NTL - New Talisman Mine - New board & Directors

**Landyman** · 14-09-2021, 10:07 AM

I want to buy back in just to support Jonu, and "finding the truth" - that said, I cant afford to lose ant more money on NTL - from no geological POV, I just dont ever see the mine going commercial - all the promises (dating back to HGD), all the money raised, has got us where?

Keep fighting the good fight Jonu.

Actually, how late can I buy some shares to be able to vote?

**whatsup** · 14-09-2021, 10:17 AM

So why the interest today, is it a carry over from yesterday ?

**Landyman** · 14-09-2021, 10:29 AM

Read docs, 24 September allows for voting.

My interest, really just to poke the bear, and try to help Jonu onto the Board - Hill and co. needs to be held to account.

**Getty** · 14-09-2021, 10:45 AM

Time for some real Solid Gold, best sung in the forlorn voice of the original, by the Animals.

The House of the Capital Raising Sum.

"There is a house in New Talisman
They call the capital raising sum,
And its been the ruin of many a poor boy,
And God I know, I'm one.

My mother was a trader,
She stowed her old blue chips.
My father was a gambling man,
Going down in New Talisman!

Now the only thing a gold digger needs,
Is a share listing and a punk report,
And the only time he's satisfied
Is when he's done a rort.

Oh mother, tell your children
Not to do what I have done,
Spend your cash in spin and misery
In the house of the Capital Raising Sum.

Well I got one foot on the platform
One foot on the rabone train

I'm not going back to New Talisman
To get more of the same..."

https://youtu.be/0Fy7opKu46c

**nztx** · 14-09-2021, 11:11 AM

Originally Posted by Getty

Time for some real Solid Gold, best sung in the forlorn voice of the original, by the Animals.

The House of the Capital Raising Sum.

"There is a house in New Talisman
They call the capital raising sum,
And its been the ruin of many a poor boy,
And God I know, I'm one.

My mother was a trader,
She stowed her old blue chips.
My father was a gambling man,
Going down in New Talisman!

Now the only thing a gold digger needs,
Is a share listing and a punk report,
And the only time he's satisfied
Is when he's done a rort.

Oh mother, tell your children
Not to do what I have done,
Spend your cash in spin and misery
In the house of the Capital Raising Sum.

Well I got one foot on the platform
One foot on the rabone train

I'm not going back to New Talisman
To get more of the same..."

https://youtu.be/0Fy7opKu46c

Very good

**nztx** · 14-09-2021, 11:21 AM

Originally Posted by Snow Leopard

Have 6? Buy 3 new more and join our loyality scheme!

Some loyalty & performance coming back the other way is well overdue

about all that has been seen so far from NTL are regular BS Dreams to support another plundering
of shareholder pockets, with follow on dilution and Share price descending further into the Gutter

If NTL were a Ponzi Scheme then it would have been put down
and stopped in it's tracks at least 10 years ago

The way things are going, with the amount of shareholder dough hovered up & lost
by NTL probably deserves comparison to many medium sized Ponzi schemes

**jonu** · 14-09-2021, 11:30 AM

Private Placement

This is how I see it.

NTL announced a priced SPP at the end of July. As is normal the share price descended to the SPP price level.

NTL have now abandoned the SPP and done a placement with persons unknown that NTL claims in their announcement is on the same terms as the Rights Offer.

New Talisman is pleased to advise that it has concluded a private placement of
AU$670,000 for 335,000,000 ordinary shares on the same terms as the upcoming Rights
Issue

This can not be true. The price is the same at 0.2, but the terms are not, as the new holders could not have had enough shares to buy 335 million on the Rights Issue.

So effectively, persons unknown, have been able to buy approx 10% of the company at a 30% discount to an already depressed share price created by the abandoned SPP.

This is of course fantastic for the new holders. Not so good for the dilution of existing holders that have no chance to counter it ahead of the ASM, given that Rights shares will be issued after.

We do not know who the new holders are. But I imagine they are feeling very pleased with themselves, as will NTL's Board who no doubt have just gained the support of approx 10% of the register ahead of the ASM.

**nztx** · 14-09-2021, 11:41 AM

And Don't forget this:

http://nzx-prod-s7fsd7f98s.s3-websit...090/354654.pdf

Final Paragraph

Following completion of the Rights Issue, the Company intends to consolidate the shares on
issue (including entitlements to loyalty shares) into a smaller number of shares, with details
of the record date and ratio of shares consolidated to be advised in due course.

so more Rinse, Repeat & Dilution into the future on the cards

And not to miss this choice addition buried in the announcement -

Here's some "ASS Covering" stated in black & white in case things don't pan out:

New Talisman reserves the right to withdraw the
Offer and issue new shares at any time before the Issue Date in its absolute discretion.

So if Board wish - they will consider dishing out even more to unknown parties in placements ?

And so here is a Capital Raise, but there may not be a Cap Raise at all for existing holders ..

It looks like the top brass are intently focussed on ensuring they stay in position - never mind
the existing stakeholders one iota - a bit of Australian under arm bowling at it's finest - folks