-
27-06-2019, 12:19 PM
#4301
Originally Posted by steveb
Ho-hum Ace you seem to just reguritate what has been stated on this forum for a number of years,it's all been said before.Share holders especially know what they are doing with this SPP plan,many have previous experience let's wait and see how popular it is.I for one are in.
Yes, what I'm saying is nothing new - it's all been said one way or another, just like NTLs announcements and SPP plans for the last decade too - copy and paste jobs, exactly how you like them - so I thought I'd regurgitate the same counter points as well. I don't doubt yours or any others experience, and I'm not saying you can't make money from NTL by trading it. This SPP may work in your favor, infact I hope it does although it doesn't invalidate any points I've brought up regarding the management of NTL and performance to date and they are worth at least considering before ploughing more money into it.
Last edited by Ace; 27-06-2019 at 12:22 PM.
Toward his critics, the artist harbours a defensive ace: knowledge that the future will erase the present.
-
27-06-2019, 01:14 PM
#4302
Member
Annual Report Year |
2015 |
2016 |
2017 |
2018 |
Section |
[Income from]...Issue of shares |
Amount |
$1,443,290.00 |
$449,998.00 |
$6,373,013.00 |
$1,925,910.00 |
-
27-06-2019, 01:17 PM
#4303
Member
WOW, that's cheap for this fantastic mining operation,
-
27-06-2019, 01:33 PM
#4304
Member
Originally Posted by Blue Horseshoe
WOW, that's cheap for this fantastic mining operation,
Just the last four years, as long as I have been involved/tracking.
I'll consider it a "mining operation".... when it begins mining.
Should be read in conjunction with https://www.sharetrader.co.nz/showth...l=1#post763647
-
27-06-2019, 01:56 PM
#4305
Thanks for posting that Antipodean. If my memory is correct in 2017 they wanted to raise 12 M$ and managed 6 M$. They tried to top it up in 2018 and had partial success.
Maybe the over promise under deliver in recent years is a result of that. I have tried to put myself in the position of the management and have come to the conclusion that I would probably just go ahead with the project with capital at the lower end of what was required. It would not be of much use for NTL to sit on their hands waiting and waiting for more dosh. Management has to take an optimistic attitude to this mine otherwise there would be no investment. I would also expect there would be a fair bit going on behind the scenes politically, after all, this is mining in the Coromandel not outback Australia. I think NTL is focussed on getting the job done and hopefully after this capital raise there will be cash flow and shareholders can look towards ownership of a profitable mine and of course the future with Rahu could be the icing on the cake.
-
27-06-2019, 02:43 PM
#4306
-
27-06-2019, 03:00 PM
#4307
Originally Posted by Bluemanarc
That looks like a real frustration of the board, and they are saying we are over that, and real mining and gold recovery and income is around the corner, somewhere
Its real progress lads, its ****ing slow, but its real progress.
I hope you are right. Be good to see some results.
Good for the local economy too.
-
27-06-2019, 03:18 PM
#4308
Interesting part for me is that they plan on producing 360g of gold per month by march next year,thats over the 2 year bulk sampling period.It will be good to see some positive cashflow.
-
27-06-2019, 05:18 PM
#4309
Member
steveb - I'm pretty sure that's ounces, not grams. Bottom of page 5 of the report.
Fairly positive annual report, I thought, as was Robbo's wonderful report and photos of his visit to the mine, on Hot Copper.
-
27-06-2019, 09:29 PM
#4310
Banned
Originally Posted by swissboy
I totally agree with Ace regarding < when it suits -build up their hopes > otherwise tell them nothing.
But both you and ace hold no credibility with this stock vs those of us who have been on this for many cap raises and deliverables can measure such.
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks