NTL - New Talisman Mine - New board & Directors

[jonu]

So they've spent $1.4m in 3 months, with only $2.5m left. Does that mean they'll be needing more money in 6 mths time!?!

Where do you get 1.4m from?

[mfd]

So they've spent $1.4m in 3 months, with only $2.5m left. Does that mean they'll be needing more money in 6 mths time!?!

No, they spent a little over 500k in the quarter. You are looking at the annual figure. 5 quarters of cash left at current burn rates.

[youngatheart]

HTF can they spend approx. $366,000 on admin in the quarter when the first 3 weeks of the qr the company was still on its Xmas break!! TOTAL BS !!

Maybe it was someone's holiday pay, lol.

[jonu]

Its here - though through ASB, there isnt a PDF to open yet

Ohhhhhhh "Activities originally scheduled for the following quarter have commenced earlier than anticipated."

Are you sure about that? Not showing on NZX board.

[haewai]

Or lots of spending on external resources supporting the mining plan, resource consent and verification of the JORC.

Doesn't look like much capital spending on a processing plant though.

[Rosco]

Admin and corporate costs.

These mutts are laughing all the way to the bank.

[mfd]

Ohhhhhhh "Activities originally scheduled for the following quarter have commenced earlier than anticipated."

They say this every quarter, you'd think they would be improving their predictions by now.

[jonu]

Its here - though through ASB, there isnt a PDF to open yet

Ohhhhhhh "Activities originally scheduled for the following quarter have commenced earlier than anticipated."

Oh I see, you are quoting from the Cashflow Report. Activities Report still to come.

[haewai]

Anyone feel happy about that?

Exact same resource consent update as the last quarterly
No progress on a processing plant, just more talking, no mention of the Terra Firma arrangement
Very unclear update to the peer review of the resource estimate, but appears no material change
Lots of pointing at the level 4 lock-down impacting activities, when in reality this occurred at the end of the quarter
And zero gold produced

[whatsup]

WOW someone just had a guts pull and dropped their 4.5 million shares cant blame them based on this quarters progress, covid-19 aside which was only the last 4 weeks period.