NTL - New Talisman Mine - New board & Directors

[nztx]

https://www.stuff.co.nz/business/300...50kplus-report


Make it easier to fire those earning $250k-plus: Report

But at $250,000 that would capture only senior management roles.

He said that was the starting salary for Government Ministers, who could be dismissed without cause.

“This threshold would capture less than the top 1 per cent of income earners, while capturing the CEOs and senior managers whose roles have the most significant impact on productivity,” Partridge said.

“Regulations would permit the threshold to be adjusted annually to track increases in New Zealand’s median income.”

[whatsup]

Annual report out today, approx $1.1 left, where to from here , a 100/1 con and then a C R @ ?

[haewai]

Gravy

"Payments for consulting services to companies in which directors and major shareholders have a substantial interest amounted toNZ$338,499 (2020:NZ$328,629)."

Curious on why the Board thinks the NZ institute for minerals to materials research is "a major group". Interesting that the company has to send a tonne of ore to Greymouth for testwork.

Otherwise, ho hum, which is to be expected as it only covers activities to March end

[jonu]

Gravy

"Payments for consulting services to companies in which directors and major shareholders have a substantial interest amounted toNZ$338,499 (2020:NZ$328,629)."

Curious on why the Board thinks the NZ institute for minerals to materials research is "a major group". Interesting that the company has to send a tonne of ore to Greymouth for testwork.

Otherwise, ho hum, which is to be expected as it only covers activities to March end

The 338k needs to be examined. If most of it is going to Terra Firma it is probably understandable. If it is to Matt Hill and Murray Stevens we need to know.

[haewai]

It seems separate from the way the accounts record Hill's reimbursement, with only a small amount as consulting fees and the rest as development expenses, as was the case in all prior years. Worst case would be director interest in Terra Firma and lack cost competitiveness as a result.

[nztx]

Can anyone identify what the $246,049 of Sundry, but unidentified Income relates to ?

Can't see anything in Cashflow Statement

As a mere 99.32% of ALL OPERATING INCOME for the 2021 year it would appear to warrant better disclosure - would it not ?

[nztx]

Lots of Lines on NTL's Large Wish List still star .. that Million bucks is going to go far to achieving
all the projects far towrds their completion isn't it ?

Wonder how long the 7.4% of stakeholders on Sharesies are going to hang around if the hand is
extended outwards for a large chunk of CAP RAISE based on NTL's historic past bad habits
of severely watering down minorities by chasing only larger chunks in $15K coin lots ..

Any sign of any Ore Stock Piles pulled out waiting (probably into eternity) in the statements ?
.. or was the exercise not possible or too difficult .. ?

[jonu]

Can anyone identify what the $246,049 of Sundry, but unidentified Income relates to ?

Can't see anything in Cashflow Statement

As a mere 99.32% of ALL OPERATING INCOME for the 2021 year it would appear to warrant better disclosure - would it not ?

Scratching my head on that one too. There is an increase of 244,745 in Stock on hand. Stockpiled ore perhaps? I don't see how that qualifies as Operating Cashflow

[nztx]

Scratching my head on that one too. There is an increase of 244,745 in Stock on hand. Stockpiled ore perhaps? I don't see how that qualifies as Operating Cashflow

If that's the case, increase in Ore on Hand isn't Revenue at all .. how did this one get past the Auditors ?

[nztx]

Why have Sundry Receivables gone up, if there's no mainstream mining Revenue happening ?

Surely if there was sale of Mining based outputs, then that must be a mainstream activity revenue & not a sundry income ?