NTL - New Talisman Mine - New board & Directors

**BigBob** · 06-08-2020, 11:49 AM

ahhh - that felt good...

Managed to offload just north of 3.7m shares off-loaded at .007 after that joke of an AGM....

Still holding far too many, but at least that was a start...

**mfd** · 06-08-2020, 11:53 AM

It's cute how pleased the CEO was that the share price managed to stand still in a year where the price of gold increased by about 40%.

**Brain** · 06-08-2020, 11:55 AM

Originally Posted by BigBob

ahhh - that felt good...

Managed to offload just north of 3.7m shares off-loaded at .007 after that joke of an AGM....

Still holding far too many, but at least that was a start...

I tried to reduce my holding by a further 1m at 0.7 but missed out. You were quicker off the mark. Will let it sit there for a while but after that meeting 0.6 c or lower will be the new normal.

**BigBob** · 06-08-2020, 12:02 PM

Originally Posted by Brain

I tried to reduce my holding by a further 1m at 0.7 but missed out. You were quicker off the mark. Will let it sit there for a while but after that meeting 0.6 c or lower will be the new normal.

Sorry mate - you snooze, you lose... :-)

Unfortunately I agree with the 0.006 or lower.... at least until they get the consent for the processing plant, which I think they said they are just about ready to think about starting on the paperwork for or something like that....

**suse** · 06-08-2020, 12:09 PM

well from what I'm reading it sounds like the zoom agm was a dogs breakfast. They just dont want to front up do they. I hate this stock more and more everyday but i'm so far in the red I'll just have to stick it out for now. I've got more gold on my fingers than is ever coming out of this mine i think. I'm starting to feel sorry for Digger and Jonu with their significant holdings.

**blackcap** · 06-08-2020, 12:10 PM

Shareholders need to band together and get rid of the directors. Shareholders are those that vote directors onto a board. The directors then recruit a CEO. If enough shareholders get together you can easily get rid of directors if you think they are not governing properly.
Of note, the current CEO is also a director which is not best practice.

If anyone has concerns they should get in contact with the NZ shareholders association. They will go in to bat for you and as someone earlier pointed out, they have made a comment on their latest PVI (proxy voting intention) that they will ask the company to address the CEO and his commenting on here.

Time for some change at the top there. (disc, non holder but could be interested with better governance and leadership)

**Brain** · 06-08-2020, 12:40 PM

Originally Posted by suse

well from what I'm reading it sounds like the zoom agm was a dogs breakfast. They just dont want to front up do they. I hate this stock more and more everyday but i'm so far in the red I'll just have to stick it out for now. I've got more gold on my fingers than is ever coming out of this mine i think. I'm starting to feel sorry for Digger and Jonu with their significant holdings.

I agree with all of that. I have got NTL down to 2.5% of my portfolio. I have taken a loss in so doing but the rest of my portfolio is quite good and it is in times like this it is best for a bloke to look at the wider picture than just NTL.

I will keep these shares and keep an eye on the company. I believe in the mine but after that meeting I do not have much faith that the current management can deliver. Closing the meeting after 45 mins really said it all. If the board and management get their act together and also buy some shares I will take up a more significant holding.