NTL - New Talisman Mine - New board & Directors

[jonu]

Just announced staff options plan exercisable at AUD 1.1. I take this to mean they are confident the price will rise above this in the near term. Anyone else agree?

[Dej]

Just announced staff options plan exercisable at AUD 1.1. I take this to mean they are confident the price will rise above this in the near term. Anyone else agree?

Thats what I read from it. Stock is still to illiquid to get an idea of what the market thinks, but I'm all for what they have done.

[elZorro]

Here's the page of an earlier press release from the AGM that I don't think we saw on the thread.

http://www.scoop.co.nz/stories/BU130...h-from-agm.htm

The latest idea must be to obtain some more capital from those who have the thoughts of mining that high-grade gold, uppermost in their minds. Not a bad idea, but it can only at best return $22,000 in the short term. It's also a way of picking up shares without paying any higher a price on-market, than the market has already been offered with the closed-off share offer. The option to pick up the share later, was not offered to ordinary punters in the last round. No word on whether any sophisticated investors have been in touch with the company meanwhile.

I'm not too sure what else they can do about gathering in enough funds to get going on the mining. It's not a lot of capital is it? A few million. Have they thought about borrowing it, secured against plant? Where are the more detailed plans on what equipment will be used, do they know what that gear will look like yet? The shareholders out there certainly don't.

[Minerbarejet]

Have some indication that a mine visit is being looked into but will be unlikely to be before Xmas.
Safety issues abound and there is quite a bit of interest from what I can gather. This may mean several groups rather than just one. However, they are working on it just in case you thought I had gone to sleep.
Cheers

[Landyman]

15 November 2013

ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED (NTL and NTLOA or NTLO)
FOR IMMEDIATE RELEASE
Assignment of New Talisman Interest in Netcom Global

New Talisman Gold Mines Limited (NZX: NTL) is pleased to announce it has
reached agreement to assign its loan to and equity in Netcom Global Inc to
Armadale Capital PLC in exchange for 93 million shares in Armadale Capital
PLC. Based on the closing price of Armadale shares on AIM on 14 November
2013 the value of the transaction is GBP$241,000 or approximately NZ$468,000.

Chairman Murray McKee said "the assignment of our interests in Netcom and the
associated interest in the Mpokoto project provides New Talisman with a
significant return on the investment made in February 2013 and continues to
provide an exposure to the Mpokoto Gold project".

[Master98]

15 November 2013

ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED (NTL and NTLOA or NTLO)
FOR IMMEDIATE RELEASE
Assignment of New Talisman Interest in Netcom Global

New Talisman Gold Mines Limited (NZX: NTL) is pleased to announce it has
reached agreement to assign its loan to and equity in Netcom Global Inc to
Armadale Capital PLC in exchange for 93 million shares in Armadale Capital
PLC. Based on the closing price of Armadale shares on AIM on 14 November
2013 the value of the transaction is GBP$241,000 or approximately NZ$468,000.

Armadale closing price is GBP$0.2675 on 14/11, 93 million shares is GBP$24.8m, GBP$241,000 only worth 0.93 million shares, confuse?

[Hawkeye]

This is great news, but doesn't this still leave them with a 300k shortfall? weren't they looking for over a million?

[Minerbarejet]

Must be getting close to an update on NTL. Been very quiet of late - still trying to figure out where the rest of the money is coming from. None traded in Aussie for over a week now.

[Bobcat.]

Here's their half year report:
https://www.nzx.com/companies/NTL/announcements/244442

Not a lot of cash left and still searching (good luck) for a partner to finance Talisman.

Discl: holding but not expecting much progress until the price of gold surges (probably next year) and financiers again get interested in investing in diggers needing funds as bad as NTL does.

[Landyman]

Half year prelims are out - 2014 not too far away now - no more yawn-fest announcements soon.