NTL - New Talisman Mine - New board & Directors

[haewai]

Capital raising at <$0.01

[BigBob]

Capital raising at <$0.01

Why do you think that?

[steveb]

would have to be major good news for any sort of capital raise,let alone one for .01,just .001 off the current price.

[haewai]

Why do you think that?

The pilot processing plant cannot provide enough revenue to meet mining and exploration costs, and the current cash balance is running out quickly.

I hope I'm wrong. Perhaps a bank loan or 'alternative processing arrangement' will save the day

[steveb]

The pilot processing plant cannot provide enough revenue to meet mining and exploration costs, and the current cash balance is running out quickly.

I hope I'm wrong. Perhaps a bank loan or 'alternative processing arrangement' will save the day

They had $2mil in the bank at the end of the last quarter,what do you know that we don't.regarding this huge budget blowout you are predicting?

[haewai]

They had $2mil in the bank at the end of the last quarter,what do you know that we don't.regarding this huge budget blowout you are predicting?

NTL spent $800K last quarter.
$1.4m the quarter before that
$660K that quarter before that

How long will the $2m last at that rate? And where is sufficient revenue going to come from?

[steveb]

they have plenty of cash to get the pilot plant running,if they can then get the recovery rates confirmed,it won't be a matter of a capital raise it will be a fight to stave off takeover threats!

[whatsup]

Qr today or tomorrow, watching in great interest of direction for the future.

[blackcap]

Quarterly is out....

http://nzx-prod-s7fsd7f98s.s3-websit...841/299002.pdf

Cash raise coming up soon is my guess.

"The beginning of the 2019 calendar saw another busy quarter at the Talisman
mine with great strides being taken to secure access to the BM37 Rise in the
Dubbo Zone area. Following completion of refurbishments and testing of the
face at Mystery the focus this quarter has been on gaining access to Dubbo
and finalising resource consent for pilot plant operations. While the Dubbo
area has been slower to progress than expected the material removed to date
shows significant promise as set out in this report. Over the next quarter
the company will focus on progressing further into Mystery vein extension,
moving ore to the pilot plant for processing and making safe the Dubbo area
in order to commerce sampling of the vein faces."

[youngatheart]

Wow. They've done very little... SP back to 0.006 soon I bet.