NTL - New Talisman Mine - New board & Directors

[blackcap]

ASB rejected my sale order of 6,690,000 shares at 15c

They couldn't tell me why someone else is able to put up 1,000,000 shares at 15c and I cant do the same.

It's most likely because their policy, like that of the NZX, is to have sensible orders. The broker that put the order in at 15c is just playing silly buggers and the NZX will not look too kindly on them. When I was working I would have rejected your order too as being too far outside the quotes.

[Brain]

Whooo hoo. All the 1.7 c asks taken out

[Lion]

Whooo hoo. All the 1.7 c asks taken out

Or is it "Oh dear, no 1.7 bidders left"??

I see the price is up 0.2 in Australia today - that's 14%

It does have a good feel, I'll admit, but I've been fooled by this feeling many times before. I'm holding long term for the dividend stream.

[Kay]

A little volume on an illiquid penny stock

[Brain]

Should go to 1.8c today.

[bucko]

I'm holding long term for the dividend stream.

*IRD looking over my shoulder* Me too...

[Oliver Mander]

I would have thought this is quite good news....???

HIGHLIGHTS

o Value of Talisman project more than doubles on results of updated

Pre-Feasibility Study, NPV9% increases from $15m to $36m;

o Recovered gold increases by 50% to 51,000 Gold Equivalent Ounces;

o Direct operating costs to produce an ounce reduced to $710 NZD per

ounce ($490 USD/oz)

o Ore Reserves increase by more than 40% from 30,500 to 44,100 Gold

Equivalent Ounces;

o Independent valuation confirms robustness of the project with a value

of between NZ$8.4M and NZ$21.4M

[haewai]

So aside from the shoring up and access works, we can expect progress *shortly* on
- underground water reticulation system ... to be commissioned in 3rd quarter
- primary ventilation fan to be commissioned in this quarter
- completion of purchase shortly of equipment pilot plant and commissioning in 3rd quarter
- release of an updated pre-feasibility study on the TalismanProject (level 8 workings only)
- results of a scoping study on the entire Talisman Deeps resources
- revaluation of the company assets and resources at both Talisman, Talisman deeps and Rahu
- spin off of an exploration company

Yes, good news, but I'd rather hear about progress towards actual mining.

[Antipodean]

It's a very good announcement. More recoverable gold at less costs for this area. Have a look at the table on page 2, extra $41m revenue for extra $8 total OPEX is great.

Also note about the talisman deeps info coming out "in the coming days"

With it being a small stock on a small exchange the market response won't always be as swift.

[dubya]

Yes, good news, but I'd rather hear about progress towards actual mining.

Yes I agree.