NTL - New Talisman Mine - New board & Directors

[steveb]

So if the Hill family have 75 million shares every time the SP ticks down it costs them $75K.Eo when the SP was close to 3 cents and they then destroyed the SP by a capital raise,the Hill family have lost the best part of $2m.Thats if they had close to that number of shares a couple of years ago.
I know its only on paper but you do have to ask if pulling $400k a year is worth the loss.So who is buying and why? 38m shares changed hands today.Someone could well be shaking out some cheap shares,so a timely reminder that insider trading is illegal,but with a $30k max fine one has to ask if the risk is worth it.

[Brain]

I suppose that one possible scenario is that the share price will be driven down and then the company ultimately taken private. With a rehabilitated mine and gold presumably ready for extraction this could be a very lucrative option for somebody with industry knowledge.

[steveb]

I suppose that one possible scenario is that the share price will be driven down and then the company ultimately taken private. With a rehabilitated mine and gold presumably ready for extraction this could be a very lucrative option for somebody with industry knowledge.

Very good point brain,perhaps helped along by a CR via private placement.They could easily place a couple of hundred million shares at say .004 at the mo push the SP down a bit further and .002 is not off the table,hence diluting shareholders stakes even further.

[Landyman]

Whats the trigger point requiring notification of change in holding? 1% of shares traded yesterday - I assume that it was 1 person buying the majority yesterday (could be very wrong on that). If so, enough to trigger an announcement?

[Getty]

The threshold is 5%.and only 1 s/h is above that, so no ann. expected, from the seller anyway, unless its that 1 s/h.

[Getty]

Mr Hill, now I've got you on the Matt,
Stop acting like a goat looking for the greener grass.

As per yr quarterly, 3 mineable targets have already been identified, just pick one that has the best mix of g/t and accessability.and like the Nike ad, just do it!
All this resource proving up etc, Smells like current shareholders funds are being burnt up to create resource proof to a bigger outfit to come in & takeover from existing demoralised s/holders.
I dont think any current s/h gives a **** what other resources are there for the meantime.
They just want to get some cashflow from what is known, to get NTL on a self sufficient footing!
You know, like the sure footed goat!!

With regard to posts higher up on this page, remember where you heard it first.

Middle sentence, 2/8/20

[Clints]

With regard to posts higher up on this page, remember where you heard it first.

Middle sentence, 2/8/20

What have you heard?

disc Not Held

[Getty]

TBH I havn't heard anything.

Its just an observation, of perverse actions/inaction by management

[Getty]

Meanwhile, back at the ping pong, the top 3 rungs on the sell side are unmercifully slamming $727K, while the defenders of the faith, on the buy side have only been able to muster up $33K, to clean out even the .2c exponents.

This could get ugly, some bolters are desperately required.

[nztx]

Definitely ... things are a bit stubborn ATM on reaching down to the 0.004 rung of the ladder, surprisingly ..

I was hoping Getty may have looked favourably at quitting one of his 'Getty Shares' just say things reached that low point ..