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  1. #6121
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    Quote Originally Posted by Landyman View Post
    Just reading the annual report again - they did indicate further funds would be required unless they can get a third party to JV on the plant required
    "Joint venture opportunity
    While planning has been focused on the development of a plant internally, the board determined that there is a potential opportunity
    for a third party to finance the plant or part of a plant with NTL reducing the funding requirement from shareholders for a processing
    capability which did not form part of the previous capital raising"
    A JV of that nature has been talked about in their reports in vague terms for quite some time. If it was going to happen, I can't see why it wouldn't have by now. Another reason why I sold. There is never any feedback to indicate if genuine progress is being made, or if an idea is essentially dead in the water. Was the same when they talked about external toll treatment options.

    Disc: Grumpy ex-(small)holder.
    Last edited by cyclist; 17-09-2020 at 01:22 PM.

  2. #6122
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    It just seems strange to me why management do not engage with their shareholders.Surely they must be aware of how unhappy the majority of shareholders are.

    Just a simple business plan would put most concerns to bed,but we seem to stagger from meaningless repetitive updates with no obvious goals in place to well more meaningless repetitive updates.

    At least with a business plan in place we can judge how well progress is going,and if management are heading off in a tangent or are sticking to the plans.If they are not sure about a business plan,then they should get a professional in to write it.

    I would offer but I don't have a clue whats going on!

  3. #6123
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    Mine was established late 1800s - and shut about 30 years later - probably for economic reasons.
    Southern Cross Minerals has a crack in the 70s and 80s, but their licence lapsed ealy 90s (im not sure why, could they not get the numbers to work either?)
    Hertirage Gold got permit in 1993 - thats a long time ago!!!!

    Patience. Feels like they are still inching closer, but Gettys snail racing analogy seems accurate.

  4. #6124
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    In my recent conversation with Matt, I mentioned there was a 'cathedral' area in the mine, big enough to set up a ping pong table.
    Why? he demanded.
    So we could play .1c to .2c ping pong I replied.

    In what I thought was a magnaminous gesture, he said, 'Dr, you play with your scalpel, and I'll play with my shovel'.

    It was only later I realised I may have come off second best.

  5. #6125
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    Meanwhile, back in the real world. We shouldn't be too far off seeing some grade results from blasting at Mystery vein and other targets underground. With some dot joining for JORC purposes, NTL gets its Resource up another level and starts to get on the radar of other explorer/producers. POG isn't doing us any harm either.

  6. #6126
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    Quote Originally Posted by Landyman View Post
    Mine was established late 1800s - and shut about 30 years later - probably for economic reasons.
    Southern Cross Minerals has a crack in the 70s and 80s, but their licence lapsed ealy 90s (im not sure why, could they not get the numbers to work either?)
    Hertirage Gold got permit in 1993 - thats a long time ago!!!!

    Patience. Feels like they are still inching closer, but Gettys snail racing analogy seems accurate.
    Slow progress way back, was due to a 'hanging wall'

    Now, they have their back to the wall, someone's due for a hanging.

  7. #6127
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    Jonu, you dont really believe that...do you?
    Last edited by ThaiJohn; 17-09-2020 at 07:00 PM. Reason: Forgot name of poster

  8. #6128
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    Perhaps its time you explained to him, the finer points of Patpong Ping pong.

  9. #6129
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    https://www.nzherald.co.nz/premium/n...ectid=12363268
    A good article on what others are doing out there and the resistance building at lease this take the heat off NTL. Time for them to act is now don't miss the opportunity

  10. #6130
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    Someones still keen, 8m buy at 0.006 = $48,000

  11. #6131
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    BOOM - I take that back, 0.006 bids all gone - I should have sold!!!

  12. #6132
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    Quote Originally Posted by Landyman View Post
    BOOM - I take that back, 0.006 bids all gone - I should have sold!!!
    I've got the truck backed up and ready at 0.5! Sell away Landy

  13. #6133
    I like peanuts... youngatheart's Avatar
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    Why pay 0.006c now when it'll be 0.005c next week... Then 0.004c the week after that...

  14. #6134
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    Why pay 0.006c now when it'll be 0.005c today.....

  15. #6135
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    It's sadly consistent with previous rate of progress that the strategic review will take the rest of the year to complete.

  16. #6136
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    Quote Originally Posted by Landyman View Post
    Someones still keen, 8m buy at 0.006 = $48,000
    I sold my sizeable holding today as there was a mountain forming at .007 and very few sales at that price. There are so many better options at the moment for your money, rather than sitting on an 'investment' going nowhere. Matt crows that investors had made a 20%+ return in the last 12 months - that is just the movement from 0.005 to 0.006. It can do that daily. There are some Gold Juniors in Oz that are about to do exciting things. If you want a gold stock that might go somewhere have a hunt over there. A 50% gain on that investment lifts a 0.006 NTL SP to the equivalent of 0.009c. When did that last happen ? Time to move on. Future CR with NTL will fail as shareholders have lost all confidence in the board and management. How many actually know anything about gold ? Matt Hill is a specialist in capital raising, not much gold expertise there. I think his luck might have run out with NTL. 2.8b shares and counting.

  17. #6137
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    Quote Originally Posted by haewai View Post
    It's sadly consistent with previous rate of progress that the strategic review will take the rest of the year to complete.
    Given extension to COVID 2.5, probably be delayed.

  18. #6138
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    Quote Originally Posted by Motley Crew View Post
    I sold my sizeable holding today as there was a mountain forming at .007 and very few sales at that price. There are so many better options at the moment for your money, rather than sitting on an 'investment' going nowhere. Matt crows that investors had made a 20%+ return in the last 12 months - that is just the movement from 0.005 to 0.006. It can do that daily. There are some Gold Juniors in Oz that are about to do exciting things. If you want a gold stock that might go somewhere have a hunt over there. A 50% gain on that investment lifts a 0.006 NTL SP to the equivalent of 0.009c. When did that last happen ? Time to move on. Future CR with NTL will fail as shareholders have lost all confidence in the board and management. How many actually know anything about gold ? Matt Hill is a specialist in capital raising, not much gold expertise there. I think his luck might have run out with NTL. 2.8b shares and counting.
    Each to their own Motley. I can't think why you would sell before the Mystery blast results are through, but we all have our own decisions to make.

  19. #6139
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    Quote Originally Posted by jonu View Post
    Each to their own Motley. I can't think why you would sell before the Mystery blast results are through, but we all have our own decisions to make.
    Still have a few left on the Oz register. Will watch and wait........... Those Oz funds might be better deployed elsewhere. It is inevitable that the company will come to shareholders for more capital - that is what Matt is good at. But at what price and with how much dilution ? 1b shares at 0.003c ?? Only raises $3m. The way NTL go through their funds that will last a year.

  20. #6140
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    Quote Originally Posted by jonu View Post
    Each to their own Motley. I can't think why you would sell before the Mystery blast results are through, but we all have our own decisions to make.
    How have the results from the last few blasts or JORC reviews and results been? Lol this will be just as much of a flop as the rest of them

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