NTL - New Talisman Mine - New board & Directors

[Brain]

Quite the contrary actually which is the conundrum. He has a large shareholding via various entities, in the top 20. He is also a specialist in capital raising. The company needs capital, a lot of it, to really make the shift. Despite the lack of performance moving from explorer to producer, he has enabled the company funding. If he goes I think the Board have a very serious problem which could set the company back years. All the IP and the avenue to capital could leave. How would you feel about owning a gold mining claim without any of the core skills you need in your management team?

The annual report records Hill as having a beneficial interest in 43M shares which is less than half of Jonu’s holding. Hill hasn’t increased his shareholding in years. He has shown ability in raising capital but to what end? Shareholders need to know whether or not this is a viable mine and if so how much further investment will be required. I cannot believe that mining Talisman is an easy task that was extremely badly mismanaged but possibly a very difficult task that has not been managed very well. The other possibility is that this is an impossible task due to mine access difficulties , blasting restrictions and generally difficult geology and shareholders need to know that so they do not loose any more money.

[Bluemanarc]

I am not talking NTL funding or worthless holding in NTL.
I am talking personal funds and assets accumulated and appreciated whilst robbing NTL blind with his salary plus other dealings.

BTW
You should hear him mouthing off on Hot Copper now under Spy1

[nztx]

From one of the posts:

One star a***ed two headed frog gets run over and your stuffed

Isn't that just what happened ?

or did Two or two and half get caught in the headlights & get flattened ?

[nztx]

Who is 'bizzo' over there on Copper?

To quote another earlier posting over yonder:

The mine does have ore and it does have some VERY high grade ore .
When I mined a parcel of ore and took it to Australia it Averaged 214 grams a ton.
We had assays of 1000grams a ton.
It just needs a new board and new mining contractors .

[nztx]

How many Directors we got now ?

How long before NZX & ASX call time & into suspenders - if too few on the Board ?

Also a vacant spot for the polisher up & keeper of the filings to the Exchanges & Officialdom
since Jane Beancounter or should that be Record scribbler did a hasty exit job ..

We seriously CAN'T allow ASX & NZX put pay to our hearing further chapters on the HGL/NTL
long winding story - JUST when things could potentially start to get interesting with updates
on what's been going on and the NEW BOARD'S Assessment on whether things look
like there is some chance of light at the distant end of the Tunnel ..

[bucko]

BTW
You should hear him mouthing off on Hot Copper now under Spy1

Hilarious!

Mr Hill stepped down from the board so a step in the right direction. Love seeing Jonu get to work.

[Sideshow Bob]

Now updated on the NZX - Situations Vacant:

Shareholder Update - NZX, New Zealand’s Exchange

Director and Company Secretary Resignation - NZX, New Zealand’s Exchange

[Sideshow Bob]

One more director:

Shareholder Update - NZX, New Zealand’s Exchange

New Talisman Gold Mines Ltd announces it has elected Independent director John Upperton to the Chair of the Board.
The Company further announces the appointment of new Independent Director Calum Kerr McKenzie MBA, a large scale and successful farmer in Northland. Mr McKenzie, having observed the sentiment of the recent ASM, and the turbulent week the Company has just experienced, has accepted this appointment on an interim basis to bring stability to the Company.

The Board would like to acknowledge the professionalism of departing Company Secretary Jane Bell, who has agreed to assist in transitioning the role to a successor. Ms Bell has performed above the Call of Duty in the circumstances and the Chair thanks her for her efforts.

The Board looks forward to rebuilding its skills base and will be looking to appoint further Directors in the coming weeks.
Front and centre for the Board is the sentiment expressed by shareholders at the recent ASM.

The Board notes the stability in the Company share price in the last few trading days, despite the turbulent week the Board has experienced. A message has been sent by the Company's owners. Shareholders can rest assured that message has been heard by their Directors.

Mr J Upperton
Chairman
New Talisman Gold Mines Limited

[Landyman]

Wow - that took a bit of reading. Times are a changing.

Agree, losing Matts ability to raise capital is a problem, however his (and his teams) ability to make any progress at mining has been his downfall (ridiculous salary too), current position was inevitable, there have been so many broken (hill) promises that future CR were in doubt of being successful. Off the top of my head there was the on-site processor plant that failed, then potential using chemical treatment to process (was it microbes), the previous call that NTL was full-funded to achieve what they needed to but now we hear its $12m away.

Very tough position to be in, and surely NTL is now prime for take-over - unless its not worth it.

Fun times. Boom - Jonu - lets hope for some better governance

[Chippie]

Jonu / John Upperton is shaking things up, which is encouraging. We cannot be any worse off and need to either get gold out of the ground or else cut our loses.