NTL - New Talisman Mine - New board & Directors

[Getty]

Maybe O J has gone in with all guns blazing, and NOT taken any prisoners...

[bucko]

Is it too much for me to think perhaps they're going to listen to 'the will of the shareholders' vote outcomes?

[Getty]

Maybe the Regional authority has made contact, and said the Rabone family right to mine is not transferrable.

Cant raise cash for what you cant do...although that never stopped NTL in the past.

[Landyman]

Given his long service and connection to NTL, then an immediate departure cant be read as a positive. Generally you would expect a decent handover, and given the turmoil of the last months elections, rejections and placement of our Jonu, sounds like there must be a bit going on.

DYOR, but quick summary (unfortunately few nice things to say):
1. MD is up for court action with FMA for posting on here under pseudonym
2. Tried to place an inexperienced accountant into Directorship (Wyse), rejected - noting she still hasnt updated her Linkedin profile
3. Rejected one of their larger shareholders (J. U.)
4. Have delivered few goals
5. Bought a hobby mine, that we are told will not be allowed to be commercial venture
6. Looking offshore for "pots of gold"
7. Cant spell, and tend to have contradictions in their announcements
8. Are sitting on a pile of JORC - see I can be optimistic.

Challenging times.

[Weta]

I'm still waiting for NTL to welcome Jonu to the board.

Maybe they want him to write his own welcoming letter as he is the only one with shareholders interests in mind.

[Landyman]

THere was another director that quietly resigned 12 (or so) months ago, cant remember his name

[Weta]

Just over a year ago.

http://nzx-prod-s7fsd7f98s.s3-websit...055/329864.pdf

Why did it take a year to replace him with Ms Wyse?

[Weta]

Crown Minerals probably said F-off.


The Board of New Talisman Gold Mines Ltd (NTL) announces that NTL has entered into final documentation relating to the acquisition of Broken Hill Historic Gold Mine Limited (BHG). Completion of the acquisition is conditional on receipt of required approvals under Crown Minerals Act 1991 by 31 December 2021.

http://nzx-prod-s7fsd7f98s.s3-websit...875/355653.pdf


If that is the case, then millions of invalid votes could have been counted during the AGM.

[Landyman]

Surely due diligence would have flagged that risk as a MAJOR - surprised the deal has got this far.

[Getty]

Rights issue cancelled, due to differences of opinion amongst the new board...

Funds paid will be returned.