NTL - New Talisman Mine - New board & Directors

[Bluemanarc]

Post note: option docs in the bin

Over and out till after the AGM and the Election

Lets see if that brings some certainty and a clear path ahead, but obviously at a slower rate now that the new SPP has failed.

[Dust]

Incredibly strange and misleading. Even if this was going out in snail mail they should know better than to represent the share price in such a firm manner.

Not entirely misleading as the letter is dated the 6th, annoucement delivery could be delayed at the exchange

But agree, the letter itself is very unprofessionally written...all my years of investing I've never seen "in the money" used in an official notice....

[ddrone]

In all serious, does this last announcement constitute false and misleading information? It blows my mind that they released it. Pertinent sections bolded:

This is a reminder that your listed options expire on Nov 28, 2017.
The options are exercisable at A$0.02 per option to convert into shares. NTL
has determined that it will also accept the New Zealand dollar equivalent
payment, being $NZ0.02165 per option.
*The options are currently "in the money" and NTL shares have consistently
traded in the money for several weeks.
The company currently has a share purchase plan offer underway. NTL
**encourage you to exercise your options, in conjunction with the share
purchase plan and accordingly to return your option exercise form as soon as
possible and by 22 September 2017. An early exercise of options will not
affect any Share Purchase Plan entitlement. If you do not exercise your
options by 22 September, you can still exercise closer to the expiry date 28
November.
Any documentation or payment received after 28 November will not be eligible
to convert to shares as the option will have expired.
If you wish to exercise your options please complete the attached form and
return as directed on the form.

* Factually in-correct at time of publishing. Even if this was correct isn't this mis-leading by nature of the claim given the markets are, by their very nature, volatile?
** This attempts to imply that those exercising options should do so at the same time as exercising their right to buy in the SSP thereby encouraging them to prematurely exercise their options for no other reason than postage costs at the current share price.

As I write this the SP is not 1.5c AUD, equiv to 1.7 NZD.

Disc: Former holder who did not lose their pants.

[silverblizzard888]

Don't you feel it could become a rap?

NTL NTL the time is now
You've got options, you're opportunity
Cause your 'in the money'
All that gold in the land of honey
Lets dig it up now, lets get underground
The greens got nothing on us
Cause we're NTL, NTL and the time is now
You've got options, you're opportunity
Cause you're 'in the money'

Ok perhaps I should stop lol

On a more professional note:
Announcement should have been more professional
-First rule of thumb, I find managers who talk about shares prices to be self serving, management should always refrain from discussion share price. Also don't talk about a share price exercising options when several weeks proves nothing, if it was several months that would be a bit more different.
-Use of 'in the money' was too casual
-Their encouraging plead sounds desparate
-Lastly the announcement was border lining on unnecessary, all it should have been was two sentences giving option holders a reminder.

[Dust]

In all serious, does this last announcement constitute false and misleading information? It blows my mind that they released it. Pertinent sections bolded:

This is a reminder that your listed options expire on Nov 28, 2017.
The options are exercisable at A$0.02 per option to convert into shares. NTL
has determined that it will also accept the New Zealand dollar equivalent
payment, being $NZ0.02165 per option.
*The options are currently "in the money" and NTL shares have consistently
traded in the money for several weeks.
The company currently has a share purchase plan offer underway. NTL
**encourage you to exercise your options, in conjunction with the share
purchase plan and accordingly to return your option exercise form as soon as
possible and by 22 September 2017. An early exercise of options will not
affect any Share Purchase Plan entitlement. If you do not exercise your
options by 22 September, you can still exercise closer to the expiry date 28
November.
Any documentation or payment received after 28 November will not be eligible
to convert to shares as the option will have expired.
If you wish to exercise your options please complete the attached form and
return as directed on the form.

* Factually in-correct at time of publishing. Even if this was correct isn't this mis-leading by nature of the claim given the markets are, by their very nature, volatile?
** This attempts to imply that those exercising options should do so at the same time as exercising their right to buy in the SSP thereby encouraging them to prematurely exercise their options for no other reason than postage costs at the current share price.

As I write this the SP is not 1.5c AUD, equiv to 1.7 NZD.

Disc: Former holder who did not lose their pants.

The "we encourage you to excercise your options" is a nice touch that leaves a poor taste in my mouth frankly. Last time I heard that was when someone tried to sell me pyramid schemes.

Misinformation aside, the coercively worded letter is just appalling, screams desperation.... hats off to the lads who ran out the door while it was "in the money"

[Beagle]

Possibly an appropriate time to roll out the hounds theory on N.Z. mining minnows.
This jaundiced dog that's been bitten before reckons the big dog's like BHP and the secondary majors on the ASX get the best geologists, engineers and related experts and Kiwi mining minnows get nothing but the leftover scraps. Why would any one that was really good in their field of mining endeavor aspire to work for a penny dreadful doubtfully funded Kiwi minnow ? Just a thought to ponder...
Disc: I regret not getting the popcorn on a little earlier with this one.

[cyclist]

I like the rapping. Well done.

It is possible this notice is a response to regular inane questions from option holders wondering how it all works. Hence, at least, some of the detailed content.

[cammo]

Just wait. Many of us have waited a long time ...all of you late catchers can do some too... Once the stuff starts coming out of the hill we will all be smiling. Patience...

[silverblizzard888]

I like the rapping. Well done.

It is possible this notice is a response to regular inane questions from option holders wondering how it all works. Hence, at least, some of the detailed content.

Thanks! ^^

It could have been a responses to options holders questions, though in a professional stand point they should always be advising someone go to a financial specialist to advise them on the matter. An investor is expected to know what they are buying and not up to company management to explain it and I doubt that announcement did much to answer anything other than to serve as a reminder.

[silverblizzard888]

Just wait. Many of us have waited a long time ...all of you late catchers can do some too... Once the stuff starts coming out of the hill we will all be smiling. Patience...

But stuff has being coming out of the hill...... Mathew Hill to be exact