And the price rise after the cap raise, where you can trade and buy lower.....or run.
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And the price rise after the cap raise, where you can trade and buy lower.....or run.
Have to say i'll be out at the first whiff of an uptick in price and will take a loss. I got sucked in by hype and did NOT do any research at all so I have no one to blame but myself. I have been sucked in by both gold and diamonds now, I hang my head in shame.
Just a reminder, Last day today for Full and Final SPP ( until the next one --NOT ) , imo once this is bedded down and out of the way we should be off to the races:
Permits are issued and in order.
Gold is there and ready to mine.
Crew is there and ready to start ( restart ) .
Money is committed and banked.
What else do we need in order for this to be a fantastic success ?
Hi Whatsup
Isn’t the cutoff 30th of August for Shortfall offer?
NTL hasn't traded on the ASX at all yesterday, nor today (so far) (- No, none all day).
Quite a few went through y/day on the NZX - 7m was it?
Then today, 5.7m traded, but 5m of that was in the first 8 seconds of trading, and then 657,222 at 11:09, then no more at all. (I got this data from Stockness Monster https://stocknessmonster.com/quotes/ntl.nzx/)
Does this mean anything? Well, I'll speculate, even though the situation is not very rational just now (nor usually, I suppose)
The Aussies mostly can't participate in this extended SPP (someone called it a new SPP) so aren't interested in selling at 0.7 or 0.8c to buy more. Hence no trading there.
In NZ, there was rush of sellers y/day and early this morning who either want to buy more in the SPP or who are disillusioned and just want out altogether. But now it seems the frantic trading has stopped.
As I've said before here, I'm an optimist, and I hope that panicking or desperate sellers have now dried up.
OK, I'll stick my neck out with more speculation - that there will be quite a standoff with not much trading until the end of August, when the price will increase, especially if there's some lovely shiny gold to show.
P.S. This much, at least, is rational, that the SP won't rise above 0.7 till September, while anyone can buy at 0.6875c
But what if they show us a shiny lump of gold and people flock to the SPP?? If the 15% limit is correct, then applications will have to be scaled back, won't they?
Honest question from what might be a rhetorical question.
What actually is the current state of play with this company?
They appear to have a pilot plant to test an experimental way of purifying ore before it can be further processed. Do the Resourse Consents and permits just cover this pilot plant or does it cover a full scale plant as well? I see they are hoping to produce a small amount of bullion if the pilot plant is successful but I can't see anywhere where they state the expected revenue from this? Will it make money or is it just a test process? Who is extracting the gold from the purified ore? How much does this cost? How much money is required to build the full scale plant? When are they expecting to start building the full scale plant and are they expecting another share placement at this time to cover the costs of doing so? How long will it take to build a full scale plant assuming the experimental plant is successful?
about Matt Hill:
I don't know a great deal about him, but he does have a pretty good record of directorships in many companies.
There's been a bit of critical comment about him recently on this thread. His $400k salary does seem high.
But I'd just like to say that he has considerable 'skin in the game'.
He's listed as number 4 in the top 20 shareholders of NTL with about 42 million shares, or 2.03% of all shares.
Then there's HILL FAMILY GROUP PTY LIMITED at number 10 with 28,096,507 shares or 1.35%
I'm not sure if this is Matthew's family or not.
But either way, I'd say Matthew's interests are pretty well aligned with the rest of us 'ordinary' shareholders.
@Lion,
In terms of his "skin in the game"...
What % of his shares have been purchased "on market"?
It does leave a sour taste in your mouth considering the collection plate is out every year.
Is it 18 or 19 years now that this has been going on? If you like gold, there's heaps of producing mines making profits and paying dividends that you can invest in, especially as the POG goes up. If you prefer explorers, there are many better options than NTL who have proven their exploration skills. If you want a lotto ticket in a NZ explorer that has a history of funding its insider lifestyles, NTL is the only choice.
BING, sorry, not a winning lotto ticket. How many times have you heard that? What does it take to convince that NTL is no more than a wild stab in the dark that you'll ever get your money back, while being diluted into oblivion, let alone winning the lottery? If it's not, why put your money in now and suffer opportunity cost when you can get in later on proven resources and ability to get it processed, sold and profitability?
I'd rather have nothing to do with NTL until it was producing gold profitably, then I would pay 10x the current price to get on board and ride the sentiment, rather than park my capital in a terminally underperforming and underfunded explorer waiting for the possibility that one day, just one day, it paid off.
This is gambling, it is not investing. Look inside yourselves, ask the question "am I investing in a asset that will return to me a decent income or more than my capital invested, or am I taking a wild punt on something that has serially underperformed for decades" ... then ask, "why am I doing this now, why am I committing good money to a punt when I could be making a 10 bagger elsewhere", or buying an earner that eventually pays back my entire investment capital just on dividends returned.
Honestly, NTL is an absolute dog investment. If it ever makes money people like me will be all over it like a rash and we'll be the ones making the money, not those who stumped up the lifestyle expenses of the insiders, got diluted into oblivion and who sadly eventually lost the faith and sold out at a loss, disillusioned and despondent.
Sorry folks, I don't mean to be mean and burst your bubbles but there are a ton of better places to make money in gold stocks (and other stocks) and a lot of very smart investors who can wait patiently and move on an explorer that by some twist of good luck achieves the motherload profitably.
We don't need to park our money in a cash consuming shell that funds the lifestyles of the insiders in the hope it might one day come right.
Here's a lesson for you. One company (on the ASX) that I put a $1000 punt into, it was a lot like NTL with many years of disappointment but "great future prospects", and a few Billion shares on issue.
Well, when push came to shove they consolidated at 400:1 shares (think about that), shafted the company, relisted into their own shell as a new company and I was left with about $50 bucks invested and f'all shares. I still own them just as a reminder about how cunning these foxes are at preserving their lifestyle and their income.
If it's any consolation, that company still hasn't found the motherload or made any money. My shares are worthless but it is a lesson on what can happen to you when there's a few billon shares on issue (many years of dilution) and how clever the owners can be in preserving their income, by mining their shareholders.
NTL is a perfect setup for shafting their investors, whether or not they find any gold and start producing. Be warned, it's not about you getting wealthy, it's all about them.