NTL - New Talisman Mine - New board & Directors

[bucko]

dem chinese miners be cray cray!

[Minerbarejet]

Interesting price action today. Admit it, who's doing the shooting? Major?

Not me -I'm long term hold for 3 bucks remember with quarter of a million. tui

[bucko]

oh joy

but on a positive note, these funds are being used for the Mpokoto project, hopefully there is going to be another announcement regarding that shortly to counter the negative effect of the dilution.

June is the next report they are releasing with, i think it was some of the final drill results and other reports about talisman which are expected to be quite positive so I dont think this downward trend will continue for more than 2-3 weeks.

[elZorro]

NZResources didn't have much to add today.

Big placement by New Talisman

24 May 2013
An allocation of almost 50 million shares has been made in a placement announced yesterday New Talisman Gold Mines Ltd (NZX & ASX: NTL).
A total of 49,410,000 fully paid shares have been issued, at an issue price of $A0.011 ($NZ0.0139) each, under both NZX and ASX listing rules.
The company said the raising produced $A543,510 ($NZ543510) before expenses.
The funds will be used to progress the Mpokoto gold prospect in the Democratic Republic of Congo and for working capital. New Talisman, which holds the Talisman gold project at Karangahake near Waihi, recently took up a right to the Mpokoto project where it was earning 62.5% and the right to lift its equity to 80%.
The latest placement takes the total issued shares in New Talisman to more than 528.8 million.

Just over a 10% dilution, to keep things moving - I would have thought that by now we'd be seeing a bit more detail about how the Talisman Mine is going to be developed, timelines etc. Although I know nothing about the Mpokoto project, perhaps cashflow from there is quicker.

[Dej]

Still with us moosie?

[Dej]

I'm still alive and kicking

I thought, just for a punt, ill put a tiny order in at 1.2.... lol that worked?

[Dej]

lol, looks like you got your wish there. Lucky buying in that low!

Just adding to my holding already, but was a nice little top up! Expecting any news soon?

[Dej]

Report is out

[bucko]

im brimming with optimism

[Dej]

Nothing stands out in ther report, pretty much what was expected. Which is good, atleast they not underpreforming