..the beat goes on
https://youtu.be/bS3O5zg290k
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..the beat goes on
https://youtu.be/bS3O5zg290k
So how much gold did we dig up this quarter after all that is what we are here for ?
I recall reading that Broken Hill ore was processed at OceanaGold in Waihi?
It is not processed by Broken Hills Historic Mine themselves as that would not be economic."
http://www.uniquelynz.com/nzgold-p2.htm
"
And I recall reading Broken Hill hasn't operated for 5 years due to Health & Safety ?
And we must not forget that at $2600 an oz a shareholder might reasonably expect the Talisman mine would be profitable. But no in this latest update we are advised that NTL need bigger scale and to that end they think that Broken Hill ( could be good nick name for Mathew) and Vanuatu will solve the problem. The company is now pointing out to us that H&S and also the consenting process is what makes mining expensive in NZ. But this is a mine with grades amongst the highest in the world or so we are told. Remember the Dubbo carrot of 1kg / tonne of gold and then of course that came to nothing because that was in an area that was totally unstable and very dangerous to mine. And The Mystery vein continues to be a mystery.
I could write a book about this company.
Fool me once Mr Hill shame on you. Fool me twice shame on me. I am deeply embarrassed by my investment with this company.
I feel sorry for the shareholders. I am nearly out completely but nearly as I am part of the queue selling @ 0.6 c. I will keep a few so that I can turn up to the next shareholders meeting. I hope it will be very entertaining.
Yes it is a no win situation - useless board and useless management. The shareholders have to get rid of the board and replace them with competent people and then the new switched on board has to fire and rehire the management team. This is too hard and is not going to happen. The alternative is that the company becomes a shell and is purchased and taken private by someone who understands mining. Of course this will not be of any use to current shareholders. Board and management understand this. No accountability.
So out of recent announcements - NTL is looking towards a further collection of broken dysfunctional
prospects presumably at a premium cost / value / swap - due to pink tints worn with a bit of talking them
up somewhere ;)
If we look at the existing Talisman Project, will NTL's remaining resources cover getting this to 'extracting
the gold stuff' to a marketable processed finished stage or possibly not ? ;)
If not, the existing project which NTL has doesn't have resources to bring up to 'operating producing stage'
As for the new collection of proposed broken disfunctional & possibly dormant bits & pieces, warts
deficiencies & all - what of all the further loot to bring these up from token 'White Elephant stage' up to
operational or even looking that way ? ;)
How deep is the vast pit that money may be seemingly chucked into by the bucket full for the new lot of broken bits ?
The answer probably lies in the millions thrown at and around Talisman itself over the years.. does it not ? ;)
The non functioning Broken A** Hobby Mine may require less to throw out a few grams here and there
so it looks a little better than a Hobby outfit, but what of Vanuatu ?
Is what is coming out - potentially looking like the dubious territory of adding / incurring obligations NTL
clearly has inadequate / insufficient resources to fund/finance or cover from reasonably expected sources ? ;)
Then all existing overheads etc being incurred as seen quarterly are needing to be thrown in the mix
to be funded from somewhere .. ;)
Borrowing is possibly out of the question - who would lend on a few holes in the ground that have seen little more than a
bit of poke around down under, no freehold owned , no tangible revenue flowing in to speak of ? ;)
A SP sitting not far off the bones of it's A** (after past similar unpopular dilutionary fundraising antics) probably
doesn't assist trying a further Cap Raise either, as many more wake up fast & hoof it a billion miles away fearing
being slam-dunked and unceremoniously diluted across to the other side of the galaxy .. ;)
So good luck with that avenue too, as past announced talk ups & hot air come badly unstuck .. ;)
That's a heck of a long way of saying, Talisman is basically pronounced a dead duck, that they've bought into a couple of minnow long shots without consulting shareholders, and the next cap raise is around the corner cos they've got no money to progress anything much. All the while not delivering any gold or commercial success, again.
The only thing that will stop this charade is a failed cap raise and the company fails. Odds are though, based on twenty+ years of history is that greater fools will stump up the ponies to eek out this company's eye watering failures and excessive salaries.
Honestly this is better than a soap opera, but clearly there are still people not watching it through channel ST.