With the ore concentrators in place and working properly 20,000 oz should be easily achievable.
We must not forget that there is probably a good chance of a resource upgrade in the following weeks
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Has anyone out there got NTLOA 5.5c options on the Australia Register?
Computershare say I do, But they are quoted in the asx as NTLOB.
NTLOA are the 0.02 options expiring this year, they are only quoted on the NZX I understand.
NTLOB are the 0.055 recent spp options expiring in 2022 - quoted on both ASX and NZX.
wk6332 - if you bought in aud under the recent spp your options are displaying as intended.
Either way, the register is the source of truth should there be any discrepancies.
Back from tramping up in those hills with the family, had a little dig in the rivers for gold but didn't find any.
However did find the "Tailsman" tavern in Katikati and I highly recommend the "Rock Bread" the service and the food.
If the New Tailsman is half as good as the Tailsman tavern all the share holders are on to a winner !!!
Have had shares in NTL for quite a few months now, but have only just signed up to this forum. So rather than being a spectator, I can now give my 2 cents worth.
Firstly, I have to say I have been really disappointed with the handling of the SPP. And disappointed with the NZX announcements. Not just the timing, but also the content mistakes. Not very professional. But that is all history now.
So unless I’m missing something, and I would sure appreciate it being pointed out if I am:
1. Just over 2 billion shares issued.
2. Just over $20 million in the bank.
3. Current share price 2 cents.
4. Current market cap therefore about $40 million.
5. Current asset backing (just with money in the bank) = 1cent (or $20 million).
6. So is the current value of the company with the permits and consents given, infrastructure in place, JORC assessments released (and more to come), the POG where it is at the moment, and extraction of ore about to begin, worth the 1 cent (or $20 million) ‘premium’?!
It’s a bit of a no brainer IMHO. I’m planning on this being a big contributor to my retirement. I hope I’m not disappointed, but time will tell.
Hi dubya. I don't know where you get the 20 million in the bank figure from. They had about 6 million in the bank before they started the refurbishment spend, and said it gave them enough funding until 2020. They have since raised approx 1.7 million in the SPP. We won't know how much comes in through the shortfall until late this month, and then there is the november options due as well.
Yeah thanks Jonu. Not sure where I got it from now either lol. Guess it was a Monday morning brain fade. Cheers
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