Hey Gr8
They just finished the upgrades in the last few weeks according to their latest presentation.
The buzz if you would call it that in Waihi all about one mine.....:) and how to hug a tree and kiss a frog.....
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..........you'll never talk this one up Moosie.......but good try!! ( we've all heard it before AND for way too long).....time for the talking to stop and the shovels to come out. That cud still be sometime away, but then good things do take time.......yawn.
Gr8 your pretty bearish.....there appears to be movement at the station here. clearly you havent read anything before casting a shot. (evidenced from your thought that the road was upgraded many years ago versus this year!!). Thus the shovels seem to be out.
I tend to agree with the moose...they have shifted to developer and are making good inroads its seems. They jumped 46% in Aus up 10% or so here last week and there they remain....The oppies look like a go but not much out there .....
The prefeas due out this Q will be interesting particularly with Wayne Chowles who is a specialist engineer in gold from my read......Go wayne and New Talisman team get it home...!
Before we all get inundated with enthusiasm I have a link for you to have a look at if you haven't already.It gives you an idea of the amount of work that went on there in the early 1900s and how they went about it. Very interesting read.
The Ohinemuri flooded to the level of the dartboards at the Waikino pub in the early 80s and took out several buildings on the opposite side of the road, dont know if that flooded the mines such as they were but be aware it can get a bit dicey around the Karangahake when it rains heavily.
Disc: Holding NTL just in case.:D
www.ohinemuri.org.nz/journal/43/talisman_mine.htm
.....Yes I remember the flood well Major......lived just down the road for many years. Bullish.....perhaps you havnt been around this stock long enough?...........just prepare yourself for yet another "ask" ( and another dilution) to buy a few more shovels!.......but I hope your right and Im wrong.......HOLDER.
Gr8Day
They will raise further I am realistic about the costs to move from explorer to junior develop/producer - as long as they deliver their prefeas showing the costs and options forward thats good progress as it means they are doing what they say.
Give the new guys a chance to get into the saddle. Hasnt been long and they have made great progress. The price is back up to last rights issue add back the oppies and they seem better than issue. I havent seen Canaccord raise on any other juniors here and even in aus not underwritten have you? GEL market cap very high with bugger all resource. These guys have a JORC compliant resource and little market cap.
Major - The targets they have are in level 7 or 8 I think and above where the old timers flying fox took ore down not sure how flood prone up the mountain is. :confused:
DISC : Not holding.....YET.......DYOR
........hey good work BULLISH.......your obviously better informed on this one than I am.....even tho Im a (yawn) HOLDER! Keep us posted m8 with any further info please cos' quite frankly I cant be bothered ( yawn again)!!
Cant see much flooding up the mountain if that is where it is all happening - I was meaning more the access roads and bridges being taken out in a severe flood and subsequent loss of production. Also
some parts of the mine are actually below sea level. One wonders how much pumping will be required if any at the proposed levels. Worked in the Coromandel many years ago in the Tairua Forest. The whole place is riddled with mine shafts. I doubt they got everything with hand tools.
Maybe modern mining methods and machinery will make many men millions. :D
Whether it is at NTL remains to be seen.
Sure hope so.
Anyone think there will be a capital raising in the near future? Sorry if its been answered previously - its late (forgive my laziness)
Unsure, depends on how much drilling is going to happen soon. It doesn't cost too much for planning exploration procedures and background work.
Thanks for the data supplied earlier in the thread. The mines now held by NTL delivered about 622,000 oz of gold over a 20-odd year period, with an average grade of 27.8 g/tonne. These days that's a huge grade. The same ore held 129g/tonne of silver. All up 3.5Moz of bullion taken out.
The new Mystery Vein discovered in 1980 is at a more modest grade of 6.9 g/tonne, but that's still OK. 205,000 oz as JORC to start with.
Not long ago I made a complaint to the FMA regarding my suspicions of market manipulation about massive small parcels of shares being traded... This is what they said:
"OL stands for "Odd Lot" referring to trades of a very small size and appears when algorithmic trading takes place. The use of automated algorithmic ('algo') trading has been steadily rising on the NZ market for the past 2 years. In and of itself this type of trading is not considered manipulative. This trading was likely to be part of an automated trading strategy.
Odd Lot trades do not contribute to market statistics recorded, such as “last price”, “high” or “low”."
However, if someone was looking just at recent trades then they may be "goofed" (great terminology moosie)...
I think those numbers are residual from trades where 10000 say have been for sale and someone only wanted 9957 to round off their own holding. Have you never bought or sold shares where they come through as small parcels. I sold some AIR once and they came through in 26 small parcels for the total.They were all combined on the contract note so all good.:eek2:
You may also get the situation where a seller of 10000 gets 9900 sold and goes .5 or 1 lower with the remaining 100 on the same contract just to finish up. Getting back to talisman - we are dealing with pretty low numbers here and wild gyrations are to be expected if going up .002 amounts to 14%
If you have several million it makes a difference alright but you still have to sell them. This is one step at a time this venture by the look of it. Back of the bottom drawer I think. Patience
Dont forget the exchange rate and Aussie Tax
Good on yer, mate
Your enthusiasm knows no bounds, Moosie. Trust you will be equally so when they are under 1.2 and you will be adding to your stake no doubt. Nothing like a goldmine to get the punters stirred up.
Disc: Holding NTL @ 1.2 and no I wasnt the buyer
Gold is a beautiful, amazing element: http://gerarddirect.com/wp-content/u...13/01/gold.jpg
I just find the prospect (no pun intended) of owning shares in a gold mine to be exciting. It's just like being part of Gold Rush: Alaska.
Who could ask for more from an investment?
1.5 1,000 14:43
Someone else is now aboard the Gold Rush: Alaska adventure!!