to shareholders with the summary "NTL is currently completing an offer to its shareholders to raise further funds", oh heck share price drops 12.5% on the 'great news'.

12.5% up the day after though, a nice day trade scalp for the share trader. Hands up who sold at 0.007 and who bought at 0.008 in the following couple of days? The clever share trader was your counter party. Kaching, 12.5% just like that.

Flip to page.30 of the report, the numbers are so far out of date it's not funny. Worse though is the projected AU/AG prices which are around 35-45% down, though some think that is sustainably mitigated by a weaker NZD. Good luck with that one. Oh, and when does year 1 even start? Investors will fund the bulk of getting to the start line, whenever that is. Assuming it ever does start, and even a modicum of credibility in the forecasts, investors can enjoy a further projected 2 years of massive losses (probably more as the income will be overstated and the expenses understated), yep you know whose going to be funding that too.

Good luck with NTL investors, you'll need it, unless you're the clever share trader. :D

[Landyman]

So Baa Baa, you taking your $15,000 at 0.7c?

[robbo24]

Interesting, Snapiti, thanks for that info, there's so many profitable mines it's not easy keeping up with it all. Seems you prefer investing in mines that make money for their shareholders, not wannabe miners spending shareholders capital.

Point is, there are mines already making money, lots of money. A $ invested in a producing mine with proven and probable resources selling profitably is a much better investment than NTL, which has sucked untold years of investors capital to get to where? A permit to spend more investors money on a feasibility study.

NTL is a sinkhole for investors money, with no guarantee of a profitable return in any reasonable timeframe (but a nice setup for clever share traders to scalp the vulnerable).

The Aug 2013 report is an interesting read, it sounds like a tourist destination. Karangahape are so lucky to have NTL driving their economy. Then, lucky NTL scores a permit to do some feasibility testing, and the patronising CEO sucks up to the council who are probably in his pocket, then flips the bird to shareholders with the summary "NTL is currently completing an offer to its shareholders to raise further funds", oh heck share price drops 12.5% on the 'great news'.

12.5% up the day after though, a nice day trade scalp for the share trader. Hands up who sold at 0.007 and who bought at 0.008 in the following couple of days? The clever share trader was your counter party. Kaching, 12.5% just like that.

Flip to page.30 of the report, the numbers are so far out of date it's not funny. Worse though is the projected AU/AG prices which are around 35-45% down, though some think that is sustainably mitigated by a weaker NZD. Good luck with that one. Oh, and when does year 1 even start? Investors will fund the bulk of getting to the start line, whenever that is. Assuming it ever does start, and even a modicum of credibility in the forecasts, investors can enjoy a further projected 2 years of massive losses (probably more as the income will be overstated and the expenses understated), yep you know whose going to be funding that too.

Good luck with NTL investors, you'll need it, unless you're the clever share trader. :D

Oh Baa_Baa, why throw away your credibility with posts like this? You have to be careful with the comments you make...

Interesting, Snapiti, thanks for that info, there's so many profitable mines it's not easy keeping up with it all. Seems you prefer investing in mines that make money for their shareholders, not wannabe miners spending shareholders capital.

Point is, there are mines already making money, lots of money. A $ invested in a producing mine with proven and probable resources selling profitably is a much better investment than NTL

Snapiti is shorting producing mines that are making a loss. Snapiti is smart. Let's take TRY for instance (as posted here (http://www.sharetrader.co.nz/showthread.php?8988-NTL-New-Talisman-Gold-Mines-worth-a-look&p=577529&viewfull=1#post577529)): (The $59,000,000 loss for the '14 FY seems something to consider first up... EPS of negative 34 cents... Total liabilities of $100m... I don't claim to be an accountant but NTL, in its small scale endeavour, seems to be in a different position from TRY at least...). That doesn't seem very profitable to me. TRY is losing money. TRY is not selling profitably. You have not done your homework.

NTL, which has sucked untold years of investors capital to get to where? A permit to spend more investors money on a feasibility study. NTL is a sinkhole for investors money, with no guarantee of a profitable return in any reasonable timeframe (but a nice setup for clever share traders to scalp the vulnerable).

NTL has been getting up and running for 2-3 years in its current form. NTL has resource consent to remove and process 600 tonnes a month. Nothing has a guarantee of profitability, but NTL is highly like to be as such in a short time frame.

The Aug 2013 report is an interesting read, it sounds like a tourist destination. Karangahape are so lucky to have NTL driving their economy. Then, lucky NTL scores a permit to do some feasibility testing, and the patronising CEO sucks up to the council who are probably in his pocket, then flips the bird to shareholders with the summary "NTL is currently completing an offer to its shareholders to raise further funds", oh heck share price drops 12.5% on the 'great news'.

NTL just got a relatively large investor in at 0.8 cents. Existing shareholders get to top up at 0.7 cents. Seems good for holders to me. A 14%+ discount to the big boy. Seems like a very good deal. Such a small shareholder base too, good guy NTL.

Flip to page.30 of the report, the numbers are so far out of date it's not funny. Worse though is the projected AU/AG prices which are around 35-45% down, though some think that is sustainably mitigated by a weaker NZD. Good luck with that one. Oh, and when does year 1 even start? Investors will fund the bulk of getting to the start line, whenever that is. Assuming it ever does start, and even a modicum of credibility in the forecasts, investors can enjoy a further projected 2 years of massive losses (probably more as the income will be overstated and the expenses understated), yep you know whose going to be funding that too.

Consensus gold price of $1500USD in the report at a .80 NZDUSD exchange rate = $1875NZD
Current gold price circa $1200USD at .69 NZDUSD exchange rate = $1740NZD

Well below C3 cost - go NTL :D

To conclude: I enjoyed your comment but it seems to be more emotional than analytical or factual. Good luck out there Baa_Baa, hope you do well in the Arty Bra competition (or are you the model? :D)

[Baa_Baa]

Oh Baa_Baa, why throw away your credibility with posts like this? You have to be careful with the comments you make...

Thanks for the credibility boost, though I have no care for what you think of my comments. I will just point out how neatly you skirt the debate:

Point is, there are mines already making money, lots of money. A $ invested in a producing mine with proven and probable resources selling profitably is a much better investment than NTL

Your reply focuses on TRY. "TRY is losing money. TRY is not selling profitably. You have not done your homework."

I am not advocating any mine in particular. Read the point. NTL is a poor investment, it is a punt on another feasibility report, which the shareholders pay for, by an explorer with no timeframe to ROI.

NTL, which has sucked untold years of investors capital to get to where? A permit to spend more investors money on a feasibility study. NTL is a sinkhole for investors money, with no guarantee of a profitable return in any reasonable timeframe (but a nice setup for clever share traders to scalp the vulnerable).

Your reply "NTL has been getting up and running for 2-3 years in its current form. NTL has resource consent to remove and process 600 tonnes a month. Nothing has a guarantee of profitability, but NTL is highly like to be as such in a short time frame."

Again skirts the point and purports that NTL will move to profit "in a short timeframe". Explain that one again. There is no timeframe to move to profit at all. There is no timeframe to even move to production. NTL may never move to production.

NTL is currently completing an offer to its shareholders to raise further funds", oh heck share price drops 12.5% on the 'great news'.

Your reply: "NTL just got a relatively large investor in at 0.8 cents. Existing shareholders get to top up at 0.7 cents. Seems good for holders to me. A 14%+ discount to the big boy. Seems like a very good deal. Such a small shareholder base too, good guy NTL
Again skirts the point. Some existing shareholders lost money on the great news of a cap raising and are about to be further diluted. The difference is 12.5%, not 14%. Calculate the capital dilution as well.

Flip to page.30 of the report, the numbers are so far out of date it's not funny. Worse though is the projected AU/AG prices which are around 35-45% down, though some think that is sustainably mitigated by a weaker NZD. Good luck with that one. Oh, and when does year 1 even start?

In this reply "Consensus gold price of $1500USD in the report" you understate the consensus gold price in the report (actually consensus average US$1635) and overstate the current gold price "Current gold price circa $1200USD" which is actually $1172 or about 28% lower than the consensus average which is the basis of the income for the business case, beginning Year 1 which is somewhere in the never never assuming a feasible mine report.

And you question my credibility, and conclude with an insult. Good grief.

[robbo24]

:D

Interesting discussion about gold: http://www.lumopolis.org/In%20Gold%20we%20Trust%202015%20-%20Extended%20Version%20%28e%29.pdf

Their lowest predictions are above NTL C3 cost - good :D

Edit:I also point out that page 123 onwards has an interesting discussion about gold stocks :D

[epithermal]

You have nfi baa.

I think you will find it was a MARCH 2013 report.

Such appears to have been independently reviewed by hatch goba a global company.

A reserve is clearly defined and like any nimby you don't appear to comprehend the bulk sampling plan they are doing now is not the PFS. Ntl have clearly stated such.

Extraction consents appear to be for 20000 cubic metres per annum. That's a heap of gold where did you get the 600t per month as their consent. You just made it up?

Certainly looks like your either a sad bitter and twisted trader who has lost money (we have all seen this type before) or a nimby playing down ramp games having withdrawn from the judicial review.

Either way you are clearly not paying any attention to the facts. Robbo has patiently tried to step you through it but your focussed on the down ramp.

If you can't factually back up your dialogue stop wasting our time as this is a forum for intelligent discussion on one of the highest grade lowest entry cost of any mining project in NZ.

[robbo24]

please show me a gold mining company that makes money running only 20000 cubic meters per year.
honestly the figure is quite laughable.

It's all about POG, grades and C3 costs, isn't it snappi? You're more than capable of doing the math on this, and you helped me do it in the preceding pages.

Besides, as you know, 600t per month is a bulk sampling programme, not the full scale mining operation :D

[bullish]

NTL would be one. at a 10 gram per ton head grade that over 7.5M revenue per annum at a gold cost of sub 700 per oz. FOR BULK SAMPLING. Show me on other bulk sampling project anywhere delivering that!! :)

At 10,000 grams a ton grades snapiti tonnage is not important in these high grade epithermal deposits and they have assayed grades that high as per previous information provided by the company. Now if you were talking low grade mines I would agree. But in the case of NTL their grades are phenomenal.

I think you are a little confused as you don't know this company and havent taken the time to look. The company is simply bulk sampling (small scale mining to open up the mine) for which their consents allow 20,000 cubic metres per annum. I think they costed that at sub 700 per ounce.

The Prefeas they did suggested their plan is to extract the first phase of mining for which they had a 5 year mine life peaking at 12,000 oz focussed on their RESERVE. If they simply convert during that period a further 25% of their resource of 205K oz that would be 78K oz total @ sub 700 per ounce. For those of us who get mining that would not be difficult to achieve.

Quite a nice little mine actually. That is ignoring their upside in the tenement Rahu for which they have made an exciting new discovery

Show me one other company that can get into production for 1.6M NZD. This is a walk up play. No shafts no drives simply mine the known and proven targets in one of the richest vein zones in NZ.

[Antipodean]

I wonder if the Red Threat have paid costs to the defendants (HDC and NTL) yet?

After all, the presumption is that the discontinuing party must pay costs (http://legislation.govt.nz/act/public/1908/0089/latest/DLM1819286.html).

Seeing that HDC and NTL did not change their position (and the judicial review proceedings were totally without merit) it follows that the PK group will be liable for costs. Lots, hopefully.

:D

Sadly looks like no costs will be forthcoming (from the annual report)

"Post the date under review the opponents to the mine requested that Talisman and Hauraki District Council allow them the ability
to stop proceedings without seeking costs and following both
NTL and HDC agreement, withdrew their requests for a Judicial
Review"

[bullish]

[QUOTE=Baa_Baa;577961]Thanks for the credibility boost, though I have no care for what you think of my comments. I will just point out how neatly you skirt the debate: What exact debate.


I am not advocating any mine in particular. Read the point. NTL is a poor investment, it is a punt on another feasibility report, which the shareholders pay for, by an explorer with no timeframe to ROI.

Your absolutely wrong here baa. The ROI are clearly set out in their project plan and run through at AGM. Had it not been for the failed legal action they would be going for it earlier. Your measure of investment is baseless. All mines start from exploration. Prove up the resources and then follow the process from Scoping study to Gap analysis to PFS. This company formally heritage gold has passed those stages. The question as to whether such has been of value comes down to Cost of total exploration. That work has enabled the co to gain 3 highly prospective tenements and prove up 200,000 ounces of gold, complete a comprehensive PFS (which you seem to miss such has not been released only the technical summary) and complete all consenting requirements for a new mine. NZ is very difficult for any mining company let alone new mines and yet this company has traversed all the required consenting. To such an extent that the anti miners recently accepted the effects would be no more than minor and withdrew their action stating they were satisfied with the company plans. Clearly this doesn't suit your investment criteria but may suit others. What may be a poor investment in your opinion may be a significant opportunity to another. At least put some meat in your sandwich. Analysis of any kind would be a good start, other comparable mines at same level given JORC allows such quite easily, similar grade and geological settings etc etc. All you have put forward really is a bit of wool.

NTL, which has sucked untold years of investors capital to get to where? To gain 200,000 ounces of JORC compliant resources and 30,000 ounces of JORC compliant reserves and a ready to go mine plan and 2 whopping tenements for longer term upside. You talk about skirting points to others you have yet to make any rationale argument about the company the project or the extraction plans.

NTL is currently completing an offer to its shareholders to raise further funds", oh heck share price drops 12.5% on the 'great news'. Im not sure how much you have had to do with share offers but any CP is a red flag to the price the fact its traded above the offer price during the entire offer period is a good sign they priced this well. Immediately preceding the issue such was trading at 1 which it has for a year.
Some existing shareholders lost money on the great news of a cap raising and are about to be further diluted. The difference is 12.5%, not 14%. Calculate the capital dilution as well. Which shareholders were these the shares traded at 1 up until offer opened so all shareholders could sell if they wished and 1 is the highest raising these guys have done for years. To be of value such needs to be measured after allotment as a fully funded mine plan may well be worth much more to the company than the effective dilution price.

Flip to page.30 of the report, the numbers are so far out of date it's not funny. Worse though is the projected AU/AG prices which are around 35-45% down, though some think that is sustainably mitigated by a weaker NZD. Good luck with that one. Oh, and when does year 1 even start? Your looking at a PFS technical report and trying to understand a totally separate phase being bulk sampling which is the consents currently held. It shows how shallow your research has been on this Baa. Given you take a view gold is down forever actually its well up for NZ miners to higher than what they were getting at 1350.

In this reply "Consensus gold price of $1500USD in the report" you understate the consensus gold price in the report (actually consensus average US$1635) and overstate the current gold price "Current gold price circa $1200USD" which is actually $1172 or about 28% lower than the consensus average which is the basis of the income for the business case, beginning Year 1 which is somewhere in the never never assuming a feasible mine report.

Again your so confused. Their PFS states prices as they were at the time YET the project currently being undertaken for small scale mining has been outlined at 1200 per ounce. They are mining off the PFS and subsequent PROJECT PLAN for bulk sampling provides the data from what they have put out for a FS. Im not questioning your credibility I just think your going to lose some toes if you keep firing off before pulling your gun out of its holster. Actually have a good read as its an interesting company it cant be compared with Newcrest or Oceana and the play here is both the returns from longer term mining, rerating which will come with consistent production and uncovering the upside in Rahu (for which they have teamed with a major) and the mystery vein which is graded at 2 oz per ton.

And you question my credibility, and conclude with an insult. Good grief.

[elZorro]

NZResources have this article on the report.


1/7/2015 — Gold
NTL now sees itself at the production road

Aspiring North Island gold miner New Talisman Gold Mines Ltd (NZX & ASX: NTL) has told shareholders it now sees itself on a course towards production.
The company, which has had stockpiled parcels of ore from the Talisman gold mine at Karangahake treated at the nearby Newmont Waihi Gold plant in Waihi, said in its annual report that it now welcomes OceanaGold Corporation (TSX, NZX & ASX: OGC) which has just acquired the Newmont Waihi operations and exploration interests.
Another company it welcomed was Australian gold major Newcrest Mining Ltd (ASX: NCM) which has taken up a joint venture on ground surrounding New Talisman’s Talisman mine and Rahu tenements.
NTL said in its just-released 2015 annual report for the year to March 31 that the company was “further shaping itself into a producer from the company it was 12 short months ago.”
The difference, NTL said, was observable both at the mine site where tonnes of ore have been removed and processed and in the surrounding exploration landscape with new exploration programmes underway by major companies.
NTL said that with all legal hurdles now overcome the quest was now to raise funds, finalise a traffic management plan and accelerate the bulk sampling.
NTL said that under the resource consents it was allowed to extract 20,000 cubic metres per annum for two years. This represents up to 50,000 tonnes per annum which – based on average head grades could see up to 15,500 contained ounces of gold and 60,000 oz of contained silver achieved.
A start to bulk sampling would be dependent on installation of surface facilities and underground infrastructure – water, compressed air, electricity, roof support and a ventilation system.
“Assuming the current capital raising initiatives with both our partners and our current shareholders this is the next immediate focus prior to initiating underground works.”
NTL has a binding term sheet, subject to entering into satisfactory documentation, with a Chinese investor for development of Talisman.


NTL annual report. (http://www.sharetrader.co.nz/attachments/7374/NewTalismanannual.pdf) (1.6 megabytes)

[bucko]

Ok so from my reading of the ann report last night i wasn't quite clear on the bulk sampling, do they mean they would be able to continue the bulk sampling and processing ore WHILE they are completing the site work on the mine, the ventalation system et all?

More waiting but nothing we're not used to by now! 2 long years of holding I guess I am happy there is an approx date for the construction to begin (Nov) and they have all the money they need to complete this, so correct me if I am wrong but unless there is a major catastrophe it's all go from here? All the pieces of the puzzle are in place (waiting on the final confirmation for the land transport stuff?)

[BigBob]

So, they didn't know about this delay yesterday before shareholders paid for their 7c shares...?

Yeah, right....!!

I wonder how many insiders are putting up $15k....


Chinese Investor Update
11:53am, 1 Jul 2015 | GENERAL

1 July 2015

CHINESE INVESTOR UPDATE
New Talisman Gold Mines (NTL or the Company) today announces it has received a request by the Chinese investor group to extend the settlement date for their investment into New Talisman for a period of 45 days. The Group is currently finalising discussions with a co-investment partner in China having completed satisfactory Due Diligence on the Talisman project.
Matthew Hill said “We continue to work closely with our partner on this investment into one of the most historically productive gold mines in NZ. This investment coupled with funds raised from the SPP will allow for the full funding of the Talisman bulk sampling project.

Matthew Hill
CEO
New Talisman Gold Mines Limited
Direct +64 27 5557737
Matt@newtalisman.co.nz

[robbo24]

Ok so from my reading of the ann report last night i wasn't quite clear on the bulk sampling, do they mean they would be able to continue the bulk sampling and processing ore WHILE they are completing the site work on the mine, the ventalation system et all?

That was my reading of it too. Somewhat ambiguous but seemingly what they were getting at.


So, they didn't know about this delay yesterday before shareholders paid for their 7c shares...?

I agree - although look at the likes of MEL and NZAS. They were in discussions over the course of the night and sought an extension by agreement.

I do agree that if they knew beforehand then the content of the annual report should have been amended, however I find it more likely that NTL wouldn't have known until today.

I guess I'll see what Mr Hill has to say :D

[bullish]

Spectrum was close to my first share investment while at University - and it made me some good speculative money - since then I have followed Chris Castle but not lost any money on his stuff since the end of the last millennium... There is definitely gold in Karangaheke - have a look at the history of the area but I do not think it is an area that the Govt will allow to be mined again - NTL may get to process the tailings - I just can't see them getting the consents to go further.....

Crackity

They already have all the consents. Tailings don't exist as there is no tailings dam it is all offsite. Even the greenies recently agreed that the project plan for their small scale mining has no effect on the environment and subsequently withdrew any opposition. Even though its small scale tonnage wise it doesn't take many tonnes at the very high grades they have to return great value. 20,000 cubic metres for 2 years is over 30,000 tonnes approx per year. At their foretasted head grade that's 300,000 grams per annum yet if they hit the areas they have targeted which have proven resources at 50g/t that could be huge. If you look at the history this was last mining in the 90s and they had ridiculous grades in the kgs per tonne range. As thsi is in one of the most modified areas in NZ there is no doubt they will get all consents. They already do. The Rahu deposit is private land so no problems there as such is simply a case of accessing from underground. You sound very similar to a previous poster goodasgold.

Amazed to hear you havent lost money, you obviously didnt invest in Glass earth and CRP which lost millions?

[bullish]

So, they didn't know about this delay yesterday before shareholders paid for their 7c shares...?

Yeah, right....!!

I wonder how many insiders are putting up $15k....


Chinese Investor Update
11:53am, 1 Jul 2015 | GENERAL

1 July 2015

CHINESE INVESTOR UPDATE
New Talisman Gold Mines (NTL or the Company) today announces it has received a request by the Chinese investor group to extend the settlement date for their investment into New Talisman for a period of 45 days. The Group is currently finalising discussions with a co-investment partner in China having completed satisfactory Due Diligence on the Talisman project.
Matthew Hill said “We continue to work closely with our partner on this investment into one of the most historically productive gold mines in NZ. This investment coupled with funds raised from the SPP will allow for the full funding of the Talisman bulk sampling project.

Matthew Hill
CEO
New Talisman Gold Mines Limited
Direct +64 27 5557737
Matt@newtalisman.co.nz

Bob are you suggesting that they announced term sheet and SPP on same day and they knew this at this time. Why would they announce in that case?

[BigBob]

Bob are you suggesting that they announced term sheet and SPP on same day and they knew this at this time. Why would they announce in that case?

No, I am simply suggesting that if they had announced the delay prior to punters having to front up with their money some might have chosen not to take up their 7c shares... After all one of the great selling points was that it was at a 1c discount to the institutional placement offer...

....and after all this is not the first time a potential Chinese investor has been granted an extension to an agreement with NTL...:

23rd January 2014
FOR IMMEDIATE RELEASE
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED (NTL, NTLOA or NTLO)
UPDATE ON CHINESE INVESTOR GROUP
- Formal extension requested by Chinese investment group
- Desktop due diligence and audits by investor group now complete
- Senior executives to commence site visit on 10th February
- Technical team comprising a party specialists and container of equipment
due in NZ by mid February....

Etc, etc...

http://www.anzsecurities.co.nz/directtrade/dynamic/announcement.aspx?id=3533103

[robbo24]

No, I am simply suggesting that if they had announced the delay prior to punters having to front up with their money some might have chosen not to take up their 7c shares... After all one of the great selling points was that it was at a 1c discount to the institutional placement offer...

....and after all this is not the first time a potential Chinese investor has been granted an extension to an agreement with NTL...:

I'm not one to judge anyone but what you're saying may be more of a criticism of the Chinese way of doing business rather than NTL management.

There's not much anyone can do about it on the best of days.

TON.ASX is an example of it not going to plan, MJP.ASX is an example of it [eventually] going to plan. MJP got the $$$ in the end :D

[BigBob]

I'm not one to judge anyone but what you're saying may be more of a criticism of the Chinese way of doing business rather than NTL management.

There's not much anyone can do about it on the best of days.

TON.ASX is an example of it not going to plan, MJP.ASX is an example of it [eventually] going to plan. MJP got the $$$ in the end :D

Fair call... I suppose I am just sceptical... Maybe because of having sat through god knows how many share offers and rights issues from NTL and HGD and all the spin and broken promises that have come with them. It is a long time since I have participated in any, which mostly has been the same approach as that taken by shareholding insiders.

Don't get me wrong, I hold shares and hope the company will finally succeed, but I can't help feeling that we have been here before...

[Landyman]

Fair call... I suppose I am just sceptical... Maybe because of having sat through god knows how many share offers and rights issues from NTL and HGD and all the spin and broken promises that have come with them. It is a long time since I have participated in any, which mostly has been the same approach as that taken by shareholding insiders.

Don't get me wrong, I hold shares and hope the company will finally succeed, but I can't help feeling that we have been here before...


It does look bad, the timing is very "unfortunate". Phone call last week Hill from Wang "hey buddy, we want an extension....ok, fine, just dont put it in writing yet...hey, hot secretary, bring me another glass of champagne in those golden flutes, we are all good for another 6mths".

I may have passed sceptical a while ago.

[robbo24]

It does look bad, the timing is very "unfortunate". Phone call last week Hill from Wang "hey buddy, we want an extension....ok, fine, just dont put it in writing yet...hey, hot secretary, bring me another glass of champagne in those golden flutes, we are all good for another 6mths".

I may have passed sceptical a while ago.

Haha that is one narrative although the FY15 financials would suggest nobody who works for NTL is paid enough to live in such decadence... :D

I think more likely (and in line with lawful requirements) that the company announced to market the situation as soon as it became available.

[robbo24]

Here's a link to some details of the JV between Newcrest and Laneway Resources: http://www.asx.com.au/asxpdf/20150601/pdf/42yxhz15k39hpt.pdf

You'll see Karangahake on the map on page 2, with Rahu directly above. I note that Karangahake has the highest grades on the map :D

It would be mint to see the NTL mining permit be extended to Rahu.

The outcome of discussions with Newcrest on a joint venture or other arrangement, mentioned in the annual report, should be very interesting. I'm not 100% certain of the merits of the Laneway agreement with Newcrest but it looks like it involves gold, mining and money so it can't be that bad :D

[robbo24]

Here's a link to some details of the JV between Newcrest and Laneway Resources: http://www.asx.com.au/asxpdf/20150601/pdf/42yxhz15k39hpt.pdf

You'll see Karangahake on the map on page 2, with Rahu directly above. I note that Karangahake has the highest grades on the map :D

Here's some more information (http://www.theaustralian.com.au/business/mining-energy/newcrest-mining-joins-laneway-resources-in-nz-gold-fields/story-e6frg9df-1227378681325) about Newcrest's deal with NTL's neighbours. Keeping in mind that Laneway is right next door to NTL's Rahu and NTL is also in discussions with Newcrest. Good :D


It is also being seen by some in the market as a positive endorsement of Oceana’s conditional deal to buy the neighbouring Wahai mine.


“This agreement with Newcrest clearly illustrates the potential at the southern Coromandel gold project and vindicates the company’s decision to secure the highly prospective exploration ground in a region that has historically produced over 45 million ounces of gold and silver,” said Laneway executive chairman and 60 per cent shareholder Stephen Bizzell.


The tenements, which share a border with those that Oceana has agreed to buy from Newmont, were mined between 1860 and 1952 at depths of up to 140 metres and contain about 50 gold deposits and prospects.


Brisbane-based Laneway says there is scope for deeper extensions and the potential for deposits near the surface that can be mined through open pits.
“Newcrest’s joint venture indicates to us the potential it sees in the region and endorses Oceana’s investment in Waihi, confirming the prospectivity,” said Credit *Suisse analyst Michael Slifirski.


Laneway shares rose 0.15c to 0.35c yesterday, giving the company a market value of $7m.

[jonu]

My cheque still hasn't been banked for the spp. Anyone else in the same boat?

[robbo24]

My cheque still hasn't been banked for the spp. Anyone else in the same boat?

Contact CompuShare and ask them. I did electronic transfer, I didn't know people still used cheques :D

[bullish]

Fair call... I suppose I am just sceptical... Maybe because of having sat through god knows how many share offers and rights issues from NTL and HGD and all the spin and broken promises that have come with them. It is a long time since I have participated in any, which mostly has been the same approach as that taken by shareholding insiders.

Don't get me wrong, I hold shares and hope the company will finally succeed, but I can't help feeling that we have been here before...

BigBob

I agree when they were Heritage with a very different focus there were many raising and proposals. However since they became NTL they really appear to have delivered on applying their funds on each and every offer. A different set of skillsets in management a principal mining engineer who from all counts has delivered well and driven by a new Chair. On raisings 2012 @ .007 - got us a completed scoping study by mining one and a Prefeasibility study. 2013 placement delivered us a nice return off a congo investment (if I recall 400K return) and delivered the maiden Reserve. 2014 raisings May .8 and Nov.1 delivered all the consenting from HDC to DOC as well as a health and safety plan not to mention the first gold produced from the mine (although stockpiles), treatment agreement at Waihi and a road survey. 2014 raising gave enough funds for the company to during 2015 successfully fight off the judicial review which I could only speculate must have been a considerable body of work to get the antis to confirm they were happy with the mine to go ahead and withdrew. 2015 seems to have slowed things down with the judicial review over the companys head and it appears they have completed a great deal over Rahu, made a discovery and provided a resource applied for an Extension of Land and started and near completed a deal with Newcrest. NZPAM are not a fast moving beast yet have provided a Change of conditions on the current permit which protects us shareholders further. All in all it does not appear this is the same company as when it was an explorer. I cant see other than delays which appear outside their control where they have slipped.

Have a look at their BPL investment. Seems a very interesting company which could provide a huge winfall to us shareholders given the 20% stake held.

Could be a very interest back end to the year

[robbo24]

Could be a very interest back end to the year

This is consistent with my analysis.

I was never all that worried about the judicial review so didn't consider that a huge risk. However, for those who fear legal action it's safe to say that the bulk sampling programme will go ahead. This means revenue.

Revenue is a good thing for companies and for valuation of companies.

Mining companies, particularly those which are evolving from explorer to developer to producer may very well be "rerated" by analysts and investors.

Seeing as the path has been unfolding and progressing at a good rate I have more confidence in my NTL investment than any time previously. Hence partaking in the SPP (and numerous SPPS in the past to varying degrees).

Might be time to start sharing some more of my research about NTL (and BPL.ASX too for that matter).

[Flugenbear]

My cheque still hasn't been banked for the spp. Anyone else in the same boat?

Same here jonu....

[robbo24]

Same here jonu....

Offer document says to email Franco the Company Secretary for assistance - sent you a PM with his details :D

[Crackity]

Maybe the cheques have gone next door to TriBeCa to pay the company tab?

[robbo24]

Maybe the cheques have gone next door to TriBeCa to pay the company tab?

Hope not, otherwise they racked up $900,000 of tab.

The SPP amassed $900,000. That's pretty damn good for NTL!

[jonu]

Same here jonu....

My cheque was finally banked yesyerday. Am happy with the amount NTL have raised:t_up:

[robbo24]

My cheque was finally banked yesyerday. Am happy with the amount NTL have raised:t_up:

Glad to hear it man. Good times to come.

[robbo24]

Glad to hear it man. Good times to come.

Comparing the two documents below, I note that the shortfall of the SPP is 155,397,863 shares ($1,087,785 worth).

60 days for anyone to buy at 0.7 cents - it wouldn't bother me if the Chinese came back and snapped them up to get the ball rolling :D

https://nzx.com/files/attachments/216399.pdf
https://nzx.com/files/attachments/214670.pdf

[Landyman]

How can you buy more? I thought it was closed 30 June?

[robbo24]

How can you buy more? I thought it was closed 30 June?

...Following completion of further discussions with sophisticated investors the shortfall allotment will take place. The company continues to advance discussions with other parties on the shortfall and reminds shareholders and other interested parties that applications for shortfall may be made by qualified sophisticated investors for the next 60 days. (https://nzx.com/files/attachments/216398.pdf)..

A qualified sophisticated investor appears to be a reference (used in Australian securities law) to an eligible person (http://www.legislation.govt.nz/act/public/1978/0103/latest/DLM27289.html). See 2CC to 2CF; but to boil it down, they are making an offer of securities to the public without the issue of a prospectus so anyone who wants to invest has to be "signed off" as an experienced investor. This also means anyone, shareholders or otherwise, can apply for more than $15,000 as per the SPP.

If you can get a financial service provider to give you a certificate saying you don't need a prospectus then you can back up the truck, so to speak :D

[Hawkeye]

Do you think a big fish will eat this little minnow up? Seems very cheap at the moment, but has soooo many strings attached

[robbo24]

Do you think a big fish will eat this little minnow up? Seems very cheap at the moment, but has soooo many strings attached

What strings do you refer to Hawkeye?

[Hawkeye]

Consent processes
Court cases
You KNOW someone will write to the environment minister and the red tape will pile up
Then there is that big question... is there any gold there?

All that money it just got from the spp will slowly disappear, hopefully at some point in the decade I can get my money back.... we are half way through.... and i'm not sure its likely.

[jonu]

Consent processes
Court cases
You KNOW someone will write to the environment minister and the red tape will pile up
Then there is that big question... is there any gold there?

All that money it just got from the spp will slowly disappear, hopefully at some point in the decade I can get my money back.... we are half way through.... and i'm not sure its likely.

I don't know what your buy in price was Hawkeye, but I know there will be many sitting on a loss at present. However with regards your other points you seem to be somewhat behind the play. Yes there is gold there. They have consent to do what they have asked to do. The Environment court appeal fell over.

[Hawkeye]

Yes ill admit I didn't follow this stock is as much as I have some others. I was unaware the environment court thing fell over, or had completely fallen over in anycase? I thought they were still arguing about something in the courts?

I am aware there was a significant amount of gold/minerals found in the soil tested and hope the mine yields similar results and we have not all been hoodwinked, but its best to keep an open mind about that.

You seem up to pace with it all, are they currently setting up the site for production? or is there something i haven't mentioned above stopping them from doing so?
Also on another note, do you expect a consolidation to occur in the next year or two as the share price presumably goes up? What ratio would you expect?

[robbo24]

Yes ill admit I didn't follow this stock is as much as I have some others. I was unaware the environment court thing fell over, or had completely fallen over in anycase? I thought they were still arguing about something in the courts?

I am aware there was a significant amount of gold/minerals found in the soil tested and hope the mine yields similar results and we have not all been hoodwinked, but its best to keep an open mind about that.

You seem up to pace with it all, are they currently setting up the site for production? or is there something i haven't mentioned above stopping them from doing so?
Also on another note, do you expect a consolidation to occur in the next year or two as the share price presumably goes up? What ratio would you expect?

Hi Hawkeye,

I suggest reading over the last few months of posts and recent company announcements. All the info is there.

Consolidation should be the last of jobs NTL is working on. A needless gimmick in my view.

Robbo24 :D

[jonu]

Hi Hawkeye,

I suggest reading over the last few months of posts and recent company announcements. All the info is there.

Consolidation should be the last of jobs NTL is working on. A needless gimmick in my view.

Robbo24 :D

Agreed on all points Robbo

[Hawkeye]

Thanks I will put some time aside to look at it all. I tend not to look to far back on threads as generally there is a lot of side conversations going on, or someone gets banned and half the information is missing(from their deleted posts), but I will make the effort this time round.

[Crackity]

Thanks I will put some time aside to look at it all. I tend not to look to far back on threads as generally there is a lot of side conversations going on, or someone gets banned and half the information is missing(from their deleted posts), but I will make the effort this time round.

LOL - he is like one of the undead! And apparently back ( don't annoy STMOD now)

[robbo24]

Thanks I will put some time aside to look at it all. I tend not to look to far back on threads as generally there is a lot of side conversations going on, or someone gets banned and half the information is missing(from their deleted posts), but I will make the effort this time round.

You'll be pleasantly surprised how civil the NTL thread is. It's no PEB.

[Hawkeye]

Haha i'll bear that in mind

[jonu]

Have just done some quick calcs for NTL's position in NZD in line with the gold price USD.

Previously when Kiwi to USD was approx .80 and the gold price was circa $1200 USD oz it equated to NZD $1500oz.

Now Kiwi is trading approx .67 and the gold price has slipped to USD $1156 it equates to NZD $1722oz.

NTL is NZD $222.00 an oz better off now. With the price of oil remaining low as well this is almost all pure profit!

[robbo24]

Good to see Matthew Hill buying more NTL. SPP and on-market.

I've done some research into the guy, he has a surprisingly successful background rubbing shoulders with some enormous companies.

Happy to share if anyone is interested.

[digger]

Good to see Matthew Hill buying more NTL. SPP and on-market.

I've done some research into the guy, he has a surprisingly successful background rubbing shoulders with some enormous companies.

Happy to share if anyone is interested.

Yes I am very interested. What have you come up with?

[Landyman]

Rob, sounds interesting, if you could post some info.

[Crackity]

Happy to share if anyone is interested.

Well that was a bad time to get banned Robbo! Come back soon VML thread looks far too boring....

[digger]

Well that was a bad time to get banned Robbo! Come back soon VML thread looks far too boring....

Damm is that why he did not reply.Was interested in what he had to say.

[Landyman]

Damm is that why he did not reply.Was interested in what he had to say.



Robbo for Director - he will shake things up some more

[Landyman]

Tom Petty song anyone? 6 days fall in a row.

[Landyman]

PoG, "cos Im free, free falling...". Come on, everyone sing together

[Antipodean]

With the recent CR I wouldn't expect this to go anywhere but sideways until we get more information. Very low volume means most people are holding on which is a good sign.

[gmatt]

Quarterly report due out at the end of this month ...... seem to be more buyers lining up

[Hawkeye]

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11487425

[jonu]

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11487425

It's that kind of balderdash that is guaranteeing the need for a "safe haven". Maybe it will be gold, maybe not, but the issues he refers to around the GFC are still there. Printing Bonds (money) hasn't made them go away and must at some point devalue a currency, unless the economy has grown at a rate to absorb the extra money supply. The USA economy certainly isn't, neither is Japan's, UK or the Eurozone as a whole.

The author's constant use of the term "goldbug" doesn't add any credibility.

[Bobcat.]

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11487425

Half-pie jorno's like Matt O'Brien regurgitate what is at best wisdom in hindsight. At worst, it's a mocking & scoffing cheap shot insult across the bows of precious metal investors. Either way, arrogant blowhard articles like this probably mean that it's now a good time to buy. Did you notice the quote highlighted halfway through his article is actually his own? That's just a bit narcisistic, quoting oneself as though that adds extra weight to one's own argument...yeah, right.

I'm not only retaining my NTL (on both nzx and asx) but have today put five bids on market to pick up a few Aussie gold diggers. Given the recent slide in the NZD and AUD, local gold diggers' revenues really haven't fallen much...a lot less than their share price. There was a nice bounce in the PoG Friday afternoon (NY time) and so today is a good time to buy into PM stocks. In hindsight, more so last Friday - see today's lift in prices of OGC, AQG, NST, etc.

I'm confident that NTL's sp will soon lift, provided the Chinese decide to fund as anticipated. We should know sometime next month. If they walk away, and there's a sell off, it will get me interested in picking up a few more. I doubt that it will fall much - it's already trading below fair value now IMO.

Commodity prices and Equity market indexes cannot keep diverging forever (it's just unnatural!) meaning either commodity prices lift (off recovering economies and inflation) or the Equity markets collapse (driving up fear, uncertainty...and therefore the price of gold & silver).

Anyway, that's my theory, and I'm sticking to it. Happy trading...

[elZorro]

From NZResources, this could be very useful data.


29/7/2015 — Gold
NTL gains new data base on Talisman

A private data base on the Talisman mine at Karangahake has been acquired by project owner New Talisman Gold Mines Ltd (NZX & ASX: NTL).
The company said the data base was acquired for a mixture of cash and shares.
It takes in samples, assays and mine plans and provides an extensive amount of detail on the lower levels of the mine.
NTL managing director Matthew Hill said much of this data dates back to the early 1900s and the initial presentation of this material showed other areas in the mine with potentially similar grades to the Dubbo Zone.
A unique opportunity now exists to integrate this historic data with NTL’s own extensive data of the upper levels of the Talisman mine to target extensions of known gold mineralisation and new areas with resource potential where information was insufficient to direct exploration previously.
Hill said that in addition there was information on parallel vein systems to the main Maria and Welcome-Crown and Mystery veins within the more than one kilometre wide mineralised zone that hosts the Karangahake gold deposits.
Many of these were mined historically but there has, until now been scant data on their location and gold grades.
He said that subject to meeting JORC requirements it was anticipated this historic data will enable expansion of the resource targets, generate new exploration targets and possibly enable some areas with defined JORC compliant resources to have their resource category upgraded.
He said acquisition of this database was the most comprehensive collection ever compiled on Talisman including both NTL’s previous exploration work and historical work completed over decades.
Hill said from a mine planning perspective the database provides an invaluable resource for accurately developing a “fuller mine plan.”
Hill said the new data will allow NTL to target areas at the deeper levels of the mine where, on the initial review, appears to hold a number of high grade zones.
The company did not name the vendor of the data base.

[jonu]

From NZResources, this could be very useful data.

Agreed El Z.

You have to wonder who would have been the owner of the material they purchased?

Personally I'm pondering how much longer OGC can keep their sticky fingers off! Oops, they're in trading halt!:p Pending an announcement!

[psychic]

Wasn't the info held by the Hauraki District Council? Agree re OGC . likely or not, it was my first hope.. :)

[psychic]

Room on the Board for OGC now too... :)

https://www.nzx.com/files/attachments/217673.pdf

[YoungBuck]

As far as I can tell, everything is looking pretty good for NTL, It will just take some time to start actually producing?

Is there anything I should be worried about?

[elZorro]

Agreed El Z.

You have to wonder who would have been the owner of the material they purchased?

Personally I'm pondering how much longer OGC can keep their sticky fingers off! Oops, they're in trading halt!:p Pending an announcement!

IPENZ has this article on the Karangahake mines, of which Talisman was the biggest producer at about 1/3 of Martha's output so far.

http://www.ipenz.org.nz/heritage/itemdetail.cfm?itemid=2458

Remember Heritage Gold obtained the permit for the Talisman mine for no major cost, because the then owners forgot to renew the permit. I'll have a look for that.

Here it is, inside a report that Heritage Gold commissioned in 2003. At that point they had dipped out on exploration work in the northern Coromandel area and were going to sue the govt. But they'd also pipped Southern Gold Ltd for the Karangahape area when there was a change in permitting rules in 1991. Southern Gold last worked the area in 1992. Lots of maps and data here already.

http://www.eagleres.com.au/images/pdfs/reports/2003/htm18jun03.pdf\

Whoever the party is, they now have $25,000 worth of NTL shares, 2,272,727 to be precise. But there are about 800mill shares, so it's not an excessive amount of the company. Perhaps the cash paid would also be $25,000, we'll have to wait and see.

http://www.newtalismangoldmines.co.nz/wp-content/uploads/2015/07/Appendix-3B-Issue-of-Shares-to-Ian-Brown-28-7-2015.pdf

Actually, the link says it all, the data's owner must have been Ian Brown, of Ian Brown Associates (http://www.sharetrader.co.nz/showthread.php?4019-AXG-Antipodes-Gold-formerly-GEL-Glass-Earth&p=378271&viewfull=1#post378271). Ian was going to be a foundation shareholder in Glass Earth, and for a while both firms were based in Terenco House, Wellington.

Ian R Brown Associates don't have a huge website, possibly now trading from a home base.

[digger]

As far as I can tell, everything is looking pretty good for NTL, It will just take some time to start actually producing?

Is there anything I should be worried about?

Yes you can always worry if you are the worrying type. Things to keep in mind !/ The chinese investor may not turn up with the melt down of their sharemarket. 2/ Money raised from the last issued was given as nearly 9 hundred thousand,but it then turned out that 4 hundred thousand was not in the bank but was suspost to be promised. Until it turns up it is just that a promise.So from what I can see we only got 5hundred thousand. To mine we need 1.8 million.
Another concern is that the gold price can just keep on falling and falling as it has in the last 3 years. Also the sky could fall in,etc,etc.

But on the positive side if all were roses the shareprice would be somewhere north of 5 cents on just the hard facts on the ground,so at .8 some negatives that I have mentioned are built in.
Cheers and do not worry too much.

[YoungBuck]

Cheers digger

[bullish]

Yes you can always worry if you are the worrying type. Things to keep in mind !/ The chinese investor may not turn up with the melt down of their sharemarket. 2/ Money raised from the last issued was given as nearly 9 hundred thousand,but it then turned out that 4 hundred thousand was not in the bank but was suspost to be promised. Until it turns up it is just that a promise.So from what I can see we only got 5hundred thousand. To mine we need 1.8 million.
Another concern is that the gold price can just keep on falling and falling as it has in the last 3 years. Also the sky could fall in,etc,etc.

But on the positive side if all were roses the shareprice would be somewhere north of 5 cents on just the hard facts on the ground,so at .8 some negatives that I have mentioned are built in.
Cheers and do not worry too much.

From what I can read Digger it read as shortfall so may have had to allot retail then shortfall shares. Still 500K from an SPP is pretty good but 900K a heap better!! :)

Lots going on from their quarterly

3/8/2015 — Gold
Newcrest now in Karangahake background

The large Australian gold miner Newcrest Mining Ltd (ASX: NCM) is sitting in the background of a planned integration of exploration plans by New Talisman Gold Mines Ltd (NZX & ASX: NTL) at Karanghake.
New Talisman said in its June report it was hoping to get an answer in the near future from New Zealand Petroleum & Minerals (NZP&M) on extending its current mine plan for the historic Talisman mine at Karangahake to take in its exploration area at nearby Rahu.
The company has long considered Rahu contains contiguous mineralisation to the epithermal gold-silver previously mined and outlined for future mining at Talisman.
NTL said should it gain approval for integrating Rahu with Talisman then that could trigger finalisation of a joint venture agreement with Newcrest. In recent months NTL has referred to a potential joint venture with a substantial gold miner and this was assumed by many to be Newmont Mining which has allowed its gold plant at nearby Waihi to be used to treat early parcels of stockpiled ore from Talisman.
Newcrest appears to be getting a significant footing in the Hauraki goldfield for it also has a joint venture with Laneway Resources Ltd (ASX: LNY) which holds exploration permits surrounding Rahu and Talisman.
NTL said in its June quarter report that it had recently provided material to the Department of Conservation for upgrading its “Windows Walk” at Karangahake which is a major tourist attraction.
“A section of the walkway has already reopened and further work is being completed.” The company said it was happy to assist by this donation of material.

[jonu]

By my reckoning the 45 day extension requested by the Chinese investor runs out this week. Exciting times ahead!

[Landyman]

By my reckoning the 45 day extension requested by the Chinese investor runs out this week. Exciting times ahead!

Will be a good time for an investor, get you money out of the Chinese stock exchange quick smart.

[jonu]

If I have read it right Mathew Hill has just exercised 1.5 million options at 1.1 cents (announcement Friday). Exercising options at a substantial premium to market by the Executive Director:t_up::t_up::t_up:

[digger]

If I have read it right Mathew Hill has just exercised 1.5 million options at 1.1 cents (announcement Friday). Exercising options at a substantial premium to market by the Executive Director:t_up::t_up::t_up:

Can you get a copy of that,as I missed it.

[jonu]

Can you get a copy of that,as I missed it.

Attempting to attach it now. Haven't done this on here before. Hope it works

[jonu]

Reading it further, it is clear he purchased some shares on market in 3 distinct purchases. Not so clear is whether he exercised the options or is only a holder of them???

[silverblizzard888]

He has 1.5 million in options which can be exercised at 1.1 cents but he has not yet exercised them. Its just declaring he has them, he did not exercise his options, please read more clearly. All he did was buy some on the market 3 times.

[jonu]

He has 1.5 million in options which can be exercised at 1.1 cents but he has not yet exercised them. Its just declaring he has them, he did not exercise his options, please read more clearly. All he did was buy some on the market 3 times.

Apologies if I have misled, but after reading it several times it is not clear to me if it is just stating he has them or has used them.

[silverblizzard888]

Apologies if I have misled, but after reading it several times it is not clear to me if it is just stating he has them or has used them.

No worries. Just remember next time that in the disclosure statement he has a duty to declare everything. The part you read was in the summary and it was regarding to detail of derivatives e.g options held and it was more just to clarify his position of everything he held related to NTL. The part you want to look at what hes done is normally in the transaction requiring disclosure part. =)

[YoungBuck]

News on the chinese investor should be out anytime right? The 45 days extension was over last week...

[jonu]

News on the chinese investor should be out anytime right? The 45 days extension was over last week...

That's my reckoning too Youngbuck. Sellers thinning rapidly on the NZX today and POG broken through $1150 USD overnight.

[jonu]

Wouldn't you just lurve one of those friday afternoon announcements? For what it's worth(probably not very much), with the sp at 0.9nz it has broken through the 30 & 100 day MA. Still, 28% above the spp on no news is not to be sneezed at:t_up:



Discl. Lucky enough to pick up another 450k yesterday at .7nz. Holding tight

[digger]

So what was Vince -the bad administrator-removing this thread all about? Anyone know?

[silverblizzard888]

So what was Vince -the bad administrator-removing this thread all about? Anyone know?

No idea, I thought it was quite random. Not like we are tossing insults at each other. Maybe he was bitter about the share price and in the past, but now that its back up, its all sweet again =P

[Crackity]

So what was Vince -the bad administrator-removing this thread all about? Anyone know?

Careful Digger - people have been banned for a day for less!

I find it useful to think of sharetrader as North Korea and Vince as
Kim Jong-un

[jonu]

As I mentioned on the "After market lounge " thread, I personal messaged Vince Friday evening, not long after the PEB and NTL threads were "closed for the interim". Haven't had a reply. I don't understand the need to operate in such a cloak and dagger fashion.

[bucko]

What happened? The thread got removed? maybe it was a mistake if it's back up now?

Haha i notice a few people have bans for questioning it lol I'm not sure how the whole admin thing works on here, are we allowed to ask them what happened?

Jonu would be quite happy this morning picking up that chunk at .7 and its back to 1 today! (not that he can gloat with that Ban in place haha)

[Landyman]

Another bad day on the sharemarkets in China - seems like a good time for them to invest offshore!

[Landyman]

Almost $30k of buy/sell today. Whats going on, the market has finally woken up to NTL? TIme to get my sell order in at 10c :-)

[silverblizzard888]

Well the question on everyones minds are where do we run when the sky comes falling? ...... Gold!!!

[bullish]

Well the question on everyones minds are where do we run when the sky comes falling? ...... Gold!!!

You mean gold which sits at 1750 NZD per oz!!! :) When was the last time we saw those levels....mid 2013

[Antipodean]

You mean gold which sits at 1750 NZD per oz!!! :) When was the last time we saw those levels....mid 2013

Yes better to dig it up and sell it offshore at those prices.

Someone is keen to keep closing price down with a 15,000 trade @ 0.8 right on 5:00:11pm ($120)

[gmatt]

Yes better to dig it up and sell it offshore at those prices.

Someone is keen to keep closing price down with a 15,000 trade @ 0.8 right on 5:00:11pm ($120)

What would be the reason to keep closing price down? I think today has been the highest volume turnover day for the year ........ interest building.

[Absolute144]

What would be the reason to keep closing price down? I think today has been the highest volume turnover day for the year ........ interest building.

Possibly one of todays big buyers. To keep em cheap:p

[Landyman]

Doh, they rejected my sell at 6.9cents. I was so confident too :p

[jonu]

From the AGM meeting agenda, Mathew Hill and James Mckee taking up 10 million shares each at 0.07, which is them taking up the shortfall from the spp.

Management putting their money where their mouth is. Now that's what I call confidence in what they are doing. As at 14 August M Hill had only 2.6 million shares, so this isn't just a bookwork tidyup, this is them jumping in now!

[Crow]

Still waiting on that investor announcement. Even if you classed the 45 days as purely 45 working days ......They should be up by now surely.

[digger]

Still waiting on that investor announcement. Even if you classed the 45 days as purely 45 working days ......They should be up by now surely.

I would say for all practical purposes this chinese investor does not exist. The china meltdown will be the excuse.
I will be going to the AGM on 11 th sept. Been waiting a long time now for this bulk sampling to start up. How much longer?

[Bobcat.]

The Chinese are very interested in Gold at the right price, which is why they have been increasing their holdings. They want to strengthen the credibility of their currency (Yuan = Renminbi) ahead of their bid next month to join the very exclusive Special Drawing Rights (SDR = global currency) club within the IMF. With a smidgen of Govt backing they could easily invest in NTL. If the earlier Chinese investors have vanished into thin air there'll be a thousand more not far away from this little gem.

Discl: holding, and looking to buy more.

[BigBob]

Anyone going to the AGM today...?

It would obviously be great to get an update on the Chinese investor situation and if that is not forthcoming, maybe someone could ask them exactly when the 45 days are up... By my calculations 45 days from 1 July came and went on August 15 and 45 working days was early September.... Anyway, as I have stated before I do feel a sense of deja vue here, so am not really expecting anything positive... Then again, you never know....

[Landyman]

Seems like someone did, and just sold down at 0.8

[Bobcat.]

They are running out of cash and have hinted at another capital raising. See the chairman's address released today.

[BigBob]

They are running out of cash and have hinted at another capital raising. See the chairman's address released today.

Yeah, that's how I see it too.... Amazing that the chairman's address didn't even mention the Chinese...!

[Paint it Black]

Yeah, that's how I see it too.... Amazing that the chairman's address didn't even mention the Chinese...!

I went to the AGM after being greeted by the placard wavers. The Chinese were later discussed and basically the discussions are still taking place but the negotiations are difficult. I thought the presentations were every good from Wayne Chowles on the valuable resource now available with the old historic working drawings - much painstaking detail of the gold concentrations removed and extent of the underground workings which evidently align very well with the workings now being resurveyed. Also Ian Pringle gave us an upbeat on the recent exploration results from BPL (which NTL has 18%). They was quite a lot of discussion on the synergy potentially available with Oceania when they conclude the purchase of the Newmont mine in Waihi and the possible JV with Newcrest on the Rahu saddle. The bulk sampling is getting close but another $1.5 million is really needed to set it up properly and maximise production efficiency. I came away past the last placard waver content NTL is in very good hands and the rewards will eventually come.

[digger]

I went to the AGM after being greeted by the placard wavers. The Chinese were later discussed and basically the discussions are still taking place but the negotiations are difficult. I thought the presentations were every good from Wayne Chowles on the valuable resource now available with the old historic working drawings - much painstaking detail of the gold concentrations removed and extent of the underground workings which evidently align very well with the workings now being resurveyed. Also Ian Pringle gave us an upbeat on the recent exploration results from BPL (which NTL has 18%). They was quite a lot of discussion on the synergy potentially available with Oceania when they conclude the purchase of the Newmont mine in Waihi and the possible JV with Newcrest on the Rahu saddle. The bulk sampling is getting close but another $1.5 million is really needed to set it up properly and maximise production efficiency. I came away past the last placard waver content NTL is in very good hands and the rewards will eventually come.

Yes I was there and the one who asked about the Chinese investor. You have painted [PUN] it about right Paint it Black from what I took out of the meeting. I was also the first investor to arrive,[the further you are the sooner you arrive at a meeting] and had a pre run of things to come. Of interest to me is what happened to the 400,000 dollar investor. It appears that that investor took on a commentment to deliver on his promise and from the company It seems it is a legal responsibility to complete. Apparently this investor says he or she will but as yet no money has been forthcoming.
Another point brought up was that the falling NZ dollar is matching very well the falling gold price in US dollars. In fact at $1750 NZ you have to go back more than a decade to get a better NZ price. Before the meeting I was told that our cost to extract was about 1100 but During the meeting the report got down to about 800. Even at 1100 there is a good profit.
I also before or after the meeting talked about the promises made last AGM about where we would be by now. It seems to me we are still about somewhere going to bulk sample just like this time last year. This big delay was blamed on the court action but now the company have agreed that that is behind us and the greenies can take no more legal action to cause delays.Well it would be much more complicated in the legal world.

Our chairman and CEO will each buy 10 million shares each at the last issue rate and from what I can find must pay for them before the 90 days from july when the release was announced. This is very positive and makes me wonder if the RAHU discussions with Newcrest might be a little more advanced than we have been led to believe.
I am very hopeful that by this time next year we have advanced some of these projects.

[Stumpynuts]

Did anybody get a copy of this "important notice" before the AGM?

http://www.sunlive.co.nz/news/109045-protesters-accuse-new-talisman.html

[Absolute144]

Did anybody get a copy of this "important notice" before the AGM?

http://www.sunlive.co.nz/news/109045-protesters-accuse-new-talisman.html

Interesting article. There is a saying that goes: "Any publicity is good publicity.". Though it is not strictly always true, in this instance I think its more likely to have a positive effect and free advertising. It raises the publicty of a start up gold mine operating in New Zealand under a very favourable exchange rate. So its an investment to consider for those who were not previously aware.

Talisman already have stated they have a water management plan that will recycle the water necessary for operations and it is separated from the river. So i only see some of the statements by the protesters in the article appear to be scaremongering.

That's my take.

[digger]

Interesting article. There is a saying that goes: "Any publicity is good publicity.". Though it is not strictly always true, in this instance I think its more likely to have a positive effect and free advertising. It raises the publicty of a start up gold mine operating in New Zealand under a very favourable exchange rate. So its an investment to consider for those who were not previously aware.

Talisman already have stated they have a water management plan that will recycle the water necessary for operations and it is separated from the river. So i only see some of the statements by the protesters in the article appear to be scaremongering.

That's my take.

The statement that NTL was going to use river water then place it back in the river after use was one of the court points that the protesters conceeded was just not true.Still if they keep trying on that one they could have action against them as it is a specific matter now dealt with.

[Stumpynuts]

The statement that NTL was going to use river water then place it back in the river after use was one of the court points that the protesters conceeded was just not true.Still if they keep trying on that one they could have action against them as it is a specific matter now dealt with.


Yes I've always known that the local water supplies wasn't going to be an issue as it was one of the key points on getting signoff from HDC.
I was curious to know if anybody who actually attended the AGM was supposedly given a copy of the letter by email?
I'm curious if it was somebody who posts in here who was involved in getting this fake letter out there?

I wonder if the letter could be considered as fraudulent activity, or something that could be scrutinised through legal avenues? (A case of libel action wanting perhaps)
Wouldn't want NTL to waste more time with legal action of course, rather they got on with the job.

[jonu]

Yes I've always known that the local water supplies wasn't going to be an issue as it was one of the key points on getting signoff from HDC.
I was curious to know if anybody who actually attended the AGM was supposedly given a copy of the letter by email?
I'm curious if it was somebody who posts in here who was involved in getting this fake letter out there?

I wonder if the letter could be considered as fraudulent activity, or something that could be scrutinised through legal avenues? (A case of libel action wanting perhaps)
Wouldn't want NTL to waste more time with legal action of course, rather they got on with the job.

If someone has used NTL letterhead for a fake letter it's fraud. The protest group say it came from a shareholder which is possible two ways. Some fool thinking they are helping by directing the protestors to the wrong building; or just as likely, I'm sure some of the protest group will be shareholders to make sure they get as much info on the company as they can.

Given the protest group's willingness to ignore points that they have already conceded (water quality) I wouldn't put it past them to be doing this as some sort of smear campaign.

[Stumpynuts]

If someone has used NTL letterhead for a fake letter it's fraud. The protest group say it came from a shareholder which is possible two ways. Some fool thinking they are helping by directing the protestors to the wrong building; or just as likely, I'm sure some of the protest group will be shareholders to make sure they get as much info on the company as they can.

Given the protest group's willingness to ignore points that they have already conceded (water quality) I wouldn't put it past them to be doing this as some sort of smear campaign.


You just don't know.....

[Absolute144]

http://goldprice.org/charts/history/gold_2_year_o_b_nzd.png?0.36015724623575807


Yep, not bad eh.

[Landyman]

http://goldprice.org/charts/history/gold_2_year_o_b_nzd.png?0.36015724623575807


Yep, not bad eh.

Seems an inverse correlation to the NTL SP though - Im hoping I pick up some at 0.7 today though!

[jonu]

I spoke to management at the time of the ASM and one thing that has flown under the radar is that they are expecting any time soon the ruling from Crown Minerals as to whether Rahu is considered contiguous with their existing operation. They seem quietly confident. This holds massive potential upside for NTL and is probably why they haven't been in a particular hurry to nail a JV partner.

[digger]

I spoke to management at the time of the ASM and one thing that has flown under the radar is that they are expecting any time soon the ruling from Crown Minerals as to whether Rahu is considered contiguous with their existing operation. They seem quietly confident. This holds massive potential upside for NTL and is probably why they haven't been in a particular hurry to nail a JV partner.

Or why the CEO and Chairman were in a particular hurry to get 10million shares each at the last issue price of .7 cent. Still it adds up to a good sign.

[Landyman]

Couple of shares at 0.7 for me today :-)

[gmatt]

Good buying ......... but why would anyone be selling at 0.7 now when we're not that far off ....... saying that, the chairman's address at AGM didn't reveal a lot ..... maybe more in the next Quarterly Report?

[jonu]

Have put more of my money where my mouth is this morning and happy to pick up another lump (nugget) at 0.8NZD. That's me on bid at 0.8 with the balance of my order. I had topped up about a month ago at 0.7 and was going to sit but decided to lock in a profit else where and load (mother-lode that is) up on NTL with the proceeds.

[Landyman]

And a Chinese flop

NTL
29/09/2015 12:26
GENERAL
PRICE SENSITIVE
REL: 1226 HRS New Talisman Gold Mines Limited

GENERAL: NTL: Chinese Investor Update

29th September 2015

FOR IMMEDIATE RELEASE

CHINESE INVESTOR UPDATE: NTL ISSUES LETTER OF DEMAND

New Talisman today announces that investor Mr Yang Xia has failed to settle
the proposed investment by him in 182,855,330 ordinary shares in the company
at a price of .008 per share, as contemplated by the Term Sheet announced on
10th June 2015 between the company and Mr Xia.

The board of NTL is currently considering the options available to it and
taking legal advice. It has issued a letter of demand to Mr Xia.

At the recent AGM NTL shareholders passed a resolution which allows NTL to
complete the transaction contemplated by the Term Sheet without the need for
further shareholder approval.

Matthew Hill
Chief Executive Officer
New Talisman Gold Mines Limited
matt@newtalisman.co.nz

[jonu]

Not great news but hardly unexpected after all this time. Hopefully they can pick up some sort of fee/costs. I doubt whether its worth pursuing legally at any length. Do they really want an antagonistic shareholder?

I still think great things are just around the corner for NTL. Yeah, I know, I'm ever the optimist.

[Landyman]

I just grabbed a bunch more at 0.7. Maybe time to put in offers at 0.5

[Landyman]

CONSENT TO ENTER AND OPERATE RENEWED

New Talisman today announces that it has recently received renewal of its
permission to Enter and Operate the Talisman mine from the Department of
Conservation, based on the work program submitted.

The consent allows NTL to commence operations at the Talisman mine in
accordance with the conditions of the resource consent obtained from the
Hauraki District Council in December 2013.

Matt Hill CEO said "renewal of the authority is in line with the project plan
at Talisman and in conjunction with the Resource Consents granted by Hauraki
District Council allows for the extraction of up to 20,000 cubic metres of
ore per annum."

The board of NTL is currently awaiting the result of its application at Rahu
for an extension of Land which would increase the area covered by its current
mining Permit.

Offers back up?

[elZorro]

From NZResources today, nothing new in here perhaps.


30/9/2015 — Gold
Capital injection for New Talisman now under question

New Talisman Gold Mines Ltd (NZX & ASX: NTL) is now looking at its options after a proposed large Chinese investor failed to complete the transaction.
The company reported yesterday that Yang Xia has failed to settle the proposed investment of 182,855,330 ordinary shares in the company at a price of .008 per share. This was, NTL said, as contemplated by a term sheet struck on June 10.
Chief executive Matthew Hill said the board had issued a letter of demand to Xia.
Separately yesterday NTL disclosed it has received renewal of permission to enter and operate the historic Talisman mine at Karanghake from the Department of Conservation (DoC).
The consent allows NTL to start operations on re-developing the Talisman mine under conditions obtained from the Hauraki District Council in December 2013.
Hill commented that the renewal was in line with the project plan that allows for extraction of up to 20,000 cubic metres of ore per annum.
NTL was now awaiting the result of its application at Rahu for an extension of Land which would increase the area covered by its current mining permit.
NZResources.com reported recently that a clearance for Rahu could be a prelude to big Australian miner Newcrest Mining Ltd (ASX: NCM) becoming a joint venture partner for this target, seen as a potential geological clone to the old Karangahake mines.

[jonu]

El Z it's that last paragraph that underlines why NTL won't be overly bothered by this withdrawal. They have the opportunity to get a much better deal on the table with Newcrest and be negotiating from a position of strength; not cap in hand

[elZorro]

El Z it's that last paragraph that underlines why NTL won't be overly bothered by this withdrawal. They have the opportunity to get a much better deal on the table with Newcrest and be negotiating from a position of strength; not cap in hand

Yes, that's true. Although the big guys sometimes wait in the wings for a good deal, a bit like what I saw happening with GEL/AXG nearby. It won't be long before OGC is spending some more exploration money in the area. They will effectively obtain the exploration permits for a bargain.

2nd Oct: McKee and Hill each bought $70,000 worth of shares in NTL to help make up a shortfall in capital raising.

[bullish]

Yes, that's true. Although the big guys sometimes wait in the wings for a good deal, a bit like what I saw happening with GEL/AXG nearby. It won't be long before OGC is spending some more exploration money in the area. They will effectively obtain the exploration permits for a bargain.

2nd Oct: McKee and Hill each bought $70,000 worth of shares in NTL to help make up a shortfall in capital raising.


ELZ

Look at the Laneway announcement. It shows the overall picture. NTL own the centerpiece and the only resource at Rahu, the Laneway area which Newcrest now have a deal on is on the extremities. It makes such very hard for anyone else to come in as they could only work on NTL ground which for a major is too small from the perspective of logistics. I doubt Newcrest would venture all the way from Aus to NZ to do exploration for anything less than 500K + ounces or it simply doesnt warrant doing such here in NZ. They therefore must see something in Rahu to have built a play around such. The devil is in the details of the HOA between NTL and Newcrest which has not been disclosed but one could speculate must be comparative to Laneway deal. Rahu has been held by NTL/Heritage for 20 years and their technical info released appears to suggest they believe a similar vein system to Talisman exists at Depth. All potentially very good upside for NTL while they focus on Talisman.

[jonu]

Sellers evaporating on the NZX. I think holders have wised up to what's around the corner. I'd be surprised to see any large parcels trade below 1c now.

[Stumpynuts]

Sellers evaporating on the NZX. I think holders have wised up to what's around the corner. I'd be surprised to see any large parcels trade below 1c now.


When 2 members of the exec team each put up $70k of their own money then you know something's cooking...

[jonu]

When 2 members of the exec team each put up $70k of their own money then you know something's cooking...

Hubble, bubble, boil and....no trouble:D Apologies to Spokeshave.

[Landyman]

Hubble, bubble, boil and....no trouble:D Apologies to Spokeshave.

Bubbling all the way to 1c. Nice.

[YoungBuck]

Very excited about NTL and it looks like the gold price is heading north.

[jonu]

Pertinent to this thread is OGC announcing they now have regulatory approval to purchase Waihi. I didn't realise they were waiting on this, but it surely must open the way for them to announce their intentions or progress discussions with NTL.

[jonu]

Pertinent to this thread is OGC announcing they now have regulatory approval to purchase Waihi. I didn't realise they were waiting on this, but it surely must open the way for them to announce their intentions or progress discussions with NTL.


Furthermore, I can't figure out how to transfer from the OGC thread, but Mick Wilkes (OGC Boss) quoted as saying (paraphrased) looking to work with local stakeholders to gain efficiencies and extend mine life.

That has to be a nod and a wink to NTL IMHO.

[Landyman]

All thread members are working the mine and about to come back to the surface with great news stories about payloads, best investment ever, and general back patting. All is quiet.

[gmatt]

All thread members are working the mine and about to come back to the surface with great news stories about payloads, best investment ever, and general back patting. All is quiet.

But when will they surface?? We've been waiting a long time!! If ever patience was needed :-)

[Stumpynuts]

But when will they surface?? We've been waiting a long time!! If ever patience was needed :-)


I first invested back in 2006 under HGD.
Anybody else invest and holding from an earlier date?

[Landyman]

I first invested back in 2006 under HGD.
Anybody else invest and holding from an earlier date?

THink I was 2008 - lets just say my holding cost is slightly higher than todays SP. ;)

[Absolute144]

What does the extension of land application at Rahu potentially mean for NTL if approved?

[jonu]

What does the extension of land application at Rahu potentially mean for NTL if approved?

I think I'm correct in saying it means it can all come under the same RC. I gather if geologically it is deemed to be part of the same goldfield it can all be lumped together. That means all those extra ozs are there for the taking.

[Stumpynuts]

I think I'm correct in saying it means it can all come under the same RC. I gather if geologically it is deemed to be part of the same goldfield it can all be lumped together. That means all those extra ozs are there for the taking.

If Rahu permit is granted then there is no need to go through all the hurdles required to get a mining permit that Talisman went through.
We all know how many years and red tape it to to get mining permit granted for Talisman.

I've said before - I believe the real value in NTL will be unlocked when phase 2 starts, when they target mystery vein and the deeper parts of the existing Talisman mine.
However what's unknown is whether some of those deeper veins and the majority of higher gold grades end up falling under Rahu?

[Absolute144]

If Rahu permit is granted then there is no need to go through all the hurdles required to get a mining permit that Talisman went through.
We all know how many years and red tape it to to get mining permit granted for Talisman.

I've said before - I believe the real value in NTL will be unlocked when phase 2 starts, when they target mystery vein and the deeper parts of the existing Talisman mine.
However what's unknown is whether some of those deeper veins and the majority of higher gold grades end up falling under Rahu?


Thanks for the explanation. Cheers

[Absolute144]

And Jonu ...Thanks.

[Landyman]

Latest update, I like this:

"Analysis of Geological database
During the period the technical team began the task of reviewing the technical data provided on
Talisman and surrounding area. Whilst a significant proportion of the data has been digitised further
work is required to enhance the model to a position of being able to be utilised for mine planning
and exploration targeting purposes. In reviewing the data however the company has noted historic
samples taken from the deeper areas of the mine which indicate bullion grades of considerable
interest in areas which were previously not known to NTL. "

[YoungBuck]

Good stuff, looking forward to the coming year with NTL.

[jonu]

Good stuff, looking forward to the coming year with NTL.

I'm hoping more like the next month:cool: NZ Minerals can't be too much longer. Then watch this puppy fly-that's puppy not pig:eek2:

[Hawkeye]

I'm hoping more like the next month:cool: NZ Minerals can't be too much longer. Then watch this puppy fly-that's puppy not pig:eek2:

Are you going to kick it?

[jonu]

Are you going to kick it?

The sleeping dog? I'm in, with what for me is an awfully large amount, with an average of 0.756 so I'm happy to await the report.

[cammo]

I reckon these guys don't actually know how to mine. So they just keep doing research, testing grades of junk left over from eons ago,giving the locals the finger and pulling skids in the township to wind up the eco hippies so they challenge them. How many more hurdles can they pile up before someone actually starts crushing some rock and getting it up the road? GAFMO you pack of overpaid roosters.

I bought into AVB recently. They put up drone video of their construction every few months. Impressive demonstration of ability and management. They will start the new mine in a few months time.

New Zealand is too tolerant of under talented people trying to do things that require ability and knowledge. Hell, employ a couple of your cronies too. Number 8 wire finished ok 50 years ago, nowadays we just look like banjo playing cleetus hillbillies. Maybe CC crp and DD peb should be lumped in here too...drag salaries out for years on nuttin but drivel on a piece of a4.

[Baa_Baa]

... snip ... 23 June 2015

Who knows though, you might even thank me for drawing your attention to this stock at this relative moment...

Thank you?, not. It's down only about 15% now 5 months later, albeit I got a wet shoulder from the crying eyes after pointing out this is a platform for the clever to fleece the minnows - and I liked crakity's canny reference to being a miner of shareholders loot, not of gold.

Meanwhile it's been back to 1 whole cent, and then sadly back to .006 down 40%, so whom of the minnows is funding the clever spruiker(s) who are making fabulous profits trading the swing?

I see that gold looks likely now to go to US$1000 and who knows where after that, but at NZ$1600 or so, you'd think a miner with proven reserves would be creaming it. Maybe there's no mining going on, still.

[jonu]

Thank you?, not. It's down only about 15% now 5 months later, albeit I got a wet shoulder from the crying eyes after pointing out this is a platform for the clever to fleece the minnows - and I liked crakity's canny reference to being a miner of shareholders loot, not of gold.

Meanwhile it's been back to 1 whole cent, and then sadly back to .006 down 40%, so whom of the minnows is funding the clever spruiker(s) who are making fabulous profits trading the swing?

I see that gold looks likely now to go to US$1000 and who knows where after that, but at NZ$1600 or so, you'd think a miner with proven reserves would be creaming it. Maybe there's no mining going on, still.

Look's like this stock is not for you Baa. It has bounced around a bit the last few months but on very low volume so I doubt any one has been making "fabulous profits".

If you know where the POG is going you should absolutely be in the mining game. Good luck with that one!

I see you have done plenty to keep VML's flag flying on this forum. Last time I looked it was trading about 10% down on the last cap raising. NTL's last spp was 0.7 which is what it last traded at. I'm annoyed at the slow pace but still feel the upside potential is exponential. No doubt you feel the same way about VML. Horses for courses!

[Absolute144]

I reckon these guys don't actually know how to mine. So they just keep doing research, testing grades of junk left over from eons ago,giving the locals the finger and pulling skids in the township to wind up the eco hippies so they challenge them. How many more hurdles can they pile up before someone actually starts crushing some rock and getting it up the road? GAFMO you pack of overpaid roosters..

Are they not still also waiting for approval of their traffic management plan? They wont be able to get much underway until that is approved.

They still need some funding for mining equipment, which should be available because of the downturn - but will be paying us dollars, best to buy it while the exchange rate is ok.

The main concentration now though will be proving Rahu is part of the same resource. That's what in hoping is the announcement soon.

I reckon if i think it was Mr Xiang Xia, stumped up with the $ at .008 things would have moved a bit faster. He probably couldn't get $ out of china at the time or lost considerable spare cash in the china crash, which could have made him nervous. May also not have liked to pay a premium over NTL shareholders, but that's what to expect when you want such a big parcel, where else could you get so much. Probably not on market. Maybe off market if you knew who rub shoulders with, but obviously they would have to be bearish sentment on the mine.

If us raises interest, gold will drop, but any drop will be offset by devaluing of nzd/usd i think.