NTL - New Talisman Mine - New board & Directors

**Flugenbear** · 03-10-2017, 09:22 AM

Originally Posted by Chippie

Just highlighting the 8% paper profit for people who participated in the SPP

This is based on NTL at 2.3 cents and NTLOB at .04 cents currently

Not too bad at this stage

I struggle to give any value to the options.
5.5c seems a long way off.
But so is 2022 and lots of possibilities.
All in all I'm bullish for the next year or so.

**Brain** · 03-10-2017, 09:32 AM

Originally Posted by Flugenbear

I struggle to give any value to the options.
5.5c seems a long way off.
But so is 2022 and lots of possibilities.
All in all I'm bullish for the next year or so.

l agree.I sold my options yesterday for 0.4. The options do not have any value until the share price is north of 5.5 c . More value in the head shares at this stage. When the head shares reach 5.5 I will be a happy cat.

**Hawkeye** · 03-10-2017, 01:25 PM

https://nzx.com/companies/NTL/announcements/308164

**Antipodean** · 03-10-2017, 01:37 PM

"been calculated usinga black Scholes calculation of between up to 2.1 cents per option"

Really would appreciate NTL proof reading these before release. The above and the recent minor mistakes on official releases make the company look less professional.

That being said - not surprised the spp closed with a shortfall given the timeframe and uncertainty. I will consider participating further personally - feeling more and more bullish on this one.

**blackcap** · 03-10-2017, 01:42 PM

If I were going to invest money in NTL I would do so via the options. This is an almost binary situation. Come 2022 either the company will have done well, or not at all. No real in between. A 0.4 cent entry is far more attractive than a 2 cent entry. Either 1/5 of the cost of an entry via stock (with no dividend coming anyway) or you can get 5x the exposure. I would be selling shares and buying options if I had any.

**Antipodean** · 03-10-2017, 02:25 PM

Putting aside my (irrational) fear of options, you are correct. However heads does allow you to set stop losses and exit if things don't look so good. Options will be difficult to exit if things turn south quickly.

**Mbro** · 03-10-2017, 02:54 PM

If level 16 at Talisman is 200 feet below sea level, & they are saying high-grade gold is deeper at Rahu than Talisman, we are talking deep. There is talk of drilling 600 m test drills at Rahu - 2000 feet. It would need a lot of gold down there to encourage digging a new 2000 foot deep underground mine in New Zealand I suspect. Prohibition shaft was the deepest in NZ, 2700 feet deep, 1/3 below sea level. 750k oz gold @ 15g/tonne. Closed 1951.