NTL - New Talisman Mine - New board & Directors

[youngatheart]

Lol, lights out?....

[Landyman]

Lol, lights out?....

Day trading opportunity coming - bubble along between 5 and 6 now?

Potentially the smart buy is at $0.001 - hahaha.

Mr Hill, please get the review done and have a pragmatic plan to extract and process the yellow stuff -we are tired off the brown!!!

Situation normal: back up now, 6m traded today - decent volumes

[Ltw]

Interestingly I found that report a little exciting. as did a number of others but the looks .006 gone

I'll either slap myself silly later or be content with my decision to dip my toes back in. least this time it's at .006 not 1.8

[Getty]

The valiant battle on the ping pong table continues.

Mr .6c has only 8M strokes left, against Mr .7c with 77+ M strokes to unleash.

Mr .1c waiting in the wings is warming up, and on current progress, could be in the match soon.

All this while the POG is strong.

Not many waiting for the spew in the review.

Broker .7c has $588k saying 'get me outa here', while Broker .6c in an admirable act of defiance, has placed $273 of money where his mouth is.

[suse]

Strategic review
As outlined at the AGM the management team have undertaken to provide the board with a review of the overall business and current mine plan in line
with both the AMC report and data acquired in the first stage of the works underground. This is estimated to be completed in mid-November and will form
the platform for the board to review the current strategic direction of the Company and any changes in line with the current project plan and budget.
Following the board strategy review a detailed outline of the project planand strategic direction of the business will be provided in a detailed update
to shareholders.
Of course it doesnt say mid november which year.... more waffle

[Landyman]

Surely they will need a mission before they implement a strategy, maybe they will throw in some visions and values, and of course, this will all need to be peer reviewed - ha - its sarcastic Tuesday!!!

[jonu]

Surely they will need a mission before they implement a strategy, maybe they will throw in some visions and values, and of course, this will all need to be peer reviewed - ha - its sarcastic Tuesday!!!

I thought you were out Landy?

[Getty]

I'm still here Jonu.
In the same way that Telecom had the Kiwi Share, I made a solemn promise to Matty, that I would always retain a stake, to legitimise our relationship.
Its known as the Getty share.

[nztx]

I'm still here Jonu.
In the same way that Telecom had the Kiwi Share, I made a solemn promise to Matty, that I would always retain a stake, to legitimise our relationship.
Its known as the Getty share.

Might be waiting fair while & few more Cap Raises to see NTL stumble towards Gettying anything meaningful
that looks like gold out.
Probably a few more strategic reviews as well to work out there isn't enough dough left in kitty to do it
Then the job might want to try getty some more of your hard earned for another strategic review..
In meantime, best regard the Share as a Contributing Getty share likely to have hand out for more
Fool's gold well into the future..

As most seasoned NTL fools will well know, past unfortunate dallops of hard earned thrown in & interest
in NTL have generally seen Stakeholders' Gold invariably flow one way and that's not out either..

[Ltw]

Ok so we still have the doom and gloomers for another perspective below is my take on the report.

HIGHLIGHTS
o Mine reopened following second Covid-19 lockdown.
I wasn’t aware they had to shut for a second time

o Authority to Enter and Operate Talisman renewed by Department of
Conservation.
o Access Agreement with Department of Conservation renewed.
These two interested me a lot and I didn’t realise they were up for renewal annually.
It makes for a good strategy i.e. getting these signed off and renewed before any production or gold produced.
Why you ask? When / if they start removing ore etc it will likely bring with it the protests and heat. To me this is a tick the box excise but a critical one.

o Strategic management review of the business underway. –
This I don’t quite understand but time will tell where this is heading and why they are doing it. Not sure I’d call it a highlight

o Driving on Mystery Vein to commence shortly.
o Terra Firma engaged to carry out work on the Mystery.
The mystery of Mystery, one can only hope they are wanting to start driving on this face due to it’s high grades and easiest and quickest route to revenue

o Work programme to explore and define near mine resource targets commencing.
Don’t lose sight of production guys!!

o Loyalty shares issued – Cheers for that they got me into the green.

The primary focus is on securing a treatment route for processing extracted
ore. This will ensure maximum volumes are extracted under the current consent
while a longer-term consent is being prepared for full term of the mining
permit currently held by NTL.

Read that twice maybe a 3^rd time – we have seen it a few times but this combined with the DOC renewals got my attention

At the end of the quarter the team have finalised the planning and risk
assessments for works at Mystery and currently await delivery of materials in
order to commence ground support and blasting. The programme to be
implemented by NTL's mine contractor, Terra Firma, will involve driving to
the north on the Mystery Vein to produce ore and enable detailed sampling to
expand the gold resource and increase confidence levels on grade and
continuity.
Previous sampling of Mystery by NTL has shown grades up to 50g/t gold, while
check sampling during the last phase of driving on vein showed a weighted
average grade of the vein across the current face of 1.8m at 39.35g/t Au,
34.75g/t Ag, including narrow footwall stringers. (Please see
https://www.asx.com.au/asxpdf/201805...lpmv420f4f.pdf).
This gives the Company confidence to continue driving on vein which will
provide data to support plant design parameters as well as commercial
discussions with third parties on potential treatment options.

Ok maybe where getting somewhere – would be nice if you shared the plan with us.

Corporate
During the quarter the board resolved to continue with a 20% reduction in
corporate costs. While progressing technical activities with restrictions in
place underground costs have remained minimal with management deciding to
await delivery of specialist materials from Australia prior to commencing
works with Terra Firma Ltd(TFM).

Can we have some more details on these specialist materials??

Strategic review
As outlined at the AGM the management team have undertaken to provide the
board with a review of the overall business and current mine plan in line
with both the AMC report and data acquired in the first stage of the works
underground. This is estimated to be completed in mid-November and will form
the platform for the board to review the current strategic direction of the
Company and any changes in line with the current project plan and budget.
Following the board strategy review a detailed outline of the project plan
and strategic direction of the business will be provided in a detailed update
to shareholders.

How long have we been asking for this, another piece that caught my attention finally they are putting a plan together!
Using a lot and likely getting lost in big words but hopefully we will get a quality detailed plan with milestones and a schedule…

Regulatory
Annual Review Meeting
During the quarter the company undertook its annual review with NZPAM, DOC,
WRC, HDC and Worksafe. Following the AMC review of the resource estimate a
majority of queries by NZPAM were addressed. A follow up meeting has been
arranged to address a number of technical queries as well as review the Rahu
permit and options in that regard.

Rahu is not lost??

Department of Conservation
During the period, the company lodged its annual renewal for its Authority to
Enter and Operate the Talisman mine pursuant to the proposed bulk sampling
project plan. This authority allows access for equipment to complete
upgrading the access road in preparation for increased vehicle movements, and
to the portal hardstand to begin construction of surface facilities.



The company also lodged its access agreement renewal with the Department of
Conservation during the quarter.
Rahu Gold Project (100%) - Hauraki District, NZ
At the AGM, the company announced its intention to relinquish the Rahu
permit. In discussion with NZPAM the company is exploring options which may
allow amendment to the current work program on the permit which is currently
restricted by access issues.
Tenements
Rahu Resources -EP60144 100% New Talisman
Talisman Mine - MP51326 100% New Talisman Gold Mines Limited


Not sure what to read into that one and not very exciting at this point