NTL - New Talisman Mine - New board & Directors

[elZorro]

Last piece about to fall into place. 2014 is going to be preeeeeeetty goooood me thinks!

Yep, I found this executive document on Dr Paul Crosio, he's the Australian with an LLB who is the head of Emerald Resources. He appears to be fairly clever, and well connected.

http://investing.businessweek.com/re...=Pacnet%20Ltd.

[robbo24]

https://www.nzx.com/companies/NTL/announcements/245151

- Special Purpose Vehicle set up by Chinese investor group for purposes of funding Talisman Mine Development - Heads of Agreement provides for investor group to :

- Invest NZ$10.9M in development and operation of Talisman gold mine on basis set out in Pre-Feasibility study

- Earn right to 65% of gold and silver produced (after costs) from reserve identified in Pre-Feasibiity study .

- To establish at its cost gold processing and treatment plant and to treat Talisman ore on competitive terms

- To fund potential future joint ventures with NTL

What is the reserve identified in the pre-feasibility study?

I see they may invest 1.5-times the current MCap for a 65% share of that reserve - why didn't they just buy the whole company?


Edit: https://www.nzx.com/files/attachments/181195.pdf it appears the Chinese investors have made a good bargain for themselves - the ore reserves are discussed in this document here.

Edit 2: It's all subject to shareholder approval - what say ye?

[bullish]

Heads up! (excuse the pun)

We are on moosie!!

What great deal just released on ASX

Seems they fund first phase of mining and provide a plant assuming DD completes which should not be hard now all consents are good to go.

Off to the pub what a week thanks NTL !!!!

Woohoo heads of agreement with Chinese. 65% of phase 1 and treatment.

What a year. Congrats holders.

[croesus]

Lord only knows. Unreactive market (deal not for sure yet). im starting to wonder what its going to take to get this baby going short pf finding the ark of the covenant down in that hole...

Well 1.2c snaffled.... on recent spikes I would expect to see 1.5c...

[croesus]

Pre open up 22% in Aussie....do you want a wager for a cheeky Shiraz... that 1.3c gets taken out in NZ

[croesus]

Pre open up 22% in Aussie....do you want a wager for a cheeky Shiraz... that 1.3c gets taken out in NZ

Just did... 1.3 c gone

[bucko]

Merry Christmas Everyone!

[bucko]

Can we reach 1.5??????

[clip]

1.4 snaffled as well, not taking long my asx holding is larger than my nzx one currently, looking forward to see what that is going to do

[hilskin]

merry Christmas everybody up to 0.017