NTL - New Talisman Mine - New board & Directors

[nztx]

Everyone must be busy lodging their complaints with NZX REG on the deficiencies, omissions
and other visible issues contained in NTL's announcement yesterday


Bound to be a few more glaring issues to the fore with today's as well


Could there be an NZX REG Censure coming up for NTL's wayward board ?


How does NZX view a CEO / Director with the announced FMA Case hanging over his head
being involved in Management & further CAP Raising antics ?


An absentee CEO on full pay & Aussie based Chairman at that too, if a past posting is correct

[nztx]

SP - Buy 0.002 - Sell 0.003


Oh dear - what just happened ? - did someone just bail ?


or was there a bit of pump & dump ? (possibly out of opening over the ditch)


Will NZX be investigating what sort of bull haggling is going on ?

[dubya]

.................................................. ...............

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

Yes indeed.

...........................................

New Talisman is pleased to advise that it has concluded a private placement of
AU$670,000 for 335,000,000 ordinary shares .................................

We do not know who the new holders are. But I imagine they are feeling very pleased with themselves, as will NTL's Board ...............................

There's their salaries guaranteed for the next coupla years too .
Gotta be the best job in town, irrespective of which side of the ditch you're in.

NTL HERE WE GO AGAIN.jpg

[jonu]

Does anyone know why the ASX would still be in trading halt? Something to do with 10% more shares to be issued? It seems strange that the halt was lifted on NZX only.

[jonu]

Does anyone know why the ASX would still be in trading halt? Something to do with 10% more shares to be issued? It seems strange that the halt was lifted on NZX only.

They haven't announced the placement or Cap Raise on ASX yet.
Seems very odd that they can be trading on one exchange only.

[Weta]

Well that has to be a breach of the trading rules?
Not all shareholders are on a level playing field.
NTX shares have more information released about them than ASX shares do.

[jonu]

Well that has to be a breach of the trading rules?
Not all shareholders are on a level playing field.
NTX shares have more information released about them than ASX shares do.

Maybe the ASX has twigged the Placement wasn't done on a level playing field either. The announcement claimed it was made on the same terms as the Rights issue but this can't be true. No one on the register had enough shares to get 335 million rights at 0.2

[Weta]

Just what I was thinking Jonu.
That would explain lifting the halt on the NZX (naïve market) but not the ASX.
This might get very interesting.

[Lion]

Hi Bart...NZ Shareholders Association (NZSA) will be be supporting John in the upcoming ASM vote. You can contact Computershare to offer your proxy to NZ Shareholders Association. Simply send in the proxy form that should have been sent to you. Alternatively, you can download this form from the NZSA website - that is for a standing proxy (ie, one that applies across all of your shareholdings), but if you only want it to apply to NTL, you can simply indicate that in the box provided.

Hope this helps.
Oliver Mander (CEO, NZSA)

My proxy votes are with the NZSA, so voting for John. I wonder how NZSA is voting on resolutions 1 & 2 (Wyse & Rabone).

Shameful behaviour by our board recently - unbelievable. I think they must realise the game is almost up and must be sh***ing themselves.

Go jonu!!

[jonu]

Just what I was thinking Jonu.
That would explain lifting the halt on the NZX (naïve market) but not the ASX.
This might get very interesting.

The ASX do have some different rules that have tripped Matt Hill up previously (from memory around Au grades and JORC). Whatever the delay is, it must be more than a subtle change of wording problem.