NTL - New Talisman Mine - New board & Directors

[sandi]

I would have thought John would have given the shareholders an update by now.

[Daytr]

I would have thought John would have given the shareholders an update by now.

Jonu was dismissive of Delahunty's claims that the access road needed to be widened, as she put it poorly, comparing it to a motorway.
But perhaps there is more to gaining access than we are lead to believe?
As you say, either way it would be good know.
Getting information is like a trip to the dentist!

[Paint it Black]

Jonu was dismissive of Delahunty's claims that the access road needed to be widened, as she put it poorly, comparing it to a motorway.
But perhaps there is more to gaining access than we are lead to believe?
As you say, either way it would be good know.
Getting information is like a trip to the dentist!

My take is why give away 'intelligence' to the protestors. A bit of a balancing act between keeping shareholders informed and protestors even more ignorant. I'd be happier though if the imminent quarterly shows substantial progress with processing route.

[Daytr]

My take is why give away 'intelligence' to the protestors. A bit of a balancing act between keeping shareholders informed and protestors even more ignorant. I'd be happier though if the imminent quarterly shows substantial progress with processing route.

Yep agreed

[Landyman]

The imminent quarterly will need to show some news, as by last count, I think there is only enough funds to keep NTL going at current run-rate until the end of June. 31 Dec Cash circa 1.0m, whereas 30 Sept had circa 1.5m - cant remember if there were many one offs (Matty Hill matter??) in that 3 months, but 500k burn points to June = $0

Note half year report on NTL website for September 2023 still links back to September 2022 file.

Needing a miracle DOC signature soon!

But perhaps someone knows something, with NTL at a recent high of 2.3c!!!!

[silverblizzard888]

Likely a capital raising soon, either at 2 cents in the next few months or a lot higher if the approval comes through, but the current capital likely won't be enough with the unplanned delays and increases in expenses.

[Daytr]

I'm not sure how they have accounted for the $300K placement with Terra Firma or how much of that has been used.

I think a considerable amount of the $272K of admin expenses from the last report was paying out Matt Hill, but I'm not sure of the timing. Board expenses are very low.

I ballpark mining cost of around $280k to get the first 6 ton shipment of concentrate away.

So yep a small cap raise maybe required in the next few months, but I don't think it would only be imminent if they are about to outlay production costs.

If that's the case, I would prefer a small debt facility.

[winner69]

What’s happened today ….yesterday it seemed that share price was heading to .024 but it’s falling