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  1. #6201
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    Promise after promise after promise. NTL and Matt Hill are an absolute disgrace. A cleanout of the Board and Mr Hill as CEO is essential. Until that happens, nothings gonna happen.

  2. #6202
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    Since our Matt resigned from ARR, the s/price has taken off like a scolded cat.

    Imagine the effect if we had a Mattexit at NTL.

    NTL = Nothing To Like, or Nothing To Lose?

  3. #6203
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    there does not appear to be any incentive at all for Matt Hill to actually perform,Correct me if I am wrong but are there any performance bonuses in place?I am sure he is quite happy being paid by NTL his basic 400K a year,I presume he is getting directors fees as well.I wonder how many productive hours he puts in each week for NTL considering he seems to be moonlighting as well!

  4. #6204
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    Quote Originally Posted by steveb View Post
    there does not appear to be any incentive at all for Matt Hill to actually perform,Correct me if I am wrong but are there any performance bonuses in place?I am sure he is quite happy being paid by NTL his basic 400K a year,I presume he is getting directors fees as well.I wonder how many productive hours he puts in each week for NTL considering he seems to be moonlighting as well!
    If he was busy and productive he wouldn't have time to come on here and create mayhem......
    Look at the Gold sector in Australia,going Gangbusters....tells you something ....

  5. #6205
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    “His (Matt’s) contribution, especially as chairman of the Audit and Risk Committee and in capital raising efforts, has been significant.”

    Might be focusing his attention on NTL, but he’ll be focusing it on what he’s good at.

  6. #6206
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    There is a potential issue with boutique miners, I've been reluctant to raise till now, but best done while SP is low, rather than some optimistic newbie pay too much.

    Its politely known as shrinkage or leakage.

    In a large scale project, say a 12g or larger piece of gold, gets extracted with a bucket load of ore by an excavator, dumped on the back of a truck, and makes it all the way through the processing plant, sight unseen, till it emerges with other gold dust & flakes in the collection tray, under appropriate security & supervision.

    However, in a boutique, where they are scratching around with hand tools, and have only produced 5 tonnes (half a small truckload) of material in a Quarter, that 12 g piece will be seen, all the way through their chain.
    You all know about the devil and temptation...

    Put simply, shareholders carry all the risks/costs, but maybe not all the rewards/returns.

    Dr JPG.

    Figures don't lie, but liars may figure.

  7. #6207
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    [QUOTE=Fundamentalfinder;850265]“His (Matt’s) contribution, especially as chairman of the Audit and Risk Committee and in capital raising efforts, has been significant.”

    Got to give him credit on the capital raises. His salary has taken a large portion of that money over the years. What has actually been achieved in the last years should have been done in 1. And still we flounder along without a clear path. A plan is one thing, execution another.

  8. #6208
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    Is it too dangerous to even buy at .001
    That is the level I would consider to get back in.

    It has to now be a matter of time.
    Can they hang in long enough to find a buyer of rocks or the mine itself, before they run out of money.

    The writing on the tunnel walls is clearly that they don't have the money and time to get a gold processing plant operating themselves, in any form or fashion.

    Potential for total bankruptcy and zero return on funds invested by shareholders is now real in my mind.
    Last edited by Bluemanarc; 19-10-2020 at 12:29 PM.

  9. #6209
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    Any assets that get liquidated will also need to be used to remediate the mine site aswell. It's not cheap to close a mine in this day and age.

  10. #6210
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    Quote Originally Posted by Bluemanarc View Post
    Is it too dangerous to even buy at .001
    That is the level I would consider to get back in.

    It has to now be a matter of time.
    Can they hang in long enough to find a buyer of rocks or the mine itself, before they run out of money.

    The writing on the tunnel walls is clearly that they don't have the money and time to get a gold processing plant operating themselves, in any form or fashion.

    Potential for total bankruptcy and zero return on funds invested by shareholders is now real in my mind.
    You're spot on Bluemanarc. I'm gobsmacked that people can still call this company an investment, but each to their own I guess.

    I laugh when people post the "POG" on this thread because it means nothing. The only letter that could be changed is the middle letter to another vowel, which more than adequately describes this venture.
    Pilot plant was a waste of time, effort and money.
    Consents aren't in place.
    Can't get any meaningful amounts of gold out.
    Nowhere to process.
    No one is going to appear on a magic carpet to make an offer to buy the mine.
    JORC 'triple peer reviewed gold plated indicative document' was a waste of time. SP down since then and at the end of the day just another document to say there's high quality gold down there, but there it lies.
    CEO nor management put any of their easy earned money into the last SPP. (They new aye??!!)
    CEO hasn't confirmed or denied his involvement with trolling on this forum. Disgraceful IMO.
    All in all a sad state of affairs.
    Money will soon run out, and another capital raise will be a disaster (even though NTL will call it a success and it will pay management wages for a bit longer)

    BUT DON"T WORRY EVERYONE. ALL IS WELL.
    This from over TWO years ago. (maybe technically correct, but really just taking the piss I reckon)

    https://www.nzx.com/announcements/324144

    I'm really pleased for all those long term holders who have exited and mentioned that they have done so on this thread. Good luck to those too paralysed to exit, or still believe the NTL fairy tale.
    Last edited by dubya; 19-10-2020 at 01:19 PM.

  11. #6211
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    Quote Originally Posted by dubya View Post
    I laugh when people post the "POG" on this thread because it means nothing. The only letter that could be changed is the middle letter to another vowel, which more than adequately describes this venture.
    What about changing the last letter to an "S"? That could work too..

  12. #6212
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    It is pretty early to be calling for capital raisings or bankruptcy

    NTL still has 2.2M in the bank after spending 293K in the last reported quarter to June 2020. At that rate it will be one year before we get down to the last million dollars of cash. The two extracts below from the quarterly will have a material impact on what additional capital is required.

    The two quotes from last quarterly below

    “As announced last quarter discussions have commenced with a high profile NZ industry group and work is underway on the evaluation of the potential for a formal collaboration that could facilitate funding, delivery and operation of a joint processing plant as part of a broader industry offering. NTL is currently working on the modelling of volumes in line with the current Talisman mine plan and development of a broad commercial business model treating similar volumes. This will determine commercial drivers and allow further due diligence to continue.”

    “Over the course of the next six months the company intends to lodge an application for full mining at Talisman and work has commenced on the initial gap analysis for application with the Council aimed at securing consent to mine following the end of the two year bulk sampling plan.”

    Quarterly should be out before the end of October, so it will be interesting to see if they have made any progress.

    Yes things could go pear shaped and we lose our “investment” but at the same time they could actually make progress and eventually produce some gold. I do not think NTL is a fairy tale, based on my own analysis do think there is a possible positive outcome and will be okay with the eventual outcome either way.

  13. #6213
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    Quote Originally Posted by Chippie View Post
    It is pretty early to be calling for capital raisings or bankruptcy

    NTL still has 2.2M in the bank after spending 293K in the last reported quarter to June 2020. At that rate it will be one year before we get down to the last million dollars of cash. The two extracts below from the quarterly will have a material impact on what additional capital is required.

    The two quotes from last quarterly below

    “As announced last quarter discussions have commenced with a high profile NZ industry group and work is underway on the evaluation of the potential for a formal collaboration that could facilitate funding, delivery and operation of a joint processing plant as part of a broader industry offering. NTL is currently working on the modelling of volumes in line with the current Talisman mine plan and development of a broad commercial business model treating similar volumes. This will determine commercial drivers and allow further due diligence to continue.”

    “Over the course of the next six months the company intends to lodge an application for full mining at Talisman and work has commenced on the initial gap analysis for application with the Council aimed at securing consent to mine following the end of the two year bulk sampling plan.”

    Quarterly should be out before the end of October, so it will be interesting to see if they have made any progress.

    Yes things could go pear shaped and we lose our “investment” but at the same time they could actually make progress and eventually produce some gold. I do not think NTL is a fairy tale, based on my own analysis do think there is a possible positive outcome and will be okay with the eventual outcome either way.
    Good luck with all of that. Your entire Post wreaks of HOPE. Notice how all the statements made are futuristic and have always been that way. All the while, cash is being consumed at whatever rate - maybe at $300k per quarter the existing cash will last a bit longer, but "over the course of the next 6 months the company intends to lodge an application.........." Beyond that how long will it take to receive (or not) the green light to mine. More Time, More $$ consumed. Then the inevitable CR. 3 billion shares now, 4 billion on the horizon. SP languishes - how many NTL shareholders were sucked in by the 'loyalty share scheme' of 2019 / 2020. At .006 (including your loyalty shares) how much of a return did you achieve on holding for a year - maybe 5% at most. If you were lucky enough to sell at .007 or even .008 in July / August then well done on a decent gain, but volumes suggest not many did.
    By continuing to pump out the 'futuristic hopeful messages', the company convinces the eternally hopeful brethren to keep the faith. That is the trap. There will be capital expenditure and wages and salaries to pay. More $$. More CR. Then something unexpected will crop up, a delay, a breakage, unexpected mine refurbishment for safety reasons........Look at the history. There are so many hurdles the company has to clear to even get to production, it will be years before anything substantial comes out of the hillside, if at all. All the while, what is the lost Opportunity Cost of leaving your 'investment' $$ in NTL.
    If you want to take a look at a gold mine that is about to go places, take a look at MLL (AUS). Moving from minnow to Producer, with potentially over 1.3M oz gold in the Morila mine being purchased from AngloGold and Barrick. SP at 18c, cashflow positive immediately, and good prospects to self fund and find additional reserves. Where might the SP be in 2 years? A better bet to double your money than NTL right now.
    https://stocknessmonster.com/announc....asx-6A995081/

    Good luck with your NTL 'investment'.
    Discl : Sold more on Oz market today at .006

  14. #6214
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    Probably not the best time to sell at the mo,the SP is so low they will need to do something positive to give it a bit of a boost before the next capital raise.Don't forget Matt is an old hand now at raising capital,it seems like, its probably the only thing he does well.

    But of course this is just my opinion and do your own research please.

  15. #6215
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    Quote Originally Posted by steveb View Post
    Probably not the best time to sell at the mo,the SP is so low they will need to do something positive to give it a bit of a boost before the next capital raise.Don't forget Matt is an old hand now at raising capital,it seems like, its probably the only thing he does well.

    But of course this is just my opinion and do your own research please.
    There was no SP boost last year when the 2019 CR was carried out. The only method to get shareholders interested was to offer the loyalty shares to be issued a year after the CR (subject to not selling shares taken up in the CR), which, if my memory serves me right would result in an average take up price of about .0057. With the current SP at .006, that is a very small return compared to what could have been achieved just about anywhere else in the market over the same time period. Hardly a reward at all for holding the shares for 16 months.

  16. #6216
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    Quote Originally Posted by Motley Crew View Post
    There was no SP boost last year when the 2019 CR was carried out. The only method to get shareholders interested was to offer the loyalty shares to be issued a year after the CR (subject to not selling shares taken up in the CR), which, if my memory serves me right would result in an average take up price of about .0057. With the current SP at .006, that is a very small return compared to what could have been achieved just about anywhere else in the market over the same time period. Hardly a reward at all for holding the shares for 16 months.
    The SP was .009 when the last SP was announced ,I like a lot of others sold out at .008 and .009 and bought back in at an average of .0065 then waited for the bonus shares.As I said before the SP is to low now,so expect a boost in the SP with some good news and then a capital raise.Or of course they might not need one,if they can crank up production.

  17. #6217
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    Quote Originally Posted by steveb View Post
    The SP was .009 when the last SP was announced ,I like a lot of others sold out at .008 and .009 and bought back in at an average of .0065 then waited for the bonus shares.As I said before the SP is to low now,so expect a boost in the SP with some good news and then a capital raise.Or of course they might not need one,if they can crank up production.
    don't forget the $8 million dollars over 2 years on the pilot plant as part of bulk sampling...….(am ducking under table to avoid the obvious cow dung that will come my way)

  18. #6218
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    Oh yes, the much vaunted pilot plant, the one that never flew, the one based on hot air, the one that with the exception of the centrifuge, could have been cobbled together with a couple of old bathtubs and tables from the demolition yard for $250.

    Only a space cadet could have dreamt up & costed that one..

  19. #6219
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    They misspelt pilot, they meant pile it down the dump!

  20. #6220
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    Meanwhile, in the real world, the ASX has been happily paying a 8-9% premium to the NZX the last few days.

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