NTL - New Talisman Mine - New board & Directors

[Blue Horseshoe]

No capital raising needed gold will be over $5000.00 USoz in the near future.

[nevchev]

60 million shares for sale at .8c.Says it all really

[Blue Horseshoe]

60 million shares for sale at .8c.Says it all really

Sure does, there's a lot of losers out there who will be kicking themselves in the future.

[Blue Horseshoe]

Remember when people were selling A2 Milk at 50 cents, what did that tell you about the companies future. NOTHING.

[haewai]

Anyone thinking there will not be a capital raise are about as delusional as those buying AIR shares at 1.90 a couple of weeks back.
Not saying it will be this year, but to get this thing going properly they need more money, very simple. Unless Matt has a genie in a bottle about to grant him 3 wishes...

And I reckon shareholders will be extremely wary of another capital raise, seeing as the last was supposed to be enough to take the business to cash flow positive, complete bulk sampling, and start extraction and full production.
http://nzx-prod-s7fsd7f98s.s3-websit...634/301200.pdf

20/21 Q1 has just finished. So I suspect the report due at the end of the month will only repeat the 'we're talking about a JV', while showing further cash outflow.

[Flugenbear]

No capital raising needed gold will be over $5000.00 USoz in the near future.

Not sitting in the ground it won't be.
Unless NTL are planning a joint venture and have some way of processing the ore they haven't yet told us, they'll need more cash to get to a point of cash flow positive.
IMHO.
Have been a holder for a few years and if past history is anything to go by we are still a long way to selling gold.
You might be right though, by the time they do it could be 5 grand an ounce.

[haewai]

Remember when people were selling A2 Milk at 50 cents, what did that tell you about the companies future. NOTHING.

Too right. Can make the same judgement about people buying Intueri and Wynyard at $3 each.

[Landyman]

Problem for me still sits with management and their failure to deliver on timelines. SP is heavily discounted based on their lack of results.

[Waltzing]

its clear they were never going to deliver on the timelines. It a do the least to get the money in. The investors need to realise what obvious and hold some feet to the fire..

[Brain]

its clear they were never going to deliver on the timelines. It a do the least to get the money in. The investors need to realise what obvious and hold some feet to the fire..

I would guess that less than 75 shareholders are in control of the company and that is the problem. The board and the management know that it is unlikely that the shareholders will organise themselves. The board is supposed to represent us the shareholders and I see very little evidence of that. Hills salary is an example. My view is that his renumeration should be made up with shares as well as a base salary to focus his attention and align his interests with the shareholders. 400k / annum is an outrageous amount for a Small company that has achieved very little. These guys are relying entirely on raising capital from the shareholders. This company needs to become cash flow positive and The board and CEO do not see it that way.