NTL - New Talisman Mine - New board & Directors

[steveb]

I think the answer is that nobody should support the next capital raise,then at least the board will know that they either start production or they go under.

Clearly shareholders including myself have had enough!

[samjaynz]

Yep. Quite disgusting. Just a reflection on their incompetency.

I've reposted this link before, but thought I'd do it again. I don't know who's behind it.
So if you're unhappy or disillusioned with the direction of the company and the directors performance, this might or might not gain some traction. (I hope it does!!)

https://docs.google.com/forms/d/e/1F...cLCig/viewform

Will dig out the details on my modest holding of this kennel dweller and then join in the survey - thanks for sharing the link.,

[haewai]

"Phil Goff said he is happy to align with ministerial pay cuts of 20 per cent for the next six months. His annual salary is $296,000, meaning a 20 per cent reduction over six months would see him lose $29,600 before tax."

Wow. So the mayor of Auckland is only paid $296k and happy to take a 20% pay cut.
How much is NTLs CEO earning again?
Unbelievably, not even a Covid-19 update.
Meanwhile, another tumbleweed blows by...

To be fair, the offer doc last year noted a target to reduce corporate overheads by 20%. It's hard to track performance on this though as corporate costs have bounced around in quarterly cash flow reports

I just want to see plans being met, including lodging of the resource consent application (going on four months late), publishing of the resource estimate for Talisman (several weeks overdue) and processing through the pilot plant (as committed to in the SPP offer). I also don't want to see the next quarterly report half filled with schematics and output results of the pilot plant, yet again.

[Ltw]

Sorry I had an Error I will repost

[whatsup]

Thought I'd share a little research. The below give the differences between year end march 2019 Vs year end march 2020. of note Matt Hills placement of the top 20 2019 = 4 vs 2020 = 6th There is a bit more i info i can pull up but that will do for now. interesting that the top 20 share holders have increased there holdings what i would call substanually...... Year end 19 Vs Year end 20
Top 5 shareholders Increased total holding by:	172,880,640
1 holder decreased by	-10181819
increase of	15%
Top 20 Shareholders Increased total holding by:	244,262,525
3 holders total decreased -25321816
Increase of	18%
Increased holding	9
Decreased Holding	3
No Change	8

and don't forget that at the end of June the 1/6 loyalty share increase from the last SPP kicks in.

[Antipodean]

How much is NTLs CEO earning again?

2019 $415,000.00
2018 $360,000.00
2017 $356,000.00
2016 $187,833.00
2015 $230,000.00
2014 $254,424.00

$1,803,257.00

[haewai]

2019 $415,000.00
2018 $360,000.00
2017 $356,000.00
2016 $187,833.00
2015 $230,000.00
2014 $254,424.00

$1,803,257.00

And yet in the 2015 annual report: Following on from the successful capital raising in November the Directors instigated a number of cost saving measures including reductions in both executive and Directors fees.

Didn't last long.

[Landyman]

2019 $415,000.00
2018 $360,000.00
2017 $356,000.00
2016 $187,833.00
2015 $230,000.00
2014 $254,424.00

$1,803,257.00

2016 to 2017 -thats one heck of a jump!!!

[dubya]

2019 $415,000.00
2018 $360,000.00
2017 $356,000.00
2016 $187,833.00
2015 $230,000.00
2014 $254,424.00

$1,803,257.00

And yet in the 2015 annual report: Following on from the successful capital raising in November the Directors instigated a number of cost saving measures including reductions in both executive and Directors fees.

Didn't last long.

Oh...and with all that money he didn't even take part in the last capital raising.
He's probably sitting at home during the lockdown, still drawing about $8,000 per week, reading all these comments, and laughing his head off!!!

[steveb]

I just checked the covid wage subsidy,and it looks like they have not claimed,surely you can still claim if you are losing money.

The prime minister only gets 56k more than matt,but if you take off the 47k cut she is volunteering its about the same